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coal price in china

  1. 69 Posts.
    I could not find that article again, that one I quoted a little bit, less than 600 yuan. I found a new article about Qinhuangdao Chinese port price. this is much higher, more than 800 yuan. wee below:


    China Coal-Prices climb again, Indonesian imports boosted
    Tue Apr 26, 2011 7:31am GMT

    Print | Single Page
    [-] Text [+]
    * Qinhuangdao prices rise to top 815 yuan, port stocks drop
    * Higher prices help clinch import deals, strong Indonesian
    prices
    * Inflation concerns cloud bullish sentiment
    By Fayen Wong
    SHANGHAI, April 26 (Reuters) - Power demand from factories
    and increased construction activity pushed up China's thermal
    coal prices for the fourth straight week, with growing warnings
    of a summer fuel shortage boosting daily prices to a five-month
    high of 815 yuan ($124.85).
    Average weekly prices of coal with a heating value of 5,500
    kcal/kg NAR climbed to 795-800 yuan a tonne on April 25, while
    6,000 kcal/kg coal steadied at 845 yuan, according to industry
    data website SXCOAL (www.sxcoal.com).
    But in a sign of robust domestic demand, the daily price of
    5,500 kcal/kg coal has already risen to 815 yuan.
    "Power consumption is rising faster than expected, so
    utilities are burning more coal and replenishing more stocks,"
    said a producer source in Hangzhou.
    "But output from mines are growing slower than demand. There
    is a lag time for supply to respond to demand because of
    bottlenecks at the railways, so I do believe we will see a fuel
    supply shortage this year."
    The head of the National Energy Administration has warned
    this week that China must be prepared to cope with power
    shortfalls during the high energy-consuming summer month as
    other agencies cautioned about a fuel supply shortage.
    [ID:nL3E7FP2VT]
    Output growth is also slowed by consolidation efforts in
    other major coal-producing provinces such as Inner Mongolia and
    Shaanxi as the local governments proceed to close off small and
    unsafe mines through mergers.
    Stocks at top coal port Qinhuangdao fell for the 8th week by
    5.5 percent to 5.63 million tonnes.

    MORE IMPORT DEALS
    Fast-rising domestic prices have also helped overseas
    traders clinch more deals over the past week.
    Demand for Indonesian sub-bituminous coal remains strong and
    deals for 5,500 kcal/kg NAR coal were said to have been sold at
    around $112 CFR, industry sources said. Including VAT taxes,
    such Indonesian imports would hover at $131 a tonne on a landed
    basis, cheaper than domestic supplies which is standing at a
    minimum of $133.40.
    Excluding freight, such rates indicates an FOB price of
    around $102 a tonne, which represents a premium of around $1 a
    tonne to McCloskey's sub-bituminous index on Friday, after
    making changes to heating value.
    Still, some Chinese buyers remain cautious on the outlook of
    the domestic market, saying that price gains in the coming weeks
    may slow and be rangebound if utilities have secured a sizeable
    amount of summer stocks.
    "Possible government controls are still weighing high on
    sentiment. Inflation is still a very big issue within China and
    the general sentiment is that Beijing wouldn't tolerate
    excessive increase in coal prices," said a Beijing trader.

    Weekly Qinhuangdao prices for (Yuan) PORT STOCKS
    >6,000 kcal/kg >5,500 Kcal/KG (Mln Tonnes) WEEK TO
    835-845 790-800 5.626 Apr 25
    835-845 785-795 5.957 Apr 18
    835-845 780-790 6.399 Apr 11

    825-835 770-780 6.877 Apr 04

    820-830 770-780 7.412 Mar 29
    820-830 765-775 7.735 Mar 21
    825-835 770-780 7.835 Mar 14
    820-830 765-775 8.398 Mar 07
    825-835 770-780 8.472 Mar 02
    825-835 770-780 7.533 Feb 21
    825-835 775-785 7.284 Feb 14
    825-835 775-785 7.426 Feb 07
    825-835 775-785 6.859 Jan 31
    825-835 775-785 7.071 Jan 24
    835-845 780-790 7.210 Jan 17
    835-845 780-790 6.954 Jan 10
    835-845 780-790 7.049 Jan 04
    835-845 780-790 7.104 Dec 30
    835-845 780-790 7.590 Dec 24
    840-850 790-800 7.006 Dec 20
    845-855 795-805 6.711 Dec 13
    845-855 795-805 6.663 Dec 06
    860-870 805-815 5.789 Nov 29
    850-860 795-805 6.170 Nov 22
    840-850 790-800 6.197 Nov 15
    840-850 790-800 6.387 Nov 08
    825-835 765-775 6.805 Nov 01
    ($1 = 6.526 Chinese yuan)



    Chinese Coal Imports Surge
    Email Print
    Thu, Aug 18, 2011
    Feature Articles, Uncategorized
    Post by James Wellstead, Resource Reporter
 
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