Sunday, January 23, 2011

Australian waters

 Traditional Spring Festival is approaching holiday, Zibo City, Shandong Province Coking Co., Ltd Fu Shan Yan, general manager of the Wing is not very happy, he told the 100 yuan per ton price increase on the requirements. Australia coking coal prices suddenly increase the flood a great relationship. The flooded areas, mostly due to coking coal producing area, which directly affect the amount of coking coal exports to China since mid-January, domestic coal prices have gained varying degrees. coking coal listed companies have raised prices of coking coal in 2011.

coal prices started to rise since mid-January

Now mine will open up 100, range too.

has focused on the study Langer Coke boil Pei steel analyst also told this reporter, the new year, the major domestic coking coal mining companies to issue price of coking Pianxiang letter requested price 100 yuan / ton ~ 150 yuan / ton, this range is relatively large.

Yan Yong, said the recent price of coal, especially coking coal prices, mainly due to the impact of floods in Australia, resulting in coking coal can not be exported, the price will rise homeopathy.

Recently, the world's largest seaborne coal export base in Queensland, Australia suffered an almost complete stop the flood, Queensland, Australia coal production accounts for the country 25% of annual production of 334 million tons, coking coal here is the main producing areas. Some analysts said that exports of Australian coking coal exports accounting for about 2 / 3, the flood-affected areas of the total share of exports to Australia accounted for about 90%. Higher than usual rainfall this year in Australia, may affect 1 month, 2 months of imports of coking coal in China and promote the international coking coal prices.

boil, according to Pei introduced late in 2010, including domestic coal prices in Shanxi have emerged, including consecutive month of decline, but after the New Year, Shanxi Province, coal more than half of the region have emerged rose, while Shaanxi, northeast coal prices also increased to varying degrees. Starting from January 11, according to origin and variety of different prices in the range of 5 yuan / ton and 130 yuan / ton.

market coal prices have increased prices this year

recently, Xishan Coal and Electricity, Kailuan Panjiang shares and shares of listed companies have released in 2011 coking coal price increase announcements.

Xishan Coal and Electricity December 31 last year, the announcement said the company plans from January 1, 2011 increase from high-quality metallurgical coal, the scarcity of metallurgical coal, lean coal and some other prices. The company also said that after calculation, this part of the price increase will increase company sales by 2011 about 13 billion yuan (including tax).

Panjiang shares issued in the Jan. 4 announcement said, according to market supply and demand, the company from 1 January 2011 to adjust the prices of some products, high-quality metallurgical coal (1 / 3 coke fine coal) from 1390 yuan / ton raised to 1,500 yuan / ton (including tax); poor coal from the 1,040 yuan / ton raised to 1190 yuan / ton (including tax).

Kailuan shares in January 6 to adjust the prices of coal products bulletin also said that from January 1, 2011 from increased fertilizer prices of coal products, 102 yuan a long association households / ton, fat coal Taxes not included price from 1,282 yuan / ton raised to 1384 yuan / ton. After the price increase is expected to increase corporate fat coal sales revenue in 2011 about 2.5 billion (not included).

In addition to these companies, brokerage analysts also predicted Jizhong Energy (000937, closing price of 36.12 yuan) for the next coking coal prices may also rise.

prices of coking enterprises will face the pain

However, the company raised the price of coking coal at the same time, coking enterprises are in the middle part of the pain will face price increases.

boil on PEI, upside down. To the Wing Yan said that despite the association will guide price of coke increased, but the steel has not yet willing to accept the position, being currently in negotiations. Coking listed companies Aetna Group (600408, closing price 5.98 yuan), and * ST Hill coke (600,740, closing price 8.14 yuan) last year, quarterly results were a loss. Although Aetna has announced the results of January 15 turn around, but mainly through the sale of Minsheng Bank shares, for a larger return on investment, and ultimately Dress up the results.

(This article Source: Daily News of: Zhou Xiaofang)

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