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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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Recent News

Tuesday, 01 September 09
GLOBAL COAL PRICES UNDER PRESSURE AS CHINESE PROVINCE RETURNS TO THE PRODUCTION FRAY - REUTERS
China is set to return to role of coal exporter as the deadline for thousands of small coal mines in its Shanxi province to reopen after being shut ...


Tuesday, 01 September 09
INDONESIA PLN SECURES 1.9 MILLION TONNES COAL FOR NEW POWER PLANT
Reuters reported that Indonesia's state electricity firm PT Perusahaan Listrik Negara has secured 1.9 million tonnes of sub bituminous coal per yea ...


Tuesday, 01 September 09
EXPORT OF COAL RAW MATERIAL SHOULD BE REDUCED - INDONESIAN OFFICIAL
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Tuesday, 01 September 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 23%, SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 23 percent ...


Monday, 31 August 09
INDIA MMTC ISSUE TENDER TO IMPORT 12.5 MMT COAL TO BE SUPPLIED OVER A PERIOD OF 12 MONTHS
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