Friday, Nov18, 2011
Thermal coal prices at major ports around Bohai Sea headed down for the first time since September 7.
The latest Bohai-Rim Steam-Coal Price Index or BSPI indicates that the average price of thermal coal with calorific value of 5500 kilocalories per kilogram dropped by CNY 1 per tonne to CNY 852 per tonne in the week ending November 16.
Industry sources reported that the price showed continuous rise from early September to late October and kept flat for three weeks in a row thereafter. At Qinhuangdao port, the price of 4500 kilocalories per kilogram and 5500 kilocalories per kilogram thermal coal was down CNY 5 per tonne from a week earlier to CNY 645 per tonne to CNY 655 per tonne and CNY 845 per tonne to CNY 855 per tonne respectively, the first drop in several weeks, and that of 5000 kilocalories per kilogram and 5800 kilocalories per kilogram reached CNY 745 per tonne to CNY 755 per tonne and CNY 900 per tonne to CNY 910 per tonne.
Analysts said that the sharp decline in coal inventories at Qinhuangdao port, caused by the overhaul of Daqin railway, triggered growing concerns about coal supply at China main ports and pushed up coal prices. After the rail line resumed full operations, coal stockpiles at the ports recovered and alleviated coal supply tension, which as a result cooled down coal prices. What’s more, China key power plants currently have high stock level, sufficient for 20 days of consumption.
(source: steelhome.cn/en)
Thermal coal prices at major ports around Bohai Sea headed down for the first time since September 7.
The latest Bohai-Rim Steam-Coal Price Index or BSPI indicates that the average price of thermal coal with calorific value of 5500 kilocalories per kilogram dropped by CNY 1 per tonne to CNY 852 per tonne in the week ending November 16.
Industry sources reported that the price showed continuous rise from early September to late October and kept flat for three weeks in a row thereafter. At Qinhuangdao port, the price of 4500 kilocalories per kilogram and 5500 kilocalories per kilogram thermal coal was down CNY 5 per tonne from a week earlier to CNY 645 per tonne to CNY 655 per tonne and CNY 845 per tonne to CNY 855 per tonne respectively, the first drop in several weeks, and that of 5000 kilocalories per kilogram and 5800 kilocalories per kilogram reached CNY 745 per tonne to CNY 755 per tonne and CNY 900 per tonne to CNY 910 per tonne.
Analysts said that the sharp decline in coal inventories at Qinhuangdao port, caused by the overhaul of Daqin railway, triggered growing concerns about coal supply at China main ports and pushed up coal prices. After the rail line resumed full operations, coal stockpiles at the ports recovered and alleviated coal supply tension, which as a result cooled down coal prices. What’s more, China key power plants currently have high stock level, sufficient for 20 days of consumption.
(source: steelhome.cn/en)
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1 comment:
The use of sophisticated software systems for coal mining that is mostly burnt for power generation and steel production and adds to the greenhouse effect is valid for western countries who may allocate resources and funds to alternative and more greener sources of power. Some of the alternatives may be "safer" than the traditional mines. Unfortunately, coal statistics show developing economies are more likely to increase their use of thermal coal & metallurgical coal in coming years because of its affordability and to meet increasing demands for electricity and steel. Whether they will embrace and utilise sophisticated software systems that no doubt add to the cost of production is yet to be seen. Cherry of www.coalportal.com
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