China’s domestic coal prices continued rising in Oct
The prices of thermal coal continued to rise in China in October, with high prices recorded in producing, transferring and consuming places.Further tightening of coal supply in Datong caused a 10 yuan/t of rise on the purchase price at coalyards in October. The tax-excluding price for thermal coal with calorific value above 5800 Kcal/kg at Datong reached 310-315 yuan/t by the end of October.
In key coal transferring places, the price kept rise at Qinhuangdao and Tianjin Ports in the first half of October, sustaining an upward trend started as early as late May this year. By mid-October, the FOB trimmed price of thermal coals with calorific value at 5800 Kcal/kg, 5500 Kcal/kg and 5000 Kcal/kg reached 510-515 yuan/t, 490-495 yuan/t and 440-450 yuan/t, up 8-12 yuan/t from that in the end of September. Coal prices turned to be weak in late October, though the bottom prices went up continuously.
Coal prices rose remarkable in main consuming areas. By end-October, the price of premium thermal coal with calorific value of 5500 Kcal/kg climbed 15-20 yuan/t from end-Sept. to 605-615 yuan/t at Shanghai and Ningbo Port, and rose 20-25 yuan/t to 655-665 yuan/t at Guangzhou Port.
