Friday, July 10, 2009

China Coal Prices Showing Little Movement

1. Thermal coal price

Last week in Datong, Shanxi, the price of thermal coal with 6,000 calories per kilogram dropped by CNY 15 per tonne; in Yanzhou the price of mixed coal declined by CNY 25 per tonne while thermal coal price remained stable in other areas.

At Qinhuangdao port, China's largest coal port, the coal price continued to drop. Last week, the exit price of high grade mixed coal from Shanxi, that from Datong and mixed coal from Shanxi dropped by CNY 2.50 per tonne, CNY 2.50 per tonne and CNY 5 per tonne respectively. At China's Guangzhou port, mixed coal with 6,000 calorie per kilogram from Shanxi edged down by CNY 20 per tonne ending the flat state in April. The price of imported coal remained stable.

2. International coal price

On July 2nd the spot coal price from BJ in Australia edged up by USD 0.45 per tonne from last week. On July 6th, ARA port in Europe and Richards Bay Port in South Africa witnessed thermal coal price rising by USD 6.83 per tonne and USD 2.13 per tonne.

3. Anthracite price

The price of anthracite with small lumps remained the same as last week on July 6th and that with medium lumps and the price of burgy went down by CNY 50 per tonne and CNY 35 per tonne respectively. In Quanyang, anthracite with medium lumps and small slumps dropped by CNY 30 per tonne and CNY 20 per tonne respectively.

4. Coking coal price

Last week the price of coking coal in China remained basically the same as last week.

5. Coal price

On July 6th in Guizhou province, coke price continued to rise, and third grade metallurgical coke stayed at CNY 1,300 per tonne up by CNY 100 per tonne from last week, and up by CNY 200 per tonne from the week before last week. In other areas, coke price had remained stable after previous edging-ups.

Source: Steel Guru

No comments: