The continuously rising Qinhuangdao thermal coal price hit a two-year high during the “May 1st†period.
During the “May 1st†period, the price of thermal coal in Shanxi and other places distributed by Qinhuangdao Port continued to rise, with an average increase of 15 yuan/ton; and the latest average price of the first Bohai Thermal Coal Price Index was 808 yuan/ton, up 9 In yuan/ton, the overall price per ton rose by 41 yuan in 6 weeks, an increase of 5.35%. This is the highest price since the index was released, and its growth span is also the longest increase since the index was commissioned.
The Qinhuangdao market thermal coal has created the highest price since November 2008. Its 5,500 kcal heat and high quality coal has risen by RMB 5/ton from the previous month, maintaining the price level of 805 to 815 yuan/ton, breaking 2009. In 2010 and 2010, the high price of 800 to 810 yuan / ton, creating a new high in coal prices in the past two and a half years.
Experts believe that the continuous rise in coal prices is related to the sharp shrinkage of China's coal imports. At present, domestic coal prices are about 100 yuan lower than international coal prices per ton. In the first quarter of this year, China's coal imports totaled 32.37 million tons, down 26.4% from the same period last year. At the same time, due to the overhaul of the Daqin line, the amount of coal that Shanxi has transferred to Qinhuangdao Port is still at an off-season level.
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