Himfr Forecasts Coal Price Trend

2010-07-07 19:05 1010

BEIJING, July 7 /PRNewswire-Asia/ --, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, forecasts the coal price trend.

Himfr analyzes that as electric power, metallurgy, fertilizer, building materials and other fixed asset investment continue to grow quickly, consumer demand in China's coal market will remain strong too. In May, coal prices rose 26.2% year-on-year, the chain relative rose 4.7%.

Himfr analyzes that May's strong demand for coal production growth had been driven by downstream industries. For example, in May, the national thermal power capacity was up 21.6% year-on-year, while the metallurgical industry, pig iron and crude steel production also created monthly records. The chain increased 14.3%, respectively, 20.7%, steel production increased 23.6%, cement production increased 18%. It is worth noting that in May the price of coal increased nearly 3% year-on-year, chain relative grew 4.7%.

The next 1-2 months, with the arrival of the peak season for coal, coupled with economic development, will see increased energy demand, so the coal market will be more active; though coal prices still have further room for increases.

Half a month ago, as temperatures rose, the demand for coal was favourable, many coal companies in the second half will focus on proposed contract price rises of 60 yuan / ton.

Himfr also analyzes that a new round of real estate regulations will affect coal demand, as iron, steel and cement companies are the main coal users. Industrial consumption's slow growth will reduce the demand for steam coal; south rainy seasons and increased “transmission of electricity from the west to the east”, which will reduce the need for thermal power, will to some extent reduce the demand for coal consumption and thermal power. Well selling coal will inevitably lead to higher market coal prices.

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