“The core issue next year is the specific degree of declining demand.†A person from the China Coal Industry Association said in an interview with the newspaper yesterday that “the current consensus is to adhere to the three-no policy, that is, the price is lower than the cost, not production, not The supply contract does not send coal, and the recovery of the payment is not timely without coal."
In the week just passed, the coal price for the 5500 kcal coal in Qinhuangdao Port fell by about 18%, which was the largest single drop in coal prices since the beginning of the year.
In an internal coordination meeting convened by the National Energy Administration in early November, there was news that the new coal production capacity was released from 2009 to 2010. The whole industry is facing a surplus, and it is expected that the total social coal inventory will increase by another 30 million to 50 million tons by the end of the year. .
This is undoubtedly bad news for the coal industry.
Yesterday, the data provided by Qinhuangdao Port Group to this newspaper showed that the closing price of 6000 Datong Shanxi Datong high-grade mixed coal was 680~700 yuan/ton, and 5500 kcal of Shanxi high-grade coal 570~590 yuan/ton; and in this month 20 On the day, the 6,000 kcal Datong high-grade coal blending price was 780~820 yuan/ton, and the 5500 kcal Shanxi high-grade coal blending price was 700~720 yuan/ton, which was a lot lower than the previous year. The latest data disclosed by the China Logistics Information Center also stated that coal supply and demand in October slightly exceeded supply, and prices continued to drop at high levels.
In the internal coordination meeting of the National Energy Administration in early November, the relevant person in charge of the China Coal Transportation and Marketing Association once stated that in the end of October, the downstream market was poorly digested, coal inventories all moved online, and Shanxi coal mine stocks increased. The price of Shangzhan Coal (referred to coal shipped to the port without sea freight) fell below the national limit price, and the spot price of the port fell below the limit price across the board.
According to CEC statistics, from January to October, coal-fired power plants used 600 million tons of coal, which accounted for about half of the national coal used for power generation. And as of the current power generation companies, 47 million tons of coal is available for 23 days.
At present, many thermal coal coal stocks are full, a high-level Huainan Mining, said winter storage coal sales season is not very busy this year. A senior executive of Zheng Coal Group also believes that the market coal price is higher than non-electricity coal, non-electric coal is higher than electricity coal, and the province's coal is higher than the province's electricity coal. In Shanxi, “from September onwards, the situation has changed dramatically. The volume of transfer from January to September has decreased year-on-year. In October and August, the number of daily loaded vehicles has decreased by 3,000 vehicles.†An official from the Shanxi Coal Industry Bureau said, “ It now appears that the amount raised this year will only increase by 30 million to 40 million tons.†The official even compared the situation in the next year with that in 1998 and said: “In 1998, the volume of negative growth of 30 million tons will be adjusted, and coal demand will be met next year. Not sure, metallurgical coal is estimated to be negative growth. The overall decline in coal consumption next year is a foregone conclusion."
A senior executive from Shenhua also stated that the contradiction between tight supply and demand will cease to exist in the next year, with slight increase and demand, but high-quality coal will still maintain its best-selling trend, and low-quality coal below 5,000 kcal will face sales pressure.
“The core issue next year is the specific degree of declining demand.†A person from the China Coal Industry Association said in an interview with the newspaper yesterday that “the current consensus is to adhere to the three-no policy, that is, the price is lower than the cost, not production, not The supply contract does not send coal, and the recovery of the payment is not timely without coal."
On the 26th, the Henan Provincial Government issued a notice that all 300,000 tons of coal mines in the province will be suspended from production and rectification. The Coal Industry Bureau of Shandong Province had previously requested that all 26 small-scale coal mines under 90,000 tons that were included in the closed plan be closed before the end of this month. All the coal mines will be shut down before 2010, and the annual production of 300,000 tons or less will be suspended. In the new coal mine project, coal production will be controlled within 150 million tons. After the Shanxi mine accident occurred in the previous section, the size of the coal mine has been shut down.
“Right now it is unclear whether other local governments are willing to follow up further. As local governments have reached a consensus, it is possible for coal prices to stabilize,†said Huainan Mining’s top executive.
In the week just passed, the coal price for the 5500 kcal coal in Qinhuangdao Port fell by about 18%, which was the largest single drop in coal prices since the beginning of the year.
In an internal coordination meeting convened by the National Energy Administration in early November, there was news that the new coal production capacity was released from 2009 to 2010. The whole industry is facing a surplus, and it is expected that the total social coal inventory will increase by another 30 million to 50 million tons by the end of the year. .
This is undoubtedly bad news for the coal industry.
Yesterday, the data provided by Qinhuangdao Port Group to this newspaper showed that the closing price of 6000 Datong Shanxi Datong high-grade mixed coal was 680~700 yuan/ton, and 5500 kcal of Shanxi high-grade coal 570~590 yuan/ton; and in this month 20 On the day, the 6,000 kcal Datong high-grade coal blending price was 780~820 yuan/ton, and the 5500 kcal Shanxi high-grade coal blending price was 700~720 yuan/ton, which was a lot lower than the previous year. The latest data disclosed by the China Logistics Information Center also stated that coal supply and demand in October slightly exceeded supply, and prices continued to drop at high levels.
In the internal coordination meeting of the National Energy Administration in early November, the relevant person in charge of the China Coal Transportation and Marketing Association once stated that in the end of October, the downstream market was poorly digested, coal inventories all moved online, and Shanxi coal mine stocks increased. The price of Shangzhan Coal (referred to coal shipped to the port without sea freight) fell below the national limit price, and the spot price of the port fell below the limit price across the board.
According to CEC statistics, from January to October, coal-fired power plants used 600 million tons of coal, which accounted for about half of the national coal used for power generation. And as of the current power generation companies, 47 million tons of coal is available for 23 days.
At present, many thermal coal coal stocks are full, a high-level Huainan Mining, said winter storage coal sales season is not very busy this year. A senior executive of Zheng Coal Group also believes that the market coal price is higher than non-electricity coal, non-electric coal is higher than electricity coal, and the province's coal is higher than the province's electricity coal. In Shanxi, “from September onwards, the situation has changed dramatically. The volume of transfer from January to September has decreased year-on-year. In October and August, the number of daily loaded vehicles has decreased by 3,000 vehicles.†An official from the Shanxi Coal Industry Bureau said, “ It now appears that the amount raised this year will only increase by 30 million to 40 million tons.†The official even compared the situation in the next year with that in 1998 and said: “In 1998, the volume of negative growth of 30 million tons will be adjusted, and coal demand will be met next year. Not sure, metallurgical coal is estimated to be negative growth. The overall decline in coal consumption next year is a foregone conclusion."
A senior executive from Shenhua also stated that the contradiction between tight supply and demand will cease to exist in the next year, with slight increase and demand, but high-quality coal will still maintain its best-selling trend, and low-quality coal below 5,000 kcal will face sales pressure.
“The core issue next year is the specific degree of declining demand.†A person from the China Coal Industry Association said in an interview with the newspaper yesterday that “the current consensus is to adhere to the three-no policy, that is, the price is lower than the cost, not production, not The supply contract does not send coal, and the recovery of the payment is not timely without coal."
On the 26th, the Henan Provincial Government issued a notice that all 300,000 tons of coal mines in the province will be suspended from production and rectification. The Coal Industry Bureau of Shandong Province had previously requested that all 26 small-scale coal mines under 90,000 tons that were included in the closed plan be closed before the end of this month. All the coal mines will be shut down before 2010, and the annual production of 300,000 tons or less will be suspended. In the new coal mine project, coal production will be controlled within 150 million tons. After the Shanxi mine accident occurred in the previous section, the size of the coal mine has been shut down.
“Right now it is unclear whether other local governments are willing to follow up further. As local governments have reached a consensus, it is possible for coal prices to stabilize,†said Huainan Mining’s top executive.
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