Thursday, January 13, 2011

Australia were not flood the Bohai Sea Power coal prices,

 New phase of the Bohai Sea thermal coal price index (BSPI) yesterday (January 12) release, although the high price of coal in Australia, but there is no impact on the domestic market.

yesterday, seaborne coal network released the first 14 thermal coal price index for the Bohai Sea, the Bohai Sea thermal coal prices fall for 5 weeks.

data show this week (January 5, 2011 ~ 11) the average price of steam coal Bohai 776 yuan / ton, last week (December 29, 2010 ~ January 2011 4) decreased by 3 yuan / ton, down 0.39%. Among them, the Qinhuangdao Port 5500K, 5000K, 4500K Kcal steam coal prices have dropped over a period of 5 yuan / ton, down 0.64%, 0.72% and 0.83%. In addition, the Tianjin Port, Caofeidian port and other ports in 5 large representation of both the spot FOB prices fell slightly.

Global coal according to data released online on Friday, South Africa, RB coal index dropped to 125.16 U.S. dollars / ton, down $ 1.69 the previous week; European DESARA coal price index fell to 129.5 U.S. dollars / ton, fell $ 1.55, Australia NEWC coal index rose to 129.9 U.S. dollars / ton, up $ 1.4 the previous week.


nearly two weeks, as Asia's one of the most important source of coal, Queensland, Australia suffered a heavy rain hit, the flood flooded. Affected by this, the local coal mines have closed, coal exports plunged, coal has been raised. Industry insiders estimate that the recent Australian coal price will continue to rise.

published in the Bohai Sea on the current thermal coal price index, domestic coal prices have not affected.

seaborne coal network responsible person Schilling to the The analysis pointed out the site, the Bohai Sea near the coal supply and demand relatively commonplace, although the south into the winter, a corresponding increase in coal demand, but the association with coastal coal market is not high, the region's coal prices will show a continuous downward trend . However, the official also said that Australia's floods in the next two months an impact on the domestic coal market.

(This article Source: Daily News of: Xu Xuecheng)

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