Tuesday, 07 Feb 2012
Reuters reported that steam coal prices made modest gains of around 75 cents per tonne on Monday as the arrival of more cargoes balanced against a freeze across much of Europe, which drove up gas and oil prices.
A February delivery DES ARA parcel of multi origin, including American coal, was bid at USD 96.75 and offered at USD 98.00, up 75 cents.
A March DES ARA for coal was bid at USD 96.50 and offered at USD 100.50, down 50 cents.
A March South African cargo was bid at USD 105.00, down 50 cents.
Several European utilities and utility/traders signed term contracts two years ago to import American coal, which have kept stockpiles swollen through a winter that has been unusually mild until the latest cold snap.
As more US and Colombian cargoes arrive in Europe while spot buying remains weak, some downward pressure is expected on prices. How far this will be offset by a resumption of large scale Chinese imports, remains to be seen.
Floods in Australia and heavy rains during the past month in Indonesia are already delaying shipments, but so far end users have not been compelled to seek replacement tonnes.
(Sourced from Reuters)
Showing posts with label Chinese coal import price. Show all posts
Showing posts with label Chinese coal import price. Show all posts
Tuesday, February 7, 2012
Tuesday, August 23, 2011
Chinese coal imports in July jump by record 34pct - ANZ
Tuesday, 23 Aug 2011
Bloomberg quoted Australia & New Zealand Banking Group Ltd said coal imports into China, the world biggest consumer jumped 34% to a record in July.
Mr Mark Pervan an analyst at ANZ in Melbourne said shipments climbed sharply from a year earlier to 17.53 million tonnes.
He said that imports are set to accelerate next month or in October as utilities start to restock in anticipation of stronger winter demand. He added that “Signs of a pickup in Chinese activity are supporting China imported coal prices.”
According to the report China bought more low quality coal. Imports came to 3.63 million tons for the anthracite variety, 4.05 million tonnes for coking coal and 9.85 million tonnes for thermal coal.
Coking coal is used to make steel, while thermal coal is burned to generate power. China is the world’s biggest steel producer.
(sourced Bloomberg)
Bloomberg quoted Australia & New Zealand Banking Group Ltd said coal imports into China, the world biggest consumer jumped 34% to a record in July.
Mr Mark Pervan an analyst at ANZ in Melbourne said shipments climbed sharply from a year earlier to 17.53 million tonnes.
He said that imports are set to accelerate next month or in October as utilities start to restock in anticipation of stronger winter demand. He added that “Signs of a pickup in Chinese activity are supporting China imported coal prices.”
According to the report China bought more low quality coal. Imports came to 3.63 million tons for the anthracite variety, 4.05 million tonnes for coking coal and 9.85 million tonnes for thermal coal.
Coking coal is used to make steel, while thermal coal is burned to generate power. China is the world’s biggest steel producer.
(sourced Bloomberg)
Wednesday, August 17, 2011
Chinese Coal Imports Climb 36% on Power Demand, Sxcoal Says
Wed, Aug17, 2011
By Bloomberg
China’s July coal imports climbed 36 percent to 17.53 million metric tons from a year earlier, sxcoal.com, a Shanxi-based industry portal, said on its website, citing Chinese customs data.
That exceeded the customs bureau’s record of 17.34 million tons in December and 13.73 million tons in June. The official customs data is due to be released Aug. 22.
The world’s largest coal consumer and producer increased imports of the fuel amid the worst summer power shortages in at least seven years. A shrinking gap between domestic prices and global costs are also spurring purchases. The premium of Chinese coal to Newcastle prices narrowed to $8.74 a ton on June 10, according to Mirae Assets Ltd.
Coking-coal imports gained 29 percent to 4.05 million tons last month and coal for power plants rose 15 percent to 4.99 million tons, according to sxcoal. Imports declined 5.3 percent to 87.87 million tons in the first seven months, it said.
By Bloomberg
China’s July coal imports climbed 36 percent to 17.53 million metric tons from a year earlier, sxcoal.com, a Shanxi-based industry portal, said on its website, citing Chinese customs data.
That exceeded the customs bureau’s record of 17.34 million tons in December and 13.73 million tons in June. The official customs data is due to be released Aug. 22.
The world’s largest coal consumer and producer increased imports of the fuel amid the worst summer power shortages in at least seven years. A shrinking gap between domestic prices and global costs are also spurring purchases. The premium of Chinese coal to Newcastle prices narrowed to $8.74 a ton on June 10, according to Mirae Assets Ltd.
Coking-coal imports gained 29 percent to 4.05 million tons last month and coal for power plants rose 15 percent to 4.99 million tons, according to sxcoal. Imports declined 5.3 percent to 87.87 million tons in the first seven months, it said.
Thursday, August 4, 2011
China to soon cut coal import VAT and port charges
Thu, Aug04, 2011 |By China Mining
China, the world's largest coal producer and consumer, may soon lower value-added tax and port charges on imported coal to encourage the country's coal imports to ensure an effective supply of the fuel, said Hao Xiangbin, a senior official with the China Coal Industry Association, sources reported.
Hao said that the Chinese government has been studying the adjustments of VAT and port charges on coal imports.
Currently, the Chinese government imposes a 17% VAT on coal imports, which was adjusted up from 13% on Jan. 1, 2009. Port charges for coal imported at Chinese ports range from RMB 30 to RMB 40 per metric ton, with Guangzhou port at RMB 38.5 per metric ton, and Shanghai port at RMB 32.5 per metric ton.
Hao added that China's net coal imports will remain high this year, likely hitting 150 million metric tons, and are expected to increase in 2012 and 2013.
In the first six months, China's coal imports amounted to 70.49 million metric tons, down 11.8% year on year, and its coal exports fell 13.7% year on year to 8.75 million metric tons. China saw its net coal imports decrease by 8.04 million metric tons or 11.5% year on year to 61.74 million metric tons.
Hao estimated that the country's coal demand in the second half will be higher than that in the first half, and that its total coal demand for 2011 will reach 3.73 billion metric tons, up 9.7% year on year.
China's raw coal output reached 1.77 billion metric tons in the first half of this year, representing a year-on-year increase of 13%, and its coal sales volume reached 1.71 billion metric tons during the period, 14% more than a year ago.
China, the world's largest coal producer and consumer, may soon lower value-added tax and port charges on imported coal to encourage the country's coal imports to ensure an effective supply of the fuel, said Hao Xiangbin, a senior official with the China Coal Industry Association, sources reported.
Hao said that the Chinese government has been studying the adjustments of VAT and port charges on coal imports.
Currently, the Chinese government imposes a 17% VAT on coal imports, which was adjusted up from 13% on Jan. 1, 2009. Port charges for coal imported at Chinese ports range from RMB 30 to RMB 40 per metric ton, with Guangzhou port at RMB 38.5 per metric ton, and Shanghai port at RMB 32.5 per metric ton.
Hao added that China's net coal imports will remain high this year, likely hitting 150 million metric tons, and are expected to increase in 2012 and 2013.
In the first six months, China's coal imports amounted to 70.49 million metric tons, down 11.8% year on year, and its coal exports fell 13.7% year on year to 8.75 million metric tons. China saw its net coal imports decrease by 8.04 million metric tons or 11.5% year on year to 61.74 million metric tons.
Hao estimated that the country's coal demand in the second half will be higher than that in the first half, and that its total coal demand for 2011 will reach 3.73 billion metric tons, up 9.7% year on year.
China's raw coal output reached 1.77 billion metric tons in the first half of this year, representing a year-on-year increase of 13%, and its coal sales volume reached 1.71 billion metric tons during the period, 14% more than a year ago.
Friday, May 27, 2011
Chinese coal imports in April down by 17pct
Friday, 27 May 2011
According to statistics released by the China's General Administration of Customs, China's coal imports hit 11.1 million tonnes in April 2011, down 2.42 million tonnes or 17.9% from a year earlier, while rising 22.65% versus 9.05 million tonnes in March 2011.
The rising coal imports are attributed to the shrinking coal price spread at home and abroad. Previously, heavy flooding attacked Australia's Queensland which severely hampered coal production and exports of the region. Coal buyers in southern China tend to the domestic market, which pushed China domestic coal prices up. (sourced Steel Home)
According to statistics released by the China's General Administration of Customs, China's coal imports hit 11.1 million tonnes in April 2011, down 2.42 million tonnes or 17.9% from a year earlier, while rising 22.65% versus 9.05 million tonnes in March 2011.
The rising coal imports are attributed to the shrinking coal price spread at home and abroad. Previously, heavy flooding attacked Australia's Queensland which severely hampered coal production and exports of the region. Coal buyers in southern China tend to the domestic market, which pushed China domestic coal prices up. (sourced Steel Home)
Thursday, March 3, 2011
Chinese coal import price jumps 60pct in 2010
Thursday, 03 Mar 2011
According to statistics of China National Development and Reform Commission, China imported a total of 164.78 million tonnes of coal in 2010 up by 30.9%YoY. Imports spent USD 16.9 billion increase of 60.1%YoY underscoring that while imports increased in 2010, international coal price surged with it.
Moreover, this year international coal demand of China was expected to continue to grow and it’s going to be even more responsive to international coal prices.
The bulletin showed China’s crude oil consumption jumped 12.9%, natural gas 18.2%, electric power 13.1% and coal consumption 5.3%. The growth in coal demand had outrun that in coal production in 2010, which rose by a YoY 300 million tonnes. Imports reached a record high of over 160 million tonnes. (courtsey news by mysteel)
Tags : statistics of China National Development and Reform Commission, China total coal import 164.78 million tonnes,
Moreover, this year international coal demand of China was expected to continue to grow and it’s going to be even more responsive to international coal prices.
The bulletin showed China’s crude oil consumption jumped 12.9%, natural gas 18.2%, electric power 13.1% and coal consumption 5.3%. The growth in coal demand had outrun that in coal production in 2010, which rose by a YoY 300 million tonnes. Imports reached a record high of over 160 million tonnes. (courtsey news by mysteel)
Tags : statistics of China National Development and Reform Commission, China total coal import 164.78 million tonnes,
Subscribe to:
Posts (Atom)
Posts
