China's coal industry has shown a relaxed balance

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At the symposium on 2012 coal transport operations on the South-North shipping line in Qingyuan City, Guangdong Province on the 15th, the Director of Operations of the China Coal Transportation and Marketing Association Li Wei stated that the coal industry has already shown a balance of looseness and it is expected that the total social inventory will reach 300 million. About tons, equivalent to a month of national coal consumption.

At the symposium, industry representatives from coal mining companies, ports, water transport, and power industries stated that due to the slowdown of economic operations and the increase of precipitation in the south, the lack of electricity demand was transmitted to all links of the coal supply chain, causing coal backlog. According to statistics, in the first ten days of June, the total daily social inventory increased by about 200,000 tons. At the same time, due to its low price advantage, imported coal has entered the domestic coal market in large numbers and increased pressure on the supply side.

"Now coal is worthless!" said a person in charge of a large coal mining company. The comprehensive average price of thermal coal in the 5,500 kcal market in Bohai Rim has dropped 35 yuan/ton since May. Lv Zhaohui, assistant to general manager of China Coal Energy Group Co., Ltd. sales company, said that the actual market transaction price decline is still much larger than this figure.

He Shanqi, general manager of Qinhuangdao Port Co., Ltd. introduced that since late May, coal supply and demand have undergone rapid changes. At present, the coal stock of the port has reached 9.44 million tons, which has doubled from a month ago, and is close to the port's inventory saturation point of 10 million. Ton, at present, it is only possible to "increase output."

According to the reporter’s understanding, due to the downturn in the market, a number of shipping companies were idle and there was a large area loss.

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