China Coal Stocks
China Coal Stocks
Coal Association: 2010, total supply and demand balance mediate tolerance
HC Valve Network: Recently, Hunan, Hubei, Jiangxi and other parts of the emergence of a relatively tight coal supply situation, China Coal Industry Association of the causes of this situation that, with the growth of coal production and transportation capabilities, in addition to short in some areas appears period of tight supply, the next year, China’s coal supply and demand will generally tend to balance.
11 end of the month, the National Social Stock 181.87 million tons of coal, down 3.6% late last month. Emergency coal supply situation was becoming tighter. December 14 -21 period, the national power plant coal consumption 19.6242 million tons, the highest amount for the whole year, while the direct supply power plant coal storage in just 9 days, the lowest for the year.
Tight coal supply in the analysis of the reasons, the Chinese Coal Industry Association Vice President Kang Ji-min said that as the role of the stimulus package is seen, the steady rise of China’s macro-economic situation obviously, there was substantial growth in coal demand trends.
In addition, runoff and the South this year too few to about 30% less water, which causes water to contribute too few. At the same time, our range of seasonal changes in demand for coal increased, especially in recent years coal strength grew each year during the winter situation. Coupled with the economic development of China’s coal resources were reverse distribution, the recent strong winds, cloudy weather affected a large area, resulting in the decline of coal transport.
Kang Ji-min that, although next year there will be short in some areas of China during the coal supply situation, but it will be an overall balance of supply and demand throughout the year. Coal production and supply situation from the point of view, construction of the coal production capacity to continue to maintain a rapid growth rate. From -2 009 in October 2006 the National Coal Mining and Analysis of fixed asset investment, the new building national capacity of 10 million tons, of which nearly 300 million tons next year, new capacity is expected. Coupled with a substantial increase in the coal transportation capacity, coal railway and port construction north faster, coal transport capacity will be increased substantially. In addition, imports of coal will remain increasing trend.
Particular, he pointed out that China’s coal supply capacity is growing emergency, freezing rain and snow from last year’s disaster, the earthquake, and then to Olympics Will, and this year’s 60th anniversary of New China, the country’s coal supply have remained stable, this shows that our emergency response capabilities greatly enhance the security of supply.
Coal prices on the causes, Kang Ji-min that is an important factor driving the demand. According to statistics, high energy-consuming industrial products in November there was a big increase in production, thermal power, steel, building materials, 10 kinds of non-ferrous metal production increased significantly. In addition, coal prices also to cost-push. Recently, electric power, rail transport, steel and other major capital goods prices, coal production costs; while coal enterprises are faced with resource and environment policies incremental factor is also expected to increase business costs.
View of this situation, Kang Ji-min calls, adjust the prices of coal companies to pay attention to the upstream and downstream capacity of enterprises and society, concerned about the overall situation of China’s economic and social development. To ensure safe production in coal mines under the premise of a scientific organization of production, focusing on product quality. He also signed a long-term agreement to encourage coal companies, by country, strengthen the communication between supply and demand and achieve win-win situation.
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