Coal price dropped visibly in the first half year

(Source: Energy China)

According to the latest data,the integrated average prices of Bohai Rim Region port with calorific value of 5500 kilocalories declined 11 yuan per ton from last week to about 641 yuan per ton, dropped to 1.69% week on week.

This fall has narrowed considerably compared to the recent several weeks, some analytical organizations expect that the price of steam-coal has reached a bottom. At the present, listed company is announcing data successively, it is obvious that the coal price for the first half year has been decreased based on the half year results of coal stocks.

◆Coal price dropped 11 yuan per ton in the last week.The integrated average prices of Bohai Rim Region port with calorific value of 5500 kilocalories declined 11 yuan per ton from last week to about 641 yuan per ton, decreased by1.69% week on week. This has been declining within eleven consecutive weeks, and since this year, the integrated average prices of Bohai Rim Region port with calorific value of 5500 kilocalories has declined from 808 yuan per ton for the end of last year to 641 yuan per ton for now, for a total fall of more than 20%.

◆The price of steam-coal may reach to the bottom.It’s still hopeless that coal price rebound in a short time. According to the domestic policy orientation recently, the real estate regulation won’t loosen in a short period, and the range of increasing speed of integrated domestic economy is slowing down, which means that the winter of Coal coke steel industry will continue and market mentality has reached a bottom.

◆Other news

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3)The Ministry of Industry and Information Technology (MIIT) gave ten advice for strengthening energy saving.

4)City and town gas12^thFive-Year project is published, and the gas utilization rate will reach 94%