Komatsu Electrical Parts,Komatsu Forklift Parts,Excavator Electrical Parts,Quality Komatsu Electrical Parts JINING SHANTE SONGZHENG CONSTRUCTION MACHINERY CO.LTD , https://www.huaxinbrush.com
Two years ago, the five major power generation groups said that they would increase the procurement of imported coal. The move was understood by the industry as a bargaining chip thrown by the five major power generation groups, hoping to reduce the price of key contract coal. Starting today (January 5), the 2011 coal contract summary meeting will be held. The recent heavy rain in Australia has washed away this chip.
After the National Development and Reform Commission issued a "limit order", the heads of several major power generation groups were greeted not to talk to the media about "electric coal contracts." Coal enterprises said that the key contract coal price will still rise, and there is more news that the increase is 30~50 yuan/ton.
Australia's big water pushes up international coal prices
Affected by the weather phenomenon of “La Ninaâ€, the northeastern part of Australia has experienced heavy rains in the last two weeks. The disaster situation in some parts of Queensland, the world's largest seaborne coal export base, is quite serious, and the floods have caused the mines to close. According to reports, almost all coal mines were closed due to flooding, and even if coking coal was transported to the port, it was difficult to pack because it was too wet. Australian officials said Queensland will remain flooded in the coming week and that coking coal transportation is expected to continue.
Shenyin Wanguo said that coal production in Queensland accounted for about one-third of Australia's total production. As the world's largest coal exporter, the reduction in coal supply caused by this flood in Australia will affect the price of international coal, especially international coking coal.
Affected by the flood, Australia's benchmark price of coking coal in the first quarter of this year was about $225/ton, the second highest in history. Economists expect high-quality coking coal prices to rise to $250/ton in the second quarter.
Li Ting, a coal-flowing coal analyst who has tracked the coal market for many years, said that Queensland's production and exports were blocked. In addition to pushing up its own coal prices, it will affect the coal export prices of neighboring countries such as Indonesia to some extent.
With the floods in Australia and the freezing of Europe, international coal prices have risen for five consecutive weeks since the beginning of December last year.
According to the global coal platform data, on December 31 last year, Australia's Newcastle Port thermal coal price index was 128.5 US dollars / ton, up 22.73 US dollars / ton from the end of November, an increase of 21.49%. The European ARA market thermal coal price index rose by 4.74 US dollars / ton on the basis of 126.31 US dollars / ton last week, an increase of 3.75%.
Wu Jie, an analyst at the Oriental Securities Coal Industry, believes that the international three major thermal coal price indices will rise overall on the last day of 2010 and will have a profound impact on the international coal price trend in 2011.
Five power generation groups have lost their chips
Domestic coking coal enterprises are following international coal prices. Listed companies Xishan Coal and Electricity (000983) and Panjiang (600395) have recently raised their coking coal ex-factory prices in 2011: Xishan Coal and Electricity has raised the ex-factory price of coking coal by 7% to 10%. Panjiang shares Increased by 8%~14%.
In the first half of 2009, the five major power generation groups said that they would increase the procurement of imported coal, which is considered to be the bargaining chip they throw.
According to a senior executive of the five major power generation groups, from 2010, the volume of imported coal has been growing, exceeding 2009. According to estimates by relevant agencies, about 160 million tons of coal were imported in 2010, of which thermal coal and anthracite (all used to generate electricity) accounted for 3/4, and the rest were coking coal.
It is understood that the top five countries in China importing coal are Indonesia, Australia, Vietnam, Mongolia and Russia. Today, Australia's big water has caused the five major power generation groups to lose the bargaining chips mentioned above. Li Ting estimates that, taking the price of December 31 last year as an example, the price of thermal coal in Newcastle, Australia is the same as that of Qinhuangdao Port. At present, most of the coal is imported from coastal power plants. Take Guangzhou as an example, from Newcastle to Guangzhou. The freight rate from Qinhuangdao Port to Guangzhou is higher, and the price of Australian spot thermal coal has lost its appeal.
However, the above-mentioned high-level officials said that importing coal from abroad is higher than domestic coal prices is only a recent matter. "As long as the price is right, coal will be imported." (Zhou Xiaofang)
Coal contract now sums up five major power generation groups to lose "import" chips
A flood in Australia triggered a "butterfly effect", which washed away the bargaining chips of China's five major power generation groups, further increasing the possibility of a sharp increase in key contract coal prices.