China Coal Import and Export "affect" international prices
Monthly exports of heavy volume of coal is mainly affected by rising international coal prices and the possible impact of reduction of export quotas, while China Coal Import and Export Situation in turn impact on international prices.
Monthly export volume is high China's General Administration of Customs recently released trade data, June 2008, China exported a record 6.99 million tons of coal a new high, a substantial increase over the same period previous year of 83%.
According to statistics, the first half of this year, 25.49 million tons of coal were exported, up 10.2% over the same period the previous year, and now, 5 months ago the export volume was down 4.1% year on year; export amount from last year's 1.35 billion U.S. dollars rose to 2.49 billion U.S. dollars, up 83.8%.
Many analysts have said the coal industry, coal exports in June surged mainly driven by the surge in international coal prices. According to data provided by Coal Marketing Association, Australia Newcastle Port thermal coal shipments FOB prices last week reached 192 U.S. dollars / ton, more than 21 dollars a week before the ascent / ton.
Calculated according to customs import and export data, China's coal export in June this year, the average price reached 115.9 U.S. dollars / ton, the same period the previous year to 58 U.S. dollars / ton nearly doubled. First half of the average export price was 97.6 U.S. dollars / ton, up 66.7% over the same period the previous year.
Period, domestic coal prices also rose, 7 July 6000 heat Qinhuangdao Port kcal / kg mixed tax Che Banjia Datong You have reached the 950-970 yuan / ton, settlement price is a whopping 980 -1 000 yuan / ton. Nevertheless, the international and domestic coal price gap remains large, whereas the domestic coal price is also affected by policy restrictions, allowing the export of coal enterprises motivated.
"6 month focused on a large number of export may be reduced with the previous rumors of export quotas also have relationships." One of the coal industry told reporters. Earlier this month, foreign news agencies have quoted the China Coal Transportation Association, the expression of a person, said China may cut coal export quota this year to ensure sufficient domestic supply.
Recent years, China adopted a policy of tightening the export of coal, coal export quotas year by year. In 2003, China's coal export quota once reached 100 million tons, in 2004-2006 three years, the coal export quota has been steady at 80 million tons, down to 70 million tons in 2007. The first half of this year, the National Development and Reform Commission released its first batch of export quota of 31.8 million tons, the second batch of coal export quota has not been announced.
Exports and imports affect the international prices
Customs to disclose information also showed that the first half of this year, China imported a total of 21.55 million tons of coal, down 20.4%, imports average price of 66.9 U.S. dollars / ton, up 43.7% year on year. In the first half of China's coal import and export market is still showing a net export situation, the total net export 3.94 million tons of coal. According to statistics, the first 5 months of this year, China's net imports of coal accumulated 300,000 tons.
Huang Teng international coal trade experts believe that China's coal import and export situation will have an impact on the international market price. According to reports, the international market, trade at 8 million tons of coal, generally 500-six million tons of trade will lead to price volatility, and this quantity for the Chinese more than 2 billion tons of coal production and demand is in terms of small.
"China's domestic prices lower than international market prices, the international market is relatively flat; once prices exceed international prices in China, many domestic consumer business will go to the international market purchases. Millions of tons of capacity is nothing for China But this is enough to push up international prices. so the international attention on China's domestic coal prices are also now asked the international coal traders in China than the asking price of more than international prices, because they have to consider these two contrast relationship. "
"Round up the price of coal has been from the international and domestic spiral round of unilateral action evolved into rising trend comparisons with each other." According to Ping An Securities analyst Chen Liang introduction, the current round of rising coal prices start at home, followed by Australia coal costs. To May after the price of coal and domestic coal prices in Australia a "go hand in hand" situation.
United Securities analyst Roles in that, while further increase in domestic and international coal price difference, but it does not simply infer a further substantial increase in domestic coal prices to catch up with international prices. "We continue to believe that the domestic price movements ultimately depend on the domestic coal supply and demand situation."
Huang Teng believes that the international coal prices for domestic coal prices set a dynamic limit. "Domestic coal prices is not unlimited, if the domestic price exceeds the sum of the import price and freight, domestic users will choose Import. Imports a zoom, the domestic price of coal will continue to be pressure, as is the domestic price set a limit. "
I am an expert from China Crafts Suppliers, usually analyzes all kind of industries situation, such as automobile sunshades , retractable rear sunshade.
Processing your request, Please wait....
