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Price limit triggers wait-and-see Qinhuangdao port daily average coal inventory soars
- Categories:Industry News
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- Time of issue:2011-12-15 15:19
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(Summary description)Securities Times News, the National Development and Reform Commission made a rule on November 30, starting from January 1, 2012, Qinhuangdao Port and other major ports in the Bohai Rim region with a heat output of 5500 kcal in the market, the maximum price of thermal coal shall not exceed 800 per ton yuan.
Price limit triggers wait-and-see Qinhuangdao port daily average coal inventory soars
(Summary description)Securities Times News, the National Development and Reform Commission made a rule on November 30, starting from January 1, 2012, Qinhuangdao Port and other major ports in the Bohai Rim region with a heat output of 5500 kcal in the market, the maximum price of thermal coal shall not exceed 800 per ton yuan.
- Categories:Industry News
- Author:
- Origin:
- Time of issue:2011-12-15 15:19
- Views:
Information
Securities Times News, the National Development and Reform Commission made a rule on November 30, starting from January 1, 2012, Qinhuangdao Port and other major ports in the Bohai Rim region with a heat output of 5500 kcal in the market, the maximum price of thermal coal shall not exceed 800 per ton yuan. In the first week of the issuance of the regulations, as of December 4th, the coal railway transfer volume and port throughput of Qinhuangdao Port both declined, and the port coal inventory continued to increase, with an average daily stock exceeding 7 million tons.
"The market wait-and-see sentiment is obvious. The coal inventory in Hong Kong has risen from 4.9 million tons in September to the current 7.5 million tons, and there is still an upward trend." A person from Qinhuangdao Port Authority said that The coal inventory has reached a record 80 million tons, and the coal inventory of the direct power plant can meet the power generation of 21.5 days, which is much higher than the normal level of 15 days. Under the pressure of high inventory, the prices of port specifications with falling prices have obviously increased, and downward pressure on prices has become increasingly apparent.
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