Analysts predict coal prices and demand for coal in China will last until February 2010. The growth of coal prices coal prices because of competition for the supply of coal market in China. Increased coal prices could reach 5 to 10 percent.
As an indication of the estimated development of coal prices coal prices at Qinhuangdao port. The development of coal prices and supply of coal at the port Qinhuangdai until December 11, inventories of coal decreased 11.5 percent or 6:45 million metric tons. Tight supplies of coal in the domestic market has led to increased coal prices 5.6 percent, from 40 yuan / tonne to 750 yuan / ton. Shanxi coal prices excellent mixed record highs 730-740 yuan / ton, up 6,8-8,1 percent.
Xu Zhe, a researcher with Southwest Securities, said that both enhance macroeconomic and point heating season to increase demand for coal. Meanwhile, the consolidation of coal resources in Shanxi province has increased the supply of coal in excess of previous years. In addition, the international energy price markup also brings high expectations of a rise in domestic coal prices.
What needs to be noted is that, under Chinese rule, classifies the current coal pricing mechanism, electricity prices could face a similar increase following the strong expectations for an increase in coal prices.
Liu Fei, a researcher with Guodu Securities, noted that since the price of electricity has not been determined by the market, coal price increase will not affect them much.
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