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Friday, 12 June 09
THERMAL COAL PRICE REMAINS STABLE IN SHANXI - STEEL GURU


It is reported that coming into June, no major changes are seen in coal supply-demand relations in Shanxi province. Statistics of Qinhuangdao port, China's largest coal port indicate that trade volume has only remained at a decent level in the supposedly high season therefore coal price may dip so tome point recently, but only by a small extent.

On one hand, water-generated power has gone up in China's southern area, and in addition coal imports from Vietnam and Indonesia have increased, exerting notable impact on coal supply demand in the China's eastern coastal areas. On the other hand, power plants have sufficient coal stock plus the relatively high price at present power plants have no reason to purchase coal.

On such basis, coal market has been flat as whole. But coal price is predicted to go down slightly because Shenhua Group will soon transport more coal to the port which will push up the port's coal stock and then cause pressure to coal price. As the summer season comes, thermal coal price is expected to be stable coupled with minor fluctuations but only minor.

Till June 9th in Datong area, Shanxi, the ex-mine price of thermal coal with 6,000 calorie had remained at about CNY 360 per tonne and that of high grade thermal coal with 5,500 calorie per kilogram CNY 310 per tonne.

Source:http://steelguru.com/news/index/2009/06/12/OTgxNjg%3D/Thermal_coal_price_remains_stable_in_Shanxi.html



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