Friday, 17 Feb 2012
The benchmark Bohai Rim Steam Coal Price Index which tracks power station coal prices at 6 ports fell for the 14 consecutive week due to the lingering sluggish market demand along with recent significant falls in coal prices and lower freight rates.
Data showed that the average price of thermal coal with calorific value of 5500 Kcal per kilogram clocked in at CNY 777 per tonne in the week ended February 15th 2012 down 0.26% or CNY 2 per tonne from a week earlier and indicating an aggregated decline of CNY 76 per tonne.
At Qinhuangdao port, the price of 5500 Kcal per kilogram thermal coal dropped CNY 5 per tonne to reach in the range of CNY 765 per tonne to CNY 775 per tonne. The median price level of CNY 770 per tonne was CNY 30 per tonne lower than the ceiling price imposed by the National Development and Reform Commission.
Despite depressing track records over the past weeks, thermal coal prices at the ports are expected to move up in the not too far future driven by slow recovery in coal market coupled with slight rebound in freight rates for carrying coal from the ports.
(source: www.steelhome.cn/en)
Showing posts with label Qinhuangdao port. Show all posts
Showing posts with label Qinhuangdao port. Show all posts
Friday, February 17, 2012
Wednesday, November 23, 2011
Coal Stockpiles at China main ports rebound to 13 million tonnes
Wednesday, 23 Nov 2011
(In 10,000 tonnes)
Industry sources said that coal stocks at the four ports will fall slightly once weather turns better and thermal coal prices are expected to edge down accordingly.
(source: steelhome.cn/en)
Coal inventories at the four major harbors around Bohai Sea increased to 13.877 million tonnes due to severe weather in the week ending November 20 up by 16.11% or 1.926 million tonnes marking the highest growth at record.
Coal Stocks at Major Ports around Bohai Sea during November 14 to 20 2011
| Port | Coal Stocks | Up/Down | Growth% |
| Qinhuangdao port | 687 | 104.7 | 17.98 |
| Jingtang port | 226 | 36 | 18.94 |
| SDIC Caofeidian port | 240 | 35 | 17.07 |
| Tianjin port | 234.7 | 16.9 | 7.75 |
(In 10,000 tonnes)
Industry sources said that coal stocks at the four ports will fall slightly once weather turns better and thermal coal prices are expected to edge down accordingly.
(source: steelhome.cn/en)
Friday, November 18, 2011
Coal Stockpiles at China's Main Ports Decline After 5 Weeks of Increase
Friday, Nov18,2011
Coal inventories at the four major harbors around Bohai Sea witnessed a fall after rising for five weeks in a row.
Coal stockpiles at the four major harbors decreased to 11.951 million tonnes in the week ending November 13, down 2.24 percent or 274,000 tonnes from 12.225 million tonnes in the previous week.
sourced steelhome.cn/en
Coal inventories at the four major harbors around Bohai Sea witnessed a fall after rising for five weeks in a row.
Coal stockpiles at the four major harbors decreased to 11.951 million tonnes in the week ending November 13, down 2.24 percent or 274,000 tonnes from 12.225 million tonnes in the previous week.
Coal Stocks at Major Ports around Bohai Sea During Nov.7-13, 2011
| Port | Coal Stocks (in 10,000 tonnes) | Up/Down (in 10,000 tonnes) | Growth% |
| Qinhuangdao port | 582.3 | -29.2 | -4.77 |
| Jingtang port | 190 | 5 | 2.7 |
| SDIC Caofeidian port | 205 | 2 | 0.98 |
| Tianjin port | 217.8 | -5.2 | -2.33 |
Industry sources said that coal stocks at the four ports will edge up next week given the weakening demand from downstream sectors and correspondingly thermal coal prices will show slight rise.
sourced steelhome.cn/en
Tuesday, November 15, 2011
China power station coal price declines for first time in three months
Tuesday, 15 Nov 2011
Bloomberg reported that China benchmark thermal-coal price fell for the first time in three months dropping from a three year high as utilities finished building stockpiles for winter.
According to the China Coal Transport and Distribution Association coal with an energy value of 5,500 kilocalories per kilogram at Qinhuangdao port slid 0.6% to a range of CNY 845 to CNY 855 per tonne recently from a week earlier. That’s the first decline since August 14.
The National Development and Reform Commission said last month that Chinese utilities typically start to buy the fuel they need for winter heating demand in September and complete stockpiling by November. The nation largest power stations held 70.9 million tons of inventories as of October 18 the equivalent of 20 days of consumption.
Mr David Fang a director at the association said “Stockpiles at power stations are very high and there’s no reason why they need more than what they already have now. Prices will go even lower from here, at least until another round of stockpiling during the coldest periods early next year.”
According to the data inventories at Qinhuangdao which ships half of China seaborne coal supplies mined from inland regions fell 2.5% to 5.89 million tonnes as of yesterday from a week earlier.
(Sourced from Bloomberg)
Bloomberg reported that China benchmark thermal-coal price fell for the first time in three months dropping from a three year high as utilities finished building stockpiles for winter.
According to the China Coal Transport and Distribution Association coal with an energy value of 5,500 kilocalories per kilogram at Qinhuangdao port slid 0.6% to a range of CNY 845 to CNY 855 per tonne recently from a week earlier. That’s the first decline since August 14.
The National Development and Reform Commission said last month that Chinese utilities typically start to buy the fuel they need for winter heating demand in September and complete stockpiling by November. The nation largest power stations held 70.9 million tons of inventories as of October 18 the equivalent of 20 days of consumption.
Mr David Fang a director at the association said “Stockpiles at power stations are very high and there’s no reason why they need more than what they already have now. Prices will go even lower from here, at least until another round of stockpiling during the coldest periods early next year.”
According to the data inventories at Qinhuangdao which ships half of China seaborne coal supplies mined from inland regions fell 2.5% to 5.89 million tonnes as of yesterday from a week earlier.
(Sourced from Bloomberg)
Friday, November 4, 2011
China Bohai Thermal coal prices hit all time high
Friday, 04 Nov 2011
It is reported that 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 reached an all-time high of CNY 853 per tonne in the week ending October 26.
The price was up CNY 6 per tonne or 0.71%t from a week earlier and an increase of CNY 28 per tonne compared with September 7 when a rebound was seen after nine consecutive weeks’ fall.
At Qinhuangdao port, the price of 5500 kilocalories per kilogram and 5800 kilocalories per kilogram thermal coal was up CNY 5 per tonne to CNY 850 per tonne to CNY 860 per tonne and CNY 900 per tonne to CNY 910 per tonne respectively compared with the previous week while that of 4500 kilocalories per kilogram and 5000 kilocalories per kilogram thermal coal kept stable at CNY 650 per tonne to CNY 660 per tonne and CNY 745 per tonne to CNY 755 per tonne.
In China's main coal-producing regions, such as Shanxi and Inner Mongolia, coal prices have remained stable after previous weeks upswing. Coal prices in these two regions have perched high for several weeks on speculation that China may face another round of power shortage in the coming winter. And the tough coal transport capacity may be one of the main reasons to bolster up the price.
(source: steelhome.cn/en)
It is reported that 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 reached an all-time high of CNY 853 per tonne in the week ending October 26.
The price was up CNY 6 per tonne or 0.71%t from a week earlier and an increase of CNY 28 per tonne compared with September 7 when a rebound was seen after nine consecutive weeks’ fall.
At Qinhuangdao port, the price of 5500 kilocalories per kilogram and 5800 kilocalories per kilogram thermal coal was up CNY 5 per tonne to CNY 850 per tonne to CNY 860 per tonne and CNY 900 per tonne to CNY 910 per tonne respectively compared with the previous week while that of 4500 kilocalories per kilogram and 5000 kilocalories per kilogram thermal coal kept stable at CNY 650 per tonne to CNY 660 per tonne and CNY 745 per tonne to CNY 755 per tonne.
In China's main coal-producing regions, such as Shanxi and Inner Mongolia, coal prices have remained stable after previous weeks upswing. Coal prices in these two regions have perched high for several weeks on speculation that China may face another round of power shortage in the coming winter. And the tough coal transport capacity may be one of the main reasons to bolster up the price.
(source: steelhome.cn/en)
Wednesday, October 26, 2011
China coal freight rate slumps
Wednesday, 26 Oct 2011
According to industry portal China Coal Resource freight rate for coal vessels from Qinhuangdao to other coastal ports has kept declining for 3 consecutive weeks to approaching the lowest level this year.
CCR database showed that as of October 19 the freight for vessels of 20,000-30,000 DWT from Qinhuangdao to Shanghai port decreased 2.56% from a week ago to CNY 38 per tonne with a sharp dropping of CNY 10 per t or 22.83% since late September. Meanwhile, the freight for vessels of 40,000-50,000 DWT from Qinhuangdao to Guangzhou port was CNY 51 per tonne down 3.77% from one week prior.
It has decreased CNY 9 per tonne or 15% in the past three weeks. The sharp fall is mainly due to reduced vessels from downstream users as dampened by the low coal inventory at Qinhuangdao port and relatively high stock at power plants.
(sourced sxcoal)
According to industry portal China Coal Resource freight rate for coal vessels from Qinhuangdao to other coastal ports has kept declining for 3 consecutive weeks to approaching the lowest level this year.
CCR database showed that as of October 19 the freight for vessels of 20,000-30,000 DWT from Qinhuangdao to Shanghai port decreased 2.56% from a week ago to CNY 38 per tonne with a sharp dropping of CNY 10 per t or 22.83% since late September. Meanwhile, the freight for vessels of 40,000-50,000 DWT from Qinhuangdao to Guangzhou port was CNY 51 per tonne down 3.77% from one week prior.
It has decreased CNY 9 per tonne or 15% in the past three weeks. The sharp fall is mainly due to reduced vessels from downstream users as dampened by the low coal inventory at Qinhuangdao port and relatively high stock at power plants.
(sourced sxcoal)
Thursday, October 13, 2011
Indonesia's coal rush - JOSEPH KIRSCHKE
Thu, 13 October 11
Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port of Qinhuangdao, the shipping point for more than half the country’s coal, in northeast China. Their collective mission: to help load and supply imported coal to avert massive power outages.
Amid a summer heat wave, China, which relies on half the world’s coal supply for 70 percent of its energy, is again in bad shape — even as it simultaneously mines coal and imports it at record levels. The Railway Ministry has deployed trains nationwide as 20 regions have instituted rations to cope with a power deficit far above that of Japan’s after the March tsunami.
All this is a plus for Indonesia, Southeast Asia’s biggest economy, which already exports more coal to China than any other nation. But Beijing’s increasing focus on innovation, economic sustainability and the environment means that thermal coal, or steam coal, will allow coal companies in Indonesia even more profits as China heaves further into the 21st century. Thermal coal is used for power generation, and Indonesia has more of it than any country in the world.
China is now the world’s leading consumer of coal — bringing in some 200 million tons of it at last year — since importing began four years ago, despite having the third-biggest reserves on the planet. But China’s domestic coal market faces serious hardships; each one drives up import demands, all contribute to a long-term drop in production.
Payloads from distant Inner Mongolia and Xinjiang, for example, face ramshackle highways: a 100-kilometer, two-week-long traffic jam filled with coal trucks just outside Beijing last year was nothing if not a reminder. Record mining fatalities — some 80 percent of the world’s total with 3,000 deaths annually — are also prompting authorities to shutter mines by the thousands. At the same time, according to Beijing’s China Coal Research Institute, four-fifths of all Chinese coal fails to meet national industrial standards.
But for a country building a new power plant weekly, with the world’s largest carbon footprint, the environment and energy efficiency are a priority. This is underscored in Beijing’s 12th Five-Year Guideline, a policy mandate dating back to foundation of the People’s Republic in 1949. In it, the Communist Party of China now emphasizes economic and environmental sustainability, including further use of thermal coal — both high-grade and low in sulfur.
This is excellent news for Indonesia. China, in fact, is predicted to more than double thermal coal imports to 200 million tons by 2015, up from 90 million tons this year, as 39 percent of the world’s increase will come from Indonesia. By 2030, global coal production is projected to reach seven billion tons — 5.2 billion of it being steam coal. Thermal coal, thus, is set to outstrip the value of all other Indonesian export commodities — well above other types of coal, minerals and natural gas.
Straddling the “Ring of Fire,” Indonesia is to geothermal power what the Persian Gulf is to oil — with 40 percent of the world’s thermal coal. This is an energy source used by 70 other countries and is considered highly sustainable. Indeed, thermal coal is already considered one of the most prized commodities on the planet.
China’s trend isn’t entirely new. In recognizing its value in reducing acid rain and greenhouse gases while increasing the efficiency of its coal-fired power plants, China has greatly surpassed the United States in its “clean coal” capacities. Developments include the 2008 establishment of a $73 million thermal coal research facility by the Chinese Academy of Sciences and British Petroleum. And Beijing has acquired 41 patents on thermal coal technology in the last 30 years.
Not only the European Union, Washington, too, has partnered with Beijing. It has done so in particular via China’s Thermal Power Research Institute, a leading research organization that has licensed technology to a US clean coal energy initiative. Previously scrapped due to high costs, the project was revived with $1 billion from the Obama administration in 2009.
This demand equals a win-win for Indonesia’s thermal coal companies — and, by extension, Indonesia, thanks to its low-cost work force and shipping industry. In May, President Susilo Bambang Yudhoyono officially announced a $468 billion economic master plan for 2011 to 2025 that some have called “ambitious.”
His wish may have already been granted.
About Joseph Kirschke
Joseph Kirschke is a Jakarta/Beijing-based Communications Consultant and Political Analyst who works with international investors, media and energy and trade companies.
If you believe an article violates your rights or the rights of others, please contact us.
(sourced coalspot)
Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port of Qinhuangdao, the shipping point for more than half the country’s coal, in northeast China. Their collective mission: to help load and supply imported coal to avert massive power outages.
Amid a summer heat wave, China, which relies on half the world’s coal supply for 70 percent of its energy, is again in bad shape — even as it simultaneously mines coal and imports it at record levels. The Railway Ministry has deployed trains nationwide as 20 regions have instituted rations to cope with a power deficit far above that of Japan’s after the March tsunami.
All this is a plus for Indonesia, Southeast Asia’s biggest economy, which already exports more coal to China than any other nation. But Beijing’s increasing focus on innovation, economic sustainability and the environment means that thermal coal, or steam coal, will allow coal companies in Indonesia even more profits as China heaves further into the 21st century. Thermal coal is used for power generation, and Indonesia has more of it than any country in the world.
China is now the world’s leading consumer of coal — bringing in some 200 million tons of it at last year — since importing began four years ago, despite having the third-biggest reserves on the planet. But China’s domestic coal market faces serious hardships; each one drives up import demands, all contribute to a long-term drop in production.
Payloads from distant Inner Mongolia and Xinjiang, for example, face ramshackle highways: a 100-kilometer, two-week-long traffic jam filled with coal trucks just outside Beijing last year was nothing if not a reminder. Record mining fatalities — some 80 percent of the world’s total with 3,000 deaths annually — are also prompting authorities to shutter mines by the thousands. At the same time, according to Beijing’s China Coal Research Institute, four-fifths of all Chinese coal fails to meet national industrial standards.
But for a country building a new power plant weekly, with the world’s largest carbon footprint, the environment and energy efficiency are a priority. This is underscored in Beijing’s 12th Five-Year Guideline, a policy mandate dating back to foundation of the People’s Republic in 1949. In it, the Communist Party of China now emphasizes economic and environmental sustainability, including further use of thermal coal — both high-grade and low in sulfur.
This is excellent news for Indonesia. China, in fact, is predicted to more than double thermal coal imports to 200 million tons by 2015, up from 90 million tons this year, as 39 percent of the world’s increase will come from Indonesia. By 2030, global coal production is projected to reach seven billion tons — 5.2 billion of it being steam coal. Thermal coal, thus, is set to outstrip the value of all other Indonesian export commodities — well above other types of coal, minerals and natural gas.
Straddling the “Ring of Fire,” Indonesia is to geothermal power what the Persian Gulf is to oil — with 40 percent of the world’s thermal coal. This is an energy source used by 70 other countries and is considered highly sustainable. Indeed, thermal coal is already considered one of the most prized commodities on the planet.
China’s trend isn’t entirely new. In recognizing its value in reducing acid rain and greenhouse gases while increasing the efficiency of its coal-fired power plants, China has greatly surpassed the United States in its “clean coal” capacities. Developments include the 2008 establishment of a $73 million thermal coal research facility by the Chinese Academy of Sciences and British Petroleum. And Beijing has acquired 41 patents on thermal coal technology in the last 30 years.
Not only the European Union, Washington, too, has partnered with Beijing. It has done so in particular via China’s Thermal Power Research Institute, a leading research organization that has licensed technology to a US clean coal energy initiative. Previously scrapped due to high costs, the project was revived with $1 billion from the Obama administration in 2009.
This demand equals a win-win for Indonesia’s thermal coal companies — and, by extension, Indonesia, thanks to its low-cost work force and shipping industry. In May, President Susilo Bambang Yudhoyono officially announced a $468 billion economic master plan for 2011 to 2025 that some have called “ambitious.”
His wish may have already been granted.
About Joseph Kirschke
Joseph Kirschke is a Jakarta/Beijing-based Communications Consultant and Political Analyst who works with international investors, media and energy and trade companies.
If you believe an article violates your rights or the rights of others, please contact us.
(sourced coalspot)
Wednesday, October 12, 2011
China Coal Price Rises as Qinhuangdao Stockpiles Plunge 25%
(Updates with port inventories in third paragraph.)
Oct.11 (Bloomberg) - Coal for generating power rose at China's Qinhuangdao port as inventories plunged to the lowest level in two years as utilities bought more before winter.
Coal with an energy value of 5,500 kilocalories per kilogram rose 0.6 percent to a range of 840 yuan ($132) to 850 yuan a metric ton yesterday, compared with two weeks earlier, according to data today from the China Coal Transport and Distribution Association. The association didn't publish data a week ago because of a national holiday.
Stockpiles at the port, which ships half of China's seaborne coal supplies, fell 25 percent to 4.41 million tons from two weeks earlier. That's the lowest level since inventories dropped to 4.06 million tons on Oct. 11, 2009.
Power plants in China typically start buying fuel from late September before peak heating demand during the colder months. This year, the biggest railway carrying coal from the northern mining province of Shanxi to Qinhuangdao started repairs on Sept. 21 for as long as 15 days, according to the Qinhuangdao Seaborne Coal Market industry website. The Daqin Railway repairs would cut daily capacity by 300,000 tons, the website said.
“Stockpiles fell as supplies reaching Qinhuangdao decreased because of the Daqin maintenance,” according to a report published on the association's website today. “Demand for coal also has risen as major power stations and heating companies started stockpiling coal early.”
Coal prices at Qinhuangdao are expected to remain steady in October as rising domestic demand is offset by increasing imports, the association said in the report.
China's coal imports rose to a record 17.5 million tons in July, according to customs data. Overseas purchases fell to 16.6 million tons in August, still 27 percent above the 13.1 million- ton monthly average from January to August.
(sourced BusinessWeek)
Oct.11 (Bloomberg) - Coal for generating power rose at China's Qinhuangdao port as inventories plunged to the lowest level in two years as utilities bought more before winter.
Coal with an energy value of 5,500 kilocalories per kilogram rose 0.6 percent to a range of 840 yuan ($132) to 850 yuan a metric ton yesterday, compared with two weeks earlier, according to data today from the China Coal Transport and Distribution Association. The association didn't publish data a week ago because of a national holiday.
Stockpiles at the port, which ships half of China's seaborne coal supplies, fell 25 percent to 4.41 million tons from two weeks earlier. That's the lowest level since inventories dropped to 4.06 million tons on Oct. 11, 2009.
Power plants in China typically start buying fuel from late September before peak heating demand during the colder months. This year, the biggest railway carrying coal from the northern mining province of Shanxi to Qinhuangdao started repairs on Sept. 21 for as long as 15 days, according to the Qinhuangdao Seaborne Coal Market industry website. The Daqin Railway repairs would cut daily capacity by 300,000 tons, the website said.
“Stockpiles fell as supplies reaching Qinhuangdao decreased because of the Daqin maintenance,” according to a report published on the association's website today. “Demand for coal also has risen as major power stations and heating companies started stockpiling coal early.”
Coal prices at Qinhuangdao are expected to remain steady in October as rising domestic demand is offset by increasing imports, the association said in the report.
China's coal imports rose to a record 17.5 million tons in July, according to customs data. Overseas purchases fell to 16.6 million tons in August, still 27 percent above the 13.1 million- ton monthly average from January to August.
(sourced BusinessWeek)
Monday, October 10, 2011
Coal stocks in China’s QHD port fell to two years
Monday, 10 October 2011
During China’s Golden Week, the coal stocks in China’s Qin Huang Dao (QHD) port plunged to a two year low of 3.97 million tonnes, a 46% slash from 7.3 million
tonnes in early September. Two points are worth mentioning regards to this phenomenon. Firstly, China’s DaQin railway went into the 2nd round of maintenance for around 15 days (20 Sep to 5 Oct), which results in a daily reduction of 0.3 million tonnes in coal shipments to northern ports. Secondly, five coal mines, which account for around 5 million tonnes of monthly output, have been forced to shut down for overhauls after a fatal accident. China’s domestic coal prices, as a result, have reasonably begun to creep up. After the Golden Week when the DaQin railway is back to full capacity, QHD port’s coal stocks are expected to be gradually refilled. Nonetheless, as Chinese power producers ramp up their seasonal restocking during the remainder of the October, this will likely create support for coal prices and also imply firm demand for domestic and foreign coal suppliers this month.
Source: ICAP Shipping
During China’s Golden Week, the coal stocks in China’s Qin Huang Dao (QHD) port plunged to a two year low of 3.97 million tonnes, a 46% slash from 7.3 million
tonnes in early September. Two points are worth mentioning regards to this phenomenon. Firstly, China’s DaQin railway went into the 2nd round of maintenance for around 15 days (20 Sep to 5 Oct), which results in a daily reduction of 0.3 million tonnes in coal shipments to northern ports. Secondly, five coal mines, which account for around 5 million tonnes of monthly output, have been forced to shut down for overhauls after a fatal accident. China’s domestic coal prices, as a result, have reasonably begun to creep up. After the Golden Week when the DaQin railway is back to full capacity, QHD port’s coal stocks are expected to be gradually refilled. Nonetheless, as Chinese power producers ramp up their seasonal restocking during the remainder of the October, this will likely create support for coal prices and also imply firm demand for domestic and foreign coal suppliers this month.
Source: ICAP Shipping
Friday, September 16, 2011
Coal stockpiles at Qinhuangdao Port decrease significantly
Friday, 16 Sep 2011
Coal shipment at Qinhuangdao port, China top coal loading port increased by 9.27% or 458,000 tonnes from a week earlier to 5.508 million tonnes in the week from September 5 to September 11 averaging 786,900 tonnes per day.
Coal handling at the port has witnessed a sharp rise of nearly 1.76 million tonnes within five weeks on the back of stronger demand before overhaul of Daqin railway starts.
In the week, coal haulage to the port via railway registered 4.904 million tonnes, a drop of 5.02% or 259,000 tonnes from the prior week, averaging 700,600 tonnes per day. This marks the end of three consecutive weeks’ increase in coal deliveries to the port.
Up to September 10, coal stockpiles at the port fell by more than 8% or 604,000 tonnes to 6.676 million tonnes. Thermal coal prices at major ports around Bohai Sea headed up after 9 consecutive weeks' fall. The latest Bohai-Rim Steam-Coal Price Index, or BSPI, indicates that the price of thermal coal with calorific value of 5500 Kcal/kg averaged at CNY 826 per tonne up 0.12% or CNY 1 per tonne from a week earlier.
(source steelhome)
Coal shipment at Qinhuangdao port, China top coal loading port increased by 9.27% or 458,000 tonnes from a week earlier to 5.508 million tonnes in the week from September 5 to September 11 averaging 786,900 tonnes per day.
Coal handling at the port has witnessed a sharp rise of nearly 1.76 million tonnes within five weeks on the back of stronger demand before overhaul of Daqin railway starts.
In the week, coal haulage to the port via railway registered 4.904 million tonnes, a drop of 5.02% or 259,000 tonnes from the prior week, averaging 700,600 tonnes per day. This marks the end of three consecutive weeks’ increase in coal deliveries to the port.
Up to September 10, coal stockpiles at the port fell by more than 8% or 604,000 tonnes to 6.676 million tonnes. Thermal coal prices at major ports around Bohai Sea headed up after 9 consecutive weeks' fall. The latest Bohai-Rim Steam-Coal Price Index, or BSPI, indicates that the price of thermal coal with calorific value of 5500 Kcal/kg averaged at CNY 826 per tonne up 0.12% or CNY 1 per tonne from a week earlier.
(source steelhome)
Tuesday, August 16, 2011
China Coal Prices Face ‘Upward Pressure,’ UOB-Kay Hian Says
Tue,Aug 16, 2011 |By Bloomberg
China’s thermal coal prices face “upward pressure” and may rebound earlier than expected after stockpiles at ports and power stations declined, UOB-Kay Hian Ltd. said.
Demand for domestic coal was reflected in rising freight rates to deliver the fuel from Qinhuangdao port to Shanghai or Guangzhou, Helen Lau, a Hong Kong-based analyst at UOB-Kay Hian, said in an e-mailed note today. Freight costs climbed as much as 3 percent for the week ended Aug. 10 from a week earlier, reversing a downtrend since June, she said.
China’s thermal coal prices typically fall during July through September after power plants complete stockpiling the fuel to meet summer demand. Last year, prices began to rebound in late September as utilities replenished inventories consumed during the peak season, according to data from the Beijing-based China Coal Transport and Distribution Association.
Inventories at the top six Chinese power generation companies have fallen to the equivalent of 15 days of consumption after staying above 17 days since June, Lau said in today’s note. Inventories below 15 days represent supply tightness, she said.
Daily coal consumption at power plants rose to a record in July as electricity demand expanded 12 percent from a year earlier, Cai Hongyu, a Hong Kong-based analyst at China International Capital Corp., the nation’s biggest investment bank, said in a separate e-mailed note today.
China’s thermal coal prices should rebound in September as utilities restock and maintenance begins at Daqin railway, a major coal transportation rail-line, Cai wrote.
Monday, May 30, 2011
Qinhuangdao port coal throughput up 6 pct
Monday, 30 May 2011
Coal handling at Qinhuangdao port, China’s top coal loading port, increased again last in the week from May 16 to 22, up by 5.96% from a week earlier.
Qinhuangdao Seaborne Coal Market said that coal shipment from the port reached 5.39 million tonnes last week, averaging 769,300 tonnes per day. The number has been increasing for two consecutive weeks, data showed. Coal deliveries to the port via railway gained 3.9% from the previous week to 5.35 million tonnes, namely 764,600 tonnes per day.
Qinhuangdao port had 5.89 million tonnes coal in stock on average per day in the week. As of May 22, coal stockpiles at the port were 5.79 million tonnes. (sourced sxcoal)
Coal handling at Qinhuangdao port, China’s top coal loading port, increased again last in the week from May 16 to 22, up by 5.96% from a week earlier.
Qinhuangdao Seaborne Coal Market said that coal shipment from the port reached 5.39 million tonnes last week, averaging 769,300 tonnes per day. The number has been increasing for two consecutive weeks, data showed. Coal deliveries to the port via railway gained 3.9% from the previous week to 5.35 million tonnes, namely 764,600 tonnes per day.
Qinhuangdao port had 5.89 million tonnes coal in stock on average per day in the week. As of May 22, coal stockpiles at the port were 5.79 million tonnes. (sourced sxcoal)
Monday, March 28, 2011
China approves plan for state emergency coal reserve
March 28, 2011 By He Shan
The State Council, China's cabinet, has approved a program for an emergency national coal reserve, which will build up five million tons of coal this year, according to a source from the China Coal Industry Association.
The coal reserve will ensure the supply for power firms in case a major natural disaster or accident disrupts the coal supply.
Ten major coal mining companies, including Shenhua Group Corp. Ltd. and China National Coal Group Corp., have been selected to build storage facilities for coal across the country, while eight major coal shipping ports, including Qinhuangdao Port, Zhoushan Port, Guangzhou Port, Wuhan Port and Zhuhai Port will also be involved in the program.
China's business press carried the story above on Monday. China.org.cn has not checked the stories and does not vouch for their accuracy. ( sourced:China.org.cn)
The coal reserve will ensure the supply for power firms in case a major natural disaster or accident disrupts the coal supply.
Ten major coal mining companies, including Shenhua Group Corp. Ltd. and China National Coal Group Corp., have been selected to build storage facilities for coal across the country, while eight major coal shipping ports, including Qinhuangdao Port, Zhoushan Port, Guangzhou Port, Wuhan Port and Zhuhai Port will also be involved in the program.
China's business press carried the story above on Monday. China.org.cn has not checked the stories and does not vouch for their accuracy. ( sourced:China.org.cn)
Monday, March 21, 2011
S China ports coal prices rise last week
Mar 19, 2011 |en.sxcoal
Coal prices at ports of South China rose in the week from Mar 12 to 18, according to a report published by Qinhuangdao Seaborne Coal Market.
At Guangzhou port, the price of premium mixed coal with heating value of 5000Kcal/kg rose 25 yuan/t or 3.27 percent from last week to 790yuan/t and that of 5500Kcal/kg increased 15 yuna/t to 885 yuan/t, data showed.
And, the price of Shenmu slack with calorific value of 6000Kcal/kg was 955 yuan/t at Ningbo port and that of 6500Kcal/kg was 1200 yuan/t.
The increasing demand for coal from downstream would relieve the slack supply and demand of coal market.
As of Mar 17, Guangzhou port had 2.31 million tonnes coal in stock.
At Guangzhou port, the price of premium mixed coal with heating value of 5000Kcal/kg rose 25 yuan/t or 3.27 percent from last week to 790yuan/t and that of 5500Kcal/kg increased 15 yuna/t to 885 yuan/t, data showed.
And, the price of Shenmu slack with calorific value of 6000Kcal/kg was 955 yuan/t at Ningbo port and that of 6500Kcal/kg was 1200 yuan/t.
The increasing demand for coal from downstream would relieve the slack supply and demand of coal market.
As of Mar 17, Guangzhou port had 2.31 million tonnes coal in stock.
Monday, March 7, 2011
QHD port rail coal supply rises last week
Mar 7, 2011
Coal transported via railway to Qinhuangdao port, China’s top loading port of the fuel, started rising in the week from Feb 28 to Mar 6, after declining for three consecutive weeks, according to a report published by Qinhuangdao Seaborne Coal Market.
During the week, coal haulage to the port was an increase of 6.55 percent compared to last week to 4.81 million tonnes, averaging 687,700 tonnes per day, said the report.
Data showed Qinhuangdao port handled a total of 4.51 million tonnes coal last week, and daily 644,000 tonnes coal was shipped, surging 20.4 percent from a week ago.
An average of 168 vessels waited off the port for loading each day, growing 7.7 percent from a week before, showed data.
Last week, coal inventory at the port, once the highest 8.48 million tonnes on Mar 1 since 2011, averaged 8.42 million tonnes per day. As of Mar 6, Qinhuangdao port had 8.39 million tonnes coal in stock.(sourced:en.sxcoal)
During the week, coal haulage to the port was an increase of 6.55 percent compared to last week to 4.81 million tonnes, averaging 687,700 tonnes per day, said the report.
Data showed Qinhuangdao port handled a total of 4.51 million tonnes coal last week, and daily 644,000 tonnes coal was shipped, surging 20.4 percent from a week ago.
An average of 168 vessels waited off the port for loading each day, growing 7.7 percent from a week before, showed data.
Last week, coal inventory at the port, once the highest 8.48 million tonnes on Mar 1 since 2011, averaged 8.42 million tonnes per day. As of Mar 6, Qinhuangdao port had 8.39 million tonnes coal in stock.(sourced:en.sxcoal)
Saturday, February 26, 2011
North China ports see coal stocks up 10.18 pct
Feb 26,2011
Coal stockpiles at four major loading ports in northern China slightly surged 10.18 percent in the week from Feb 18 to 27, according to a report published by industry portal cqcoal.com.
As of Feb 27, a total of 16.24 million tonnes coal was stockpiled in ports of Qinhuangdao, SDIC Caofeidian, Jingtang and Tianjin ports, increasing 1.5 million tonnes from a week ago.
Qinhuangdao, China’s top loading port of the fuel, had 8.26 million tonnes coal in stock on Feb 27, jumping 11.33 percent or 841,000 tonnes from the previous week, data showed.
Meanwhile, coal stocks at ports of SDIC Caofeidian, Jingtang and Tianjin grew 5.77 percent, 16.87 percent and 6.08 percent to 2.38 million, 3.74 million and 1.86 million tonnes respectively, an increase of 130,000, 540,000 and 107,000 tonnes from a week ago, according to statistics.
Navigation at Qinhuangdao and Jingtang ports was closed for 47 and nearly 54 hours, 40 hours each for Caofeidian and Tianjin ports. Meanwhile, coal handled at these ports plunged.
(China Coal Resource, en.sxcoal)
As of Feb 27, a total of 16.24 million tonnes coal was stockpiled in ports of Qinhuangdao, SDIC Caofeidian, Jingtang and Tianjin ports, increasing 1.5 million tonnes from a week ago.
Qinhuangdao, China’s top loading port of the fuel, had 8.26 million tonnes coal in stock on Feb 27, jumping 11.33 percent or 841,000 tonnes from the previous week, data showed.
Meanwhile, coal stocks at ports of SDIC Caofeidian, Jingtang and Tianjin grew 5.77 percent, 16.87 percent and 6.08 percent to 2.38 million, 3.74 million and 1.86 million tonnes respectively, an increase of 130,000, 540,000 and 107,000 tonnes from a week ago, according to statistics.
Navigation at Qinhuangdao and Jingtang ports was closed for 47 and nearly 54 hours, 40 hours each for Caofeidian and Tianjin ports. Meanwhile, coal handled at these ports plunged.
Saturday, February 19, 2011
North China ports see coal stocks down 0.88 pct
Feb 18,2011
Coal stockpiles at four major loading ports in northern China slightly decreased 0.88 percent in the week from Feb 11 to 17, according to a report published by industry portal cqcoal.com.
As of Feb 17, a total of 14.74 million tonnes coal was stockpiled in ports of Qinhuangdao, SDIC Caofeidian, Jingtang and Tianjin, dropping 132,000 tonnes from a week ago.
Qinhuangdao, China’s top loading port of the fuel, had 7.38 million tonnes coal in stock on Feb 17, up 2.92 percent or 227,000 tonnes from the previous week, data showed.
Meanwhile, coal stocks at ports of SDIC Caofeidian and Jingtang grew 4.67 percent and 4.93 percent to 2.24 million and 3.19 million tonnes respectively, an increase of 100,000 and 150,000 tonnes, while that at Tianjin port declined 8.02 percent or 155,000 tonnes from a week ago to 1.78 million tonnes, according to statistics.
Coal shippers were active to transport power generating coal to secure power supply in southern China during the Spring Festival
Meanwhile, downstream main power plants sent more vessels to ports to load coal, primarily in-plan power coal, to replenish their stocks.
(sourced:en.sxcoal.com)
Coal stockpiles at four major loading ports in northern China slightly decreased 0.88 percent in the week from Feb 11 to 17, according to a report published by industry portal cqcoal.com.
As of Feb 17, a total of 14.74 million tonnes coal was stockpiled in ports of Qinhuangdao, SDIC Caofeidian, Jingtang and Tianjin, dropping 132,000 tonnes from a week ago.
Qinhuangdao, China’s top loading port of the fuel, had 7.38 million tonnes coal in stock on Feb 17, up 2.92 percent or 227,000 tonnes from the previous week, data showed.
Meanwhile, coal stocks at ports of SDIC Caofeidian and Jingtang grew 4.67 percent and 4.93 percent to 2.24 million and 3.19 million tonnes respectively, an increase of 100,000 and 150,000 tonnes, while that at Tianjin port declined 8.02 percent or 155,000 tonnes from a week ago to 1.78 million tonnes, according to statistics.
Coal shippers were active to transport power generating coal to secure power supply in southern China during the Spring Festival
Meanwhile, downstream main power plants sent more vessels to ports to load coal, primarily in-plan power coal, to replenish their stocks.
(sourced:en.sxcoal.com)
Sunday, February 13, 2011
China’s key power plants held 56Mt coal stocks
Feb 11, 2011
Coal stockpiled at China’s key power plants amounted to 55.9 million tonnes as of Feb 8, enough for the use of 16 days, the National Development and Reform Commission (NDRC) revealed at its website on Feb 10.
Key power plants in Hebei, Henan, Shanxi, and Shandong, impacted badly by draught, held coal stocks of 2.24 million, 2.33 million, 2.94 million and 5.58 million tonnes respectively, sufficient for the use of 16, 10, 17, and 19 days, the commission said.
Qinhuangdao port, China’s top transferring port of the fuel, had coal stock of 7.73 million tonnes on Feb 8, growing 14 percent from Feb 1, it added.
During the Spring Festival, China’s railway authorities loaded 87,800 rail cars coal each day on average, jumping 8.7 percent on year, of which 47,500 rail cars were power coal, reflecting a year-on-year rise of 19.4 percent, the NDRC said earlier.
Meanwhile, coal transported to main power plants under China Southern Power Grid averaged 367,000 tonnes coal each day, against daily consumption of 311,000 tonnes, the grid operator said on Feb 11.
The coal-fired power plants in five provinces of southern China have 15.05 million tonnes coal in stock, enough for use of 19.2 days on the basis of maximal generating capacity, it added.
(sourced:en.sxcoal)
Coal stockpiled at China’s key power plants amounted to 55.9 million tonnes as of Feb 8, enough for the use of 16 days, the National Development and Reform Commission (NDRC) revealed at its website on Feb 10.
Key power plants in Hebei, Henan, Shanxi, and Shandong, impacted badly by draught, held coal stocks of 2.24 million, 2.33 million, 2.94 million and 5.58 million tonnes respectively, sufficient for the use of 16, 10, 17, and 19 days, the commission said.
Qinhuangdao port, China’s top transferring port of the fuel, had coal stock of 7.73 million tonnes on Feb 8, growing 14 percent from Feb 1, it added.
During the Spring Festival, China’s railway authorities loaded 87,800 rail cars coal each day on average, jumping 8.7 percent on year, of which 47,500 rail cars were power coal, reflecting a year-on-year rise of 19.4 percent, the NDRC said earlier.
Meanwhile, coal transported to main power plants under China Southern Power Grid averaged 367,000 tonnes coal each day, against daily consumption of 311,000 tonnes, the grid operator said on Feb 11.
The coal-fired power plants in five provinces of southern China have 15.05 million tonnes coal in stock, enough for use of 19.2 days on the basis of maximal generating capacity, it added.
(sourced:en.sxcoal)
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