In the winter for two years of coal industry, finally usher in turn.
Earlier in the golden age, the coal industry not only stimulate economic growth, create great wealth, it also brings the problem of this industry, complicated tax imposed on the body of the middle link of interest. In the winter, its burdens has made coal enterprises overwhelmed, at present all kinds of coal related taxes have been accounted for three to four into the enterprise revenue. Before and after national day, the sun finally shines in the coal industry body, the coal resources tax reform has settled, imported coal tariff hike, Shanxi province county and all of the following coal inspection site years revocation...... Good coal prices burden policy by the introduction of coal, Shenhua, the two giants even seize the opportunity, we are the largest increase in coal prices during the year.
With this beam of sunshine, the coal industry can go back to the previous bright? Coal industry really need to face the problem, is the market environment have changed, the resource type products of endogenous growth power come from exactly.
Coal city after a long slump, finally usher in the dawn.
The first is the Shenhua, in two major coal giant beyond all expectations to greatly improve the port power coal price; it is for Shenhua substantially increases behavior puzzled, the long-awaited restrictions on imported coal finally in yesterday (October 9th) landing. Since then, China imported coal all bid farewell to zero tariff. External answered on the big two ultra expected price confusion.
Fenwei energy consulting coal industry analyst Zeng Hao to the "daily economic news" reporter said, since in coal have followed Shenhua to make the adjustment, "several other large coal enterprises to raise prices more is no suspense." He thinks, increase import tariffs on coal file is likely to be issued with the price for coal enterprises to move.
Two giant coal prices rose over the expected
At the end of 9, Shenhua and other giants in October the price of the news has been circulating in the industry, the industry thought is the subject to administrative instruction effect, under the coal enterprises "from the" command pressure, is expected to rise to 5 yuan / ton and 10 yuan / ton.
The evening of October 8th, Shenhua price news come out: all kinds of coal price increase 15 yuan / ton, start execution from 10 1, after adjustment for long ADPL 5500 kcal coal most favored price implementation of 499 yuan / ton, 5000 - 439 yuan / ton.
Up to 15 yuan / ton increase beyond the industry expected. Because this year Shenhua had done several times rose 5 yuan / ton price increases, while the 15 yuan / ton rose across the board is the largest increase so far years.
On the same day, China Coal Group also announced, will be all kinds of coal price increase 15 yuan / ton. Guangdong a trader said, coal price increases are even greater than the Shenhua, because according to the sulfur preferential also reduced.
Zeng Hao told the "daily economic news" reporter, since in coal have followed Shenhua to make the adjustment, "several other large coal enterprises to raise prices more is no suspense." He said, according to the large group had consistent price adjustment for several months, I Taiwa with the coal price should also recently raised, "so, had been rumors of prices in October is also the news finally implemented, while the market for acceptance of the price remains to be seen."
The oversupply situation has not changed
However, the Shenhua coal prices and allow the industry to feel confused, because from the fundamental supply and demand temporarily can not find such a substantial price support. Until yesterday (October 9th) morning, the Ministry of Finance released only part of the coal import tariff hike news.
Zeng Hao tells a reporter, at present the coal inventory north port has been maintained in the normal high level, the same day downstream power plant inventory release price hike news in Shenhua also reached a 14 month high. "Days of stored coal power plants has reached about 30 days, while the normal inventory is about 15 days. The downstream demand has been very weak, the needs of the present a lot worse than the same period last year."
Line maintenance began in October 9th, is considered to be the favorable factors of coal city. But Zeng Hao said the analysis, coal prices will generally choose line maintenance is completed, the power plant inventory decline has reached the low until after the option price.
Zeng Hao tells a reporter, current time point is nearer to the end of coal contract negotiations, "the annual contract price and the government policy to regulate and control double instruction under the impetus of Shenhua, the price hike is made a test."
China coal industry analyst Deng Shun thinks, had been expected to Shenhua in October will increase the price, but the price range is a bit more than expected; in the absence of the downstream demand to support, the Shenhua price is more affected by the impact of the administrative instruction, the market price can continue to go up or will depend on the supply side of the situation.
President China Coal Industry Association, said in September, "price cant start the market" has been confirmed by the market, the coal enterprises should abandon the "to the amount insured, let price inertia thinking is not to let the market", and strive to the interval 0.1~0.12 yuan / kcal of coal coal market prices rebound. But Shenhua Group propaganda department relevant personage yesterday (October 9th) when accepting a reporter to interview, temporarily not on whether rises because of administrative instruction to respond.
All imported coal farewell zero tariff
The industry of two big coal enterprises synchronous increases doubts soon answered.