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Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND


People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last week, with steam coal over 5,500 kilocalories rising to 600 yuan per ton on September 18, according to statistics provided by China Coal Trade & Development Association (CCTDA).

Li Zhaolin, an analyst with China Coal Market Web, said that the power plants were striving to increase coal reserve to ensure power supply during the National Day holidays. "Judging from the power generation data in August, downstream demand is increasing," Li said.

Last week, the National Development and Reform Commission (NDRC) urged power plants in Beijing, Tianjin and Tangshan to reserve enough coal to guarantee power supply during the National Day holidays.

According to the CCTDA's latest weekly journal, as power plants in southern China want more coal, stockpile at Qinghuangdao port is decreasing.

By September 19, coal stockpile at Qinghuangdao port was 4.40 million tons, 65,000 tons lower than the previous week. Stockpile at Guangzhou port fell by 190,000 tons to 2.09 million tons.
Source: People's Daily Online



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Thursday, 24 September 09
CHINA WILL BE IMPORTER OF COKING COAL NEXT YEAR, MCCLOSKEY SAYS
Bloomberg reported that, China, the world’s largest coal user and producer, will remain an importer of the fuel through next year, according t ...


Wednesday, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4, ...


Wednesday, 23 September 09
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The firm plans to place orders for equipment by the end of October and commission both the plants by April 2012 to sell power in the open market ...


Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawi ...


Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
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