Sunday, 21 Mar 2010
It is reported that given declining winter demand for power and coal, China coal market is expected to stay weak in the short run and power coal prices may decrease 5% to 10%
Mr Li Xuegang an expert with cqcoal.com said that the inflexion point appeared in late January.
According to the report, coal prices at Qinhuangdao, a benchmark in China, dropped to between CNY 670 and CNY 680 per tonne down by CNY 140 to CNY 160 from the peak price in early January.
It is reported that given declining winter demand for power and coal, China coal market is expected to stay weak in the short run and power coal prices may decrease 5% to 10%
Mr Li Xuegang an expert with cqcoal.com said that the inflexion point appeared in late January.
According to the report, coal prices at Qinhuangdao, a benchmark in China, dropped to between CNY 670 and CNY 680 per tonne down by CNY 140 to CNY 160 from the peak price in early January.
Experts forecasted that demand for power coal would keep the weak trend for two months. However, the price decrease of coal is not likely to continue for long, as China's economic recovery, narrowing price advantages of imported coal and a steady domestic supply would help stabilize coal prices.
Source: http://steelguru.com/news/index/MTM3NzUz/Steam_coal_price_in_China_may_decrease_by_5pct_to_10pct.html
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