Seasonal factors or re-push the price of coal - coal price - machine tool industry
Development and Reform Commission has said the limit has an impact on coal, coal prices rose in April this year, the first time since fall. Analysts said that the current tight supply and demand situation still exists, and seasonal demand for coal may again push up the price of coal.
Coal price stabilization Although the NDRC hit by two limit policy, Qinhuangdao coal prices fell in a row, the heat is 6000 kcal / kg of Datong excellent mix from the highest 1010-1040 yuan / ton, down to 940 -1010 yuan / ton; fat, calories 5500 kcal / kg Shanxi excellent mix from the highest 940-970 yuan / ton, down to 860-930 yuan / ton. The reporters found, according to data provided by Coal Marketing Association this week, no further extension Qinhuangdao prices down, and the calorific value of coal of different maintained last week's price decline has stopped, the price significantly stabilized.
As international coal prices were also stabilized. Early July to early August this year, Australia's Newcastle port coal FOB price drop for 4 weeks, from July 4 to 194.79 U.S. dollars / ton minimum down to 150 U.S. dollars / ton, down nearly 45 U.S. dollars, up 23.1% decline.
But with the Indonesian government halted exports of the six coal companies, a substantial increase in China's coal export duties, international coal prices took a dramatic turn and began the steady rise of recent Newcastle port coal FOB price 162 U.S. dollars / ton floating.
This, Orient Securities analyst Wang Shuai coal, said recently as China, Indonesia, Vietnam, the world's largest coal-producing countries have introduced measures to tighten export of coal, while Australia's coal exports decline due to weather factors, leading to international face tight coal supply situation of the market increased, leading to the recent rebound in the international coal price. Liang Ping An Securities researcher believes that 120 U.S. dollars / ton, or into the bottom line of international coal prices, while China will raise export tariffs on 10% of steam coal, while in fact the international coal prices pushed up 10%.
Seasonal demand will now Annual coal demand winter season are all but a relatively small demand for spring and autumn, there will be increased coal inventory, prices fall slightly in the case.
Learned recently Qinhuangdao, Guangzhou and Hong Kong stocks were up 7.17 million tons of coal, 213 million tons over last year's substantial increase in inventories, which according to Huang Teng describes the coal trade experts, Qinhuangdao Port stocks up 7.5 million tons needed to Shugang. China Coal Transportation Association Deputy Secretary-General Liang Dunshi that this is due to a seasonal decrease in demand of coal, due to reduced trading volume.
In fact, pressure port in the port of coal, while there are still some areas of the plant is running low inventory, the overall supply and demand of coal, "tight balance" the state has not been resolved.
Shuai said the price drop early Qinhuangdao major policy limit the role of the state, if not to limit, the current price of Qinhuangdao perhaps 1,300 yuan / tons. The policy also resulted in Qinhuangdao limit no longer reflect the market price fluctuations, can not be compared. He believes that if the price fell below the national limit Qinhuangdao 860 yuan / ton in order to determine the market inflection point occurs.
Market participants that the current supply and demand largely due to easing the transition from summer to winter during the seasonal decline in demand of coal, but with winter approaching, the demand for heating coal storage will again raise the coal demand, supply and demand " tight balance "will be more tight, and the winter market, a further increase in coal prices is no doubt.
However, the Great Wall Securities analyst, said the tension of coal in winter may be lower than the summer, he told reporters that the price of coal will loose some of 9,10 months, in winter with the increase in production, supply and demand will be relatively mild. Liangdui Shi said that the future price will be basically stable and unlikely to rise again, but not lower.
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