Coal prices remain stable at Qinhuangdao Port
Shanghai. November 4. INTERFAX-CHINA - Coal prices did not change this week at Qinhuangdao Port, China's largest coal trans-shipment port, while stockpiles rose 230,000 tons to 5.83 million tons on Nov. 3, according to China Coal Transportation and Distribution Association (CCTDA) statistics.
The Bohai-Rim Steam-Coal Price Index (BSPI) went unchanged, remaining at 853 points.
Yang Dong, a coal industry analyst with www.cqcoal.com, wrote in a research note Nov. 4 that key power plants across the country are holding stockpiles of approximately 70 million tons, or enough for 20 days of power generation.
He noted that such large inventories should keep market coal prices from destabilizing.
Spot coal prices at Qinhuangdao Port, Oct. 26 and Nov. 2, 2011
| Coal type | Heat value(Kcal/KG) | FOB price Oct. 26 (RMB, ton) | FOB price Nov. 2(RMB, ton) |
| Datong premium blend | 5,800 | 900 - 910 ($141.73 - $143.31) | 900 - 910 ($141.73 - $143.31) |
| Shanxi premium blend | 5,500 | 850 - 860 ($133.86 - $135.43) | 850 - 860 ($133.86 - $135.43) |
| Shanxi blend | 5,000 | 745 - 755 ($117.32 - $118.90) | 745 - 755 ($117.32 - $118.90) |
| General blend | 4,500 | 650 - 660 ($102.36 - $103.94) | 650 - 660 ($102.36 - $103.94) |
Source: CCTDA
Note: FOB = free on board
BSPI between Oct. 12 and Nov. 2, 2011
| Oct. 12 | Oct. 19 | Oct. 26 | Nov. 2 |
| 842 | 847 | 853 | 853 |
Source: NDRC
-TW