Treasure Island: Coal prices start to fall

The recent rapid recovery of the domestic coal market, the frequent concentration of mine price adjustments, and the smallness of the steel plant's winter storage mentality, have significantly strained the market supply and demand. Shanxi Luliang raw coal prices have now risen to 800 yuan / ton, Shandong Yankuang 1/3 coking coal is also quoted at 1370 yuan / ton.

Jin Jiuyin is the peak season for the energy market. Major mines are rushing to expand production, which leads to a slight oversight of safety work and frequent mine accidents. Coal resources are getting less and less. For example, the security inspection work in Guizhou has just come to an end, and the Qitaihe mine disaster has occurred one after another. This makes it impossible for the two places where resources are in short supply to rely on long-distance purchases.

Second, Henan Provincial People's Government Yu Zheng [2011] No. 54 document has been issued, the coal price adjustment **, raw coal 20 yuan / ton, washing coal 30 yuan / ton, coke 35 yuan / ton, retail investors can own The amount of money is good or bad. Hunan also issued similar news. For the long-term peace in Central and South China, the cost of coal coke rises rapidly and the sales direction becomes the current point of doubt.

Third, the Datong-Qinhuangdao Line began its fall maintenance on September 1, and wagon stress will be the major disrupting factor in the fall coal market.遂 In mid-August, the Ministry of Railways held a meeting to promote the railway transportation of coal and other energy products in the later part of the year. However, in the relatively concentrated demand market in September and October, it will only unilaterally push up the offer in the coal market again.

Fourth, the report revealed that at present, the National Energy Administration is taking the lead in studying the establishment of a total energy consumption control system, “in order to form a total energy consumption mechanism and to curb the excessive growth of high-energy-consuming industries.” The report proposes that the next step will be to expedite the implementation of early warning and control over areas where energy consumption has grown too fast. This is a warning to the speculation of coal prices in northern China's coal concentration areas. It also indicates that the market coal may also take a policy-oriented path.

Fifth, there was news on the external disk that Anglo American Coking Coal Co., Ltd., an Australian coking coal supplier, had reached an agreement with South Korea’s Posco, and the coking coal contract price in the fourth quarter fell by more than 10% from the previous quarter. Anglo American, Queensland-based German Creek premium hard coking coal in the fourth quarter contract price of 285 US dollars / ton (FOBT), compared with the previous quarter, 315 US dollars / ton down 10.5%. This, on the other hand, also leaves the domestic coking coal market with a crisis of overwhelming heights, and will also promote the speed at which the existing coal market can be sold and traded.

In summary, although the domestic coking coal market is highly gifted, the sense of crisis should still exist at all times. In the case where market coal prices cannot be regulated, the policy role may appear.