When Xu Xu, President of the China Minmetals Import and Export Chamber of Commerce, attended the “2011 China Coal Supply and Demand Situation Analysis and Import and Export Trade Fair†sponsored by my steel network in Shanghai on the 12th, it is expected that the price of imports will continue to rise in 2011. China's coal net import status is expected to continue, but its growth rate or year-on-year (same below) will narrow; coking coal imports will still maintain a high level.
Xu Xu introduced that in 2010, China's coal imports 166 million tons, an increase of 31.3%, a record high; the average import price of 102.4 US dollars / ton, up 22.5%; annual coal exports of 19.03 million tons, a new low in recent years, down 15%; The average export price was US$118.2/ton, up 11.5%; the net import of coal exceeded 140 million tons, an increase of more than 40%.
In the first quarter of 2011, rising commodity prices in the international market have had an impact on China’s coal import and export structure. In the first quarter of 2011, China’s coal imports were 32.36 million tons, down 27.12%; the average import price was US$113.7/ton, up 21.82%; the coal export was 5,776,400 tons, up 1.35%; the average export price was US$171.03/ton, up 99.95%; The net import was 26,583,600 tons, down 33.05%.
Xu Xu believes that the reduction in resource supply brought about by the floods in Australia this year, the post-disaster reconstruction in Japan, and the increase in international coal demand in emerging market countries, combined with the speculation of international hot money, will keep the international coal prices from rising for the whole year. Under this influence, China's coal export trade may rise, and import trade may slow down as profit margins are compressed.
"Coal spread at home and abroad is a decisive factor in the increase or decrease of China's coal imports." Xu Xu said that imported coal accounts for less than 5% of China's total coal consumption, and it only plays a role in regulating domestic coal supply. Therefore, if the price of imported coal continues to hang up, the year-on-year increase in coal net imports may narrow.
Of course, Xu Xu specifically mentioned that from the perspective of varieties, China’s relatively lack of coking coal imports may maintain a relatively rigid growth in demand. In particular, demand for coking coal remains strong this year in East China and South China, of which Zhejiang may increase this year. 30 million tons of coking coal demand.
Xu Xu introduced that in 2010, China's coal imports 166 million tons, an increase of 31.3%, a record high; the average import price of 102.4 US dollars / ton, up 22.5%; annual coal exports of 19.03 million tons, a new low in recent years, down 15%; The average export price was US$118.2/ton, up 11.5%; the net import of coal exceeded 140 million tons, an increase of more than 40%.
In the first quarter of 2011, rising commodity prices in the international market have had an impact on China’s coal import and export structure. In the first quarter of 2011, China’s coal imports were 32.36 million tons, down 27.12%; the average import price was US$113.7/ton, up 21.82%; the coal export was 5,776,400 tons, up 1.35%; the average export price was US$171.03/ton, up 99.95%; The net import was 26,583,600 tons, down 33.05%.
Xu Xu believes that the reduction in resource supply brought about by the floods in Australia this year, the post-disaster reconstruction in Japan, and the increase in international coal demand in emerging market countries, combined with the speculation of international hot money, will keep the international coal prices from rising for the whole year. Under this influence, China's coal export trade may rise, and import trade may slow down as profit margins are compressed.
"Coal spread at home and abroad is a decisive factor in the increase or decrease of China's coal imports." Xu Xu said that imported coal accounts for less than 5% of China's total coal consumption, and it only plays a role in regulating domestic coal supply. Therefore, if the price of imported coal continues to hang up, the year-on-year increase in coal net imports may narrow.
Of course, Xu Xu specifically mentioned that from the perspective of varieties, China’s relatively lack of coking coal imports may maintain a relatively rigid growth in demand. In particular, demand for coking coal remains strong this year in East China and South China, of which Zhejiang may increase this year. 30 million tons of coking coal demand.
Zhulian Electric Appliance Co., Ltd. , http://www.jx-diecasting.com