Coal-Prices

Coal-Prices


Qinhuangdao coal prices $91-$100/ton 28-Oct-09 07:09 pm Acc. to Reuters report below coal prices at Qinhuangdao port are now about $96 to $99/ton for top grade coal and about $91/ton for heat value of 5,500 kcal/kg.

SGZH coal grade:
Tong mine coal: 5550 kcal/kg
Xing mines: 3663-4995 kcal/kg

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Asia Coal-Prices tops $73, strong Chinese demand supports
Tue Oct 27, 2009 12:24pm IST
Email | Print | Share| Single Page[-] Text [+] * Newcastle thermal coal price up 1.5 pct on week at
$73.13/T * Strong Chinese demand for Indonesian coal supports prices * Indonesian coal supplies hampered by rainy season By Fayen Wong PERTH, Oct 27 (Reuters) - Prices of power-station coal in
Australia, a benchmark for Asia, crept up for the fourth week
and topped $73 a tonne, as a continued rally in Chinese
domestic coal prices fuelled expectations of strong imports
through the rest of the year. "Chinese demand for Indonesian material is still very
strong and imports could go even higher in the coming months as
domestic prices climb higher," said a coal trader based in
Jakarta. Thermal coal prices on the globalCOAL Newcastle weekly
index, a benchmark for Asia, rose $1.06, or about 1.5 percent,
from a week ago to $73.13 a tonne on Tuesday, based on
free-on-board prices at Australia's Newcastle port. Spot thermal coal prices in China have risen for the sixth
straight week to strike a new 2009 high, thanks to increasing
winter heating demand and recovering power consumption on the
back of a stronger economy. Although it remains uneconomical for China to import
Australian coal due to high freight charges, the ongoing flow
of Indonesian coal imports by Chinese buyers has helped tighten
supplies in the Asia Pacific market. An unexpected surge in Chinese imports this year has been
the saving grace for Asia's coal prices, which have recovered
much faster than prices in Europe and South Africa, and have
mostly traded at a premium to other region's supplies. Trade sources said strong Chinese demand, combined with
slower Indonesian production due to the rainy season, has
helped pare some of the excess supplies that inundated the
market in September and has in turn lifted producers' offer
prices. State-run utility Taiwan Power Corp (Taipower) cancelled
its sub-bituminous tender last week after all offers came in
above its budget, traders said. Having failed to secure enough coal supplies, Taipower has
launched a new tender this week seeking 15 bituminous coal
cargoes and five sub-bituminous shipments for delivery in
December-March 2010. Traders and producers said they were optimistic about
prices for the rest of the fourth quarter, citing strength in
Chinese and Indian imports, and possible fresh demand in the
traditional North Asian markets over the winter heating season. Prices of top grade coal at China's top coal port
Qinhuangdao gained 5-20 yuan to a range of 655-680 yuan
($95.92-$99.59) a tonne this week, while coal with a calorific
value of 5,500 kcal/kg was quoted at 620-640 yuan a tonne. China coal imports rose 7 percent on the month in September
to 12.55 million tonnes, customs data showed on Monday, with
tight domestic supply that made imports attractive likely to
continue at least through the end of the year. [ID:nSHA260316]
($1=6.828 Yuan)
(Reporting by Fayen Wong; Editing by Michael Urquhart)

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