Coal prices stable at Qinhuangdao Port in last week
Shanghai. July 12. INTERFAX-CHINA - Coal market prices remained stable at Qinhuangdao Port, China's largest coal trans-shipment port, from July 6 to July 12, while stockpiles dropped slightly, according to China Coal Transportation and Development Association (CCTDA) statistics.
Coal prices did not change at the port, while stockpiles fell from 5.94 million tons on July 5 to 5.77 million tons on July 10.
Li Ming, a CCTDA analyst, said in a research note on July 12 that although coal demand will increase as the peak summer consumption season progresses, current market supplies remain sufficient.
Li also predicted that because key power plants are keeping adequate stockpiles, coal prices will continue to remain stable in the coming weeks.
The table below specifies coal prices on July 6 and July 12 at Qinhuangdao Port.
Spot coal prices at Qinhuangdao Port, July 6 and July 12, 2010
|Coal type||Heat value(Kcal/KG)||FOB price on July 6(RMB, ton)||FOB price on July 12(RMB, ton)|
|Datong premium blend||5,800||780 - 790 ($114.20 - $115.67)||780 - 790 ($114.20 - $115.67)|
|Shanxi premium blend||5,500||750 - 760 ($109.81 - $111.27)||750 - 760 ($109.81 - $111.27)|
|Shanxi blend||5,000||650 - 660 ($95.17 - $96.63)||650 - 660 ($95.17 - $96.63)|
|General blend||4,500||575-585 ($84.19 - $85.65)||575-585 ($84.19 - $85.65)|
Source: China Coal Trade and Development Association
Note: FOB = free on board