Coal imports hit a record high in September
2018-07-24 22:00:24
In September of this year, China’s imported coal volume hit a new monthly high of 191.2 million tons, an increase of 2.53 million tons from 16.59 million tons in August, an increase of 15.25%, an increase of 3.8 million tons, an increase of 24.8% over 15.32 million tons in the same period last year . According to industry analysts, the increase in coal imports will create a certain pressure on domestic coal prices, which will benefit the stability of coal prices in winter, and will also form a certain support for coal prices in the international market.
Import volume reached a single month high In September of this year, China imported 19.12 million tons of coal, not only creating a monthly high of this year's number, but also hitting a record high for imported coal in China.
According to Wind data, before May 2009, China’s monthly coal imports have been under 10 million tons. In June 2009, imports exceeded 10 million tons, reaching 16.07 million tons, and continued to fluctuate. 2011 September exceeded 19 million tons. In contrast, the number of coal exports has continued to decrease. In September 2011, it only exported 1.21 million tons, while in September 2003 it exceeded 10 million tons.
Judging by the cumulative amount, from January to September this year, China imported a total of 123.43 million tons of coal, an increase of 9.92% over the 104.39 million tons in January-August this year. From January to September this year, only 12.12 million tons of coal were exported. That is to say, in the first nine months of this year, China's net import of coal was 111.31 million tons, which was a year-on-year increase of 4.24% in the first nine months of 2010.
Changes in coal prices at home and abroad do not coincide with the large changes in the number of coal imports and exports in China. The main reason is that as China’s economic development and people’s living standards increase, the demand for energy consumption continues to increase, and domestic coal prices have risen sharply. Although the coal price in the international market has also risen sharply, it is often not synchronized with domestic prices, providing opportunities for domestic imports.
Since the beginning of this year, the price of thermal coal in China has continued to fluctuate upward. At present, the closing price of Shanxi Excellent Mixing in Qinhuangdao Port has reached 855 yuan per ton, and the price of Guangzhou Hong Kong (5500 per cent) in Guangzhou Port is 975 yuan per ton. In Indonesia, the taxable price for the 5,500 kcal thermal coal in the Guangzhou port is currently 840 yuan per ton. For the southeastern coastal areas of China, there is no essential difference between transporting coal from Qinhuangdao port and from Southeast Asia such as Indonesia. The key is to compare the market price of coal with the cost of shipping plus other charges. With the current price right, import Coal has become an inevitable choice in these areas.
Before 2008, China had been a net exporter of coal. In 2008, China’s net coal export volume was 5.03 million tons (in 2007, net exports were 2.15 million tons). In 2009, there was a fundamental change in the status of imports and exports. China has changed from a net coal exporter to a net importer. In 2009, net imports reached 103.43 million tons. In 2010, China’s net imports increased to 145.575 million tons. The net import volume in the first nine months of this year was 111.31 million tons, and it is expected that it will exceed 2010 in the whole year.
Coal prices in favorable stable and stable seasons China's coal imports have increased. On the one hand, it will form a certain support for the international coal market prices, and international coal prices will likely stabilize. On the other hand, domestic coal prices will be subject to certain pressure and will be stable. Coal season coal prices.
Since late September, the price of thermal coal in Qinhuangdao Port has increased. Except for the influence of the Daqin Line's overhaul on certain transport capacity, the increase in the demand for coal during peak season is an important factor, including coal preparation for thermal power plants and coal preparation for winter heating in the north. Currently, due to the uncertain international economic situation and the turbulence in international oil prices, international coal prices are unlikely to rise significantly in the short term and are likely to fluctuate at current prices. Therefore, the number of imported coal is not expected to decrease significantly. The existence of a large number of imported coal is one of the important factors affecting the coal price changes during the peak season this year, which will, to a certain extent, put pressure on the rise of coal prices.
From the perspective of the future, the situation in which China becomes a net importer of coal is difficult to reverse, and it is likely to be a steadily increasing trend. The reason is still the sustained development of China’s economy and the improvement of the people’s living standards. The demand for energy, including coal, has increased. Although China's domestic supply is still and will continue to be the main force for meeting China's coal demand, due to the large scale of China's economy, the supply and demand of coal is unevenly distributed in the region, and the import of some coal is necessary. Of course, the amount of imports depends mainly on the changes and contrasts between local domestic prices and international prices at that time.
Import volume reached a single month high In September of this year, China imported 19.12 million tons of coal, not only creating a monthly high of this year's number, but also hitting a record high for imported coal in China.
According to Wind data, before May 2009, China’s monthly coal imports have been under 10 million tons. In June 2009, imports exceeded 10 million tons, reaching 16.07 million tons, and continued to fluctuate. 2011 September exceeded 19 million tons. In contrast, the number of coal exports has continued to decrease. In September 2011, it only exported 1.21 million tons, while in September 2003 it exceeded 10 million tons.
Judging by the cumulative amount, from January to September this year, China imported a total of 123.43 million tons of coal, an increase of 9.92% over the 104.39 million tons in January-August this year. From January to September this year, only 12.12 million tons of coal were exported. That is to say, in the first nine months of this year, China's net import of coal was 111.31 million tons, which was a year-on-year increase of 4.24% in the first nine months of 2010.
Changes in coal prices at home and abroad do not coincide with the large changes in the number of coal imports and exports in China. The main reason is that as China’s economic development and people’s living standards increase, the demand for energy consumption continues to increase, and domestic coal prices have risen sharply. Although the coal price in the international market has also risen sharply, it is often not synchronized with domestic prices, providing opportunities for domestic imports.
Since the beginning of this year, the price of thermal coal in China has continued to fluctuate upward. At present, the closing price of Shanxi Excellent Mixing in Qinhuangdao Port has reached 855 yuan per ton, and the price of Guangzhou Hong Kong (5500 per cent) in Guangzhou Port is 975 yuan per ton. In Indonesia, the taxable price for the 5,500 kcal thermal coal in the Guangzhou port is currently 840 yuan per ton. For the southeastern coastal areas of China, there is no essential difference between transporting coal from Qinhuangdao port and from Southeast Asia such as Indonesia. The key is to compare the market price of coal with the cost of shipping plus other charges. With the current price right, import Coal has become an inevitable choice in these areas.
Before 2008, China had been a net exporter of coal. In 2008, China’s net coal export volume was 5.03 million tons (in 2007, net exports were 2.15 million tons). In 2009, there was a fundamental change in the status of imports and exports. China has changed from a net coal exporter to a net importer. In 2009, net imports reached 103.43 million tons. In 2010, China’s net imports increased to 145.575 million tons. The net import volume in the first nine months of this year was 111.31 million tons, and it is expected that it will exceed 2010 in the whole year.
Coal prices in favorable stable and stable seasons China's coal imports have increased. On the one hand, it will form a certain support for the international coal market prices, and international coal prices will likely stabilize. On the other hand, domestic coal prices will be subject to certain pressure and will be stable. Coal season coal prices.
Since late September, the price of thermal coal in Qinhuangdao Port has increased. Except for the influence of the Daqin Line's overhaul on certain transport capacity, the increase in the demand for coal during peak season is an important factor, including coal preparation for thermal power plants and coal preparation for winter heating in the north. Currently, due to the uncertain international economic situation and the turbulence in international oil prices, international coal prices are unlikely to rise significantly in the short term and are likely to fluctuate at current prices. Therefore, the number of imported coal is not expected to decrease significantly. The existence of a large number of imported coal is one of the important factors affecting the coal price changes during the peak season this year, which will, to a certain extent, put pressure on the rise of coal prices.
From the perspective of the future, the situation in which China becomes a net importer of coal is difficult to reverse, and it is likely to be a steadily increasing trend. The reason is still the sustained development of China’s economy and the improvement of the people’s living standards. The demand for energy, including coal, has increased. Although China's domestic supply is still and will continue to be the main force for meeting China's coal demand, due to the large scale of China's economy, the supply and demand of coal is unevenly distributed in the region, and the import of some coal is necessary. Of course, the amount of imports depends mainly on the changes and contrasts between local domestic prices and international prices at that time.
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