Top Coal Stocks
Top Coal Stocks
A slight rebound in stock prices of coal power plants tend to be stable
From September last year, in January of this year, the first half of Qinhuangdao Port coal market trading prices for five consecutive months to maintain growth momentum in the second half of coal began in January tend to be stable and was recently dropped slightly. At present, the thermal coal market price of 5,500 kcal 790-800 yuan / ton. The author analyzes the main reasons for coal prices tend to be stable are: coastal areas, somewhat eased the tension of coal, power plant coal into the channel of an increase in, users have less panic, therefore, the market price of coal trading loss of room for growth. In this regard, I detailed analysis is as follows:
1. Road, Hong Kong and a long rush to transport, to ease the tensions.
Since last November, particularly in the southeast coast of eastern China after a sharp drop of coal stocks, Shanghai, Zhejiang and other places tight inventories of coal, power plant emergency telegram sent to the northern coal frequently shipped to Hong Kong. To ease the tight electricity supply situation, the NDRC and the Ministry of Transportation Bureau of Economic Operation Regulation of Water Transport Authority on January 14 jointly issued on the rush to transport coal rush to transport in east China’s emergency notice, asking for protection of the backbone of eastern coastal areas, the coal power plant a stable supply to curb stored coal declines. Datong-Qinhuangdao railway line and Qinhuangdao, Tangshan, Tianjin, Hong Kong and other major shipping anxious customers needs, and spare no effort in rush to transport. From January 10 the Ministry of Railways started a 20-day blitz rush to transport coal. During this period, average daily loading coal cars from 40000 to 45000 vehicles, responsible for coal in Shanxi Taiyuan Railway Bureau Sinotrans tasks daily coal shipments amounted to 13.7 thousand car traffic than usual increase of 17%. Qin Hong Kong production of scientific organizations to quantify the decomposition rush to transport tasks, co-ordinate arrangements for loading or unloading ships and vehicles transferred into the program to speed up coal transportation, in January, Qin Hong Kong to the coastal areas more than 18 million tons of coal shipped. Tangshan Jing Tang Hong Kong Port rush to transport coal to take measures to do a good job to work full grasp of the Hong Kong sourcing organizations, to further consolidate and state-owned key coal customer’s business relationships and increase the amount of coal into Hong Kong, in January, Jingtang port of shipment 2.38 million tons of coal. Passing over the road, Hong Kong and fully cooperate to speed up loading and unloading, coal transportation to ease the tension, so that the coal stock in east China showed slow upward trend.
2. A significant increase in imports of coal, to a certain extent, additional inventory.
To increase the number of stocks to ease tensions, coastal power plants and other users to increase coal imports. At present, large coal imports from the previous extension of the Pearl River Delta to the Yangtze River Delta, Jiangsu, Shanghai, Zhejiang and other places have also started importing large quantities of coal. According to Zhejiang to the Group’s business personnel, the Group’s purchases of coal this year amounted to 34 million tons, mainly from the sea, by the integration of domestic coal resources, which are sourced in short supply, as well as the northern port of frequent closed route, reduction of external traffic impact, the Group’s its more than 10 power plants continued to lower the number of stored coal, power plants affected by the security unit. Therefore, the group plans this year to increase coal imports, the monthly imports of coal will reach 50 million tons, and the extent depending on the coal shortages likely to increase by some. Data show that coastal areas in Indonesia and Vietnam, the procurement of coal into the water than from Qinhuangdao Port coal price on the market but also cheaper, State Power, Huaneng Power Plant and other imported coal is also high enthusiasm, the monthly volume of imports showed growth momentum. According to customs statistics of the total summer, last year China imported a total of 126 million tons of coal, an increase of 212%. In January this year, China’s coal imports will remain high, is expected to reach 15 million tons or more. Early in January, the National Energy Board executives convened by five power companies, led by the main electricity power companies and related associations, to listen to the views on the increasing imports of coal and approaches to preparing to import coal as a domestic shortage of coal during the important alternative, to ease the domestic coal supply tensions. As the domestic coal shortages, high coal prices, the domestic electric power, metallurgy and other industries have imported coal from overseas as an important supplement. Coastal areas, importing large quantities of coal, to a certain extent, additional inventory, to curb the rise in domestic coal prices.
3. Demand reduction, supply and demand tend to get balanced.
Spring Festival is approaching, the school has begun to leave, no electricity; coastal areas, a number of ceramic plants, metallurgical plants, iron and steel, cement, like the high energy-consuming enterprises will gradually holiday shutdown will reduce electricity consumption; with the weather began to turn heating, air conditioning load will reduce the South, will reduce the demand for coal. At present, the coastal areas in southern China in particular, access for the price of coal fell rapidly weakened demand for coal is expected to power plants on coal consumption will be further reduced.
Coal supply side, western Inner Mongolia, Shaanxi, and Ningxia coal into Hong Kong under the water surge. Shanxi, the coal mines in Shanxi province’s re-integration of the formal signing of the agreement rate of 98%, mergers and reorganization of the main rate of 94% in place, in particular, is a decisive change of mining licenses for more than 80%. Coal mine complex production, transformation has been in full swing, many of integrated coal will be re-produced after the Spring Festival. Since last November, with the growing supply and demand in the domestic coal market is tight, Shanxi Province, and further increased the intensity of coal production, coal output has maintained rapid growth momentum. 11,12 of the respective month last year, output of raw coal 61.32 million tons and 62.97 million tons. Entering in January has been the face of strong market demand, Shanxi coal output has maintained rapid growth momentum, average daily output of raw coal are 200 million metric tons, induce a better satisfy the demand for coal. Ports, power plants than previously stored coal sufficient to enable users to coal shortage panic has weakened, rising coal prices and further narrow the space.
InvestorsGuru.com Small Cap Stock TV – Mar 29, 2010 Guru Trader Video
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