Qinhuangdao Coal Coal News released on the 20th, said that the domestic raw coal prices (pit price) continue to increase, rising for 8 weeks. At the same time, the price of steam coal in the Bohai Sea (port price) fell for three consecutive weeks. Experts pointed out that the narrowing of the spread between coal at port and port and coal has reduced the profit space of middlemen. The successive reorganization of resources in major coal provinces may be the main reason for the rise in raw coal prices.
Data from the China Shipping Coal Net Index Center shows that domestic raw coal prices rose by 0.9% on a week-to-week basis, which again expanded from the 0.5% increase in the previous week. Domestic raw coal prices have been rising for eight consecutive weeks since May 25. The biggest increase since that time was 1.2%. Domestic raw coal prices have risen significantly, up 4% from the middle of May.
At the same time, as the largest coal transit port in China, Qinhuangdao Port has always been considered by the market as the industry's wind indicator. This time, the price of coal in the port has dropped by RMB 5/ton. The latest average price of the Bohai-Renking thermal coal price index was 837 yuan/ton, down 3 yuan/ton or 4% from the previous week. This is also the index fell for the third consecutive week.
An analyst from the Qinhuangdao Maritime Coal Trading Market told the “First Financial Daily†that the raw coal is produced from coal mines that have not been washed and processed. The price is the price of the coal pit; and the processed coal is shipped to Qinhuangdao, etc. The price after transfer to the port is the port price, which is mainly the thermal coal price. The change in port coal price will generally delay the transmission of coal prices in pits. However, this will undoubtedly reduce the profit margins of intermediaries between the pits and ports and increase their risk.
“In the past, the law of price increase for coal was that the port price must have risen faster than the price at the pit entrance, but now the situation has changed. The port is falling, and the pit does not fall or rise, so the middlemen are cheaper to ship and they are more expensive to purchase.†The analyst explained.
Li Chaolin, a senior expert of the China Coal Transportation and Marketing Association, also told this newspaper that brokers who had previously accumulated large amounts of coal as a result of soaring thermal coal prices have now stopped Yancoal, because if the price gap narrows, the middlemen may lose money.
A person in one of the fuel groups of one of the five major power generation groups told the newspaper that coal purchased by the power plant from Qinhuangdao Port will be shipped directly to the ship. The space for middlemen to operate is very small, so the profit space of the latter mainly lies in the coal mines. Port land transport process. With the reorganization of resources in major coal resources provinces, the degree of industrial concentration in the provinces has greatly increased, and the bargaining power of middlemen has also been relatively weakened. Therefore, as the demand for coastal thermal coal is in the doldrums, the supply of coal mines will become more concentrated and the interests will be damaged first.
Data from the China Shipping Coal Net Index Center shows that domestic raw coal prices rose by 0.9% on a week-to-week basis, which again expanded from the 0.5% increase in the previous week. Domestic raw coal prices have been rising for eight consecutive weeks since May 25. The biggest increase since that time was 1.2%. Domestic raw coal prices have risen significantly, up 4% from the middle of May.
At the same time, as the largest coal transit port in China, Qinhuangdao Port has always been considered by the market as the industry's wind indicator. This time, the price of coal in the port has dropped by RMB 5/ton. The latest average price of the Bohai-Renking thermal coal price index was 837 yuan/ton, down 3 yuan/ton or 4% from the previous week. This is also the index fell for the third consecutive week.
An analyst from the Qinhuangdao Maritime Coal Trading Market told the “First Financial Daily†that the raw coal is produced from coal mines that have not been washed and processed. The price is the price of the coal pit; and the processed coal is shipped to Qinhuangdao, etc. The price after transfer to the port is the port price, which is mainly the thermal coal price. The change in port coal price will generally delay the transmission of coal prices in pits. However, this will undoubtedly reduce the profit margins of intermediaries between the pits and ports and increase their risk.
“In the past, the law of price increase for coal was that the port price must have risen faster than the price at the pit entrance, but now the situation has changed. The port is falling, and the pit does not fall or rise, so the middlemen are cheaper to ship and they are more expensive to purchase.†The analyst explained.
Li Chaolin, a senior expert of the China Coal Transportation and Marketing Association, also told this newspaper that brokers who had previously accumulated large amounts of coal as a result of soaring thermal coal prices have now stopped Yancoal, because if the price gap narrows, the middlemen may lose money.
A person in one of the fuel groups of one of the five major power generation groups told the newspaper that coal purchased by the power plant from Qinhuangdao Port will be shipped directly to the ship. The space for middlemen to operate is very small, so the profit space of the latter mainly lies in the coal mines. Port land transport process. With the reorganization of resources in major coal resources provinces, the degree of industrial concentration in the provinces has greatly increased, and the bargaining power of middlemen has also been relatively weakened. Therefore, as the demand for coastal thermal coal is in the doldrums, the supply of coal mines will become more concentrated and the interests will be damaged first.
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