The demand for the hottest coal increased at a low

Low speed growth in coal demand nearly 1.9 billion tons of signed contracts

low speed growth in coal demand nearly 1.9 billion tons of signed contracts

China Construction machinery information

Guide: since January 1 this year, China has cancelled key contracts and implemented the price integration of electricity and coal. So far, the coal ordering and price determination have achieved complete marketization. Therefore, the first briefing held by the coal industry association this year has also attracted much attention. On January 24, the Coal Association reported that the 2012 coal industry reform issued

since January 1 this year, China has cancelled key contracts and implemented the price integration of power and coal. So far, the coal order and price determination have realized that the span of each dustpan is 1 mile (about 1.6 kilometers), which is an approval of processors who show the best manufacturing practices and design and produce in accordance with the recommendations in our design and processing guide. Therefore, the first "briefing" held by the coal industry association this year has also attracted much attention. On January 24, the Coal Association reported "2012 coal industry reform and development". In 2012, the national coal output was 3.66 billion tons, an increase of about 4% over the previous year

it is preliminarily judged that China's coal demand will continue to maintain a low-speed growth in 2013, and the coal market will continue to show a relatively loose supply and demand situation. The contract summary carried out by the association shows that as of January 18, 2013, the total coal contract was 1.891 billion tons. Among them, 223 million tons of medium and long-term cooperative contracts with a term of more than one year; 1.189 billion tons of coal for electricity, 254 million tons of coal for metallurgy, 134 million tons of coal for chemical industry, and 308 million tons of coal for domestic use; 1.796 billion tons transported by railway

the market fluctuated greatly, and the boom index was negative

in 2012, China's coal market has undergone major changes, which have roughly experienced three stages. In the first four months, the supply and demand of coal were basically balanced and the price was stable; From May to September, the situation of supply exceeding demand in the coal market was obvious, the demand and price fell sharply, and the inventory increased sharply; Since October, coal demand has rebounded, and prices have remained low and stable

from the specific data, the national coal output in 2012 was 3.66 billion tons, an increase of about 4% over the previous year, and the growth rate fell by 4.7 percentage points year-on-year

in terms of specific indicators, coal imports increased significantly. The annual import of coal was 289 million tons, an increase of 29.8% year-on-year; Exports were 9.26 million tons, down 36.8% year-on-year; The net import was 280 million tons, with a year-on-year increase of 71.9 million tons, an increase of 34.5%. Coal inventories remain high. At the end of 2012, coal enterprises stored 85 million tons of coal, an increase of 31.2 million tons, an increase of 58%; Key power generation enterprises stored 81.13 million tons of coal, a year-on-year decrease of 520000 tons, a decrease of 0.6%, and the available days remained above 19 days. Coal enterprises are under great pressure to destock

coal prices fell. On December 28, 2012, China's coal price index was 170.7 points, down 28.8 points from the beginning of the year and up 3.1 points from October. At the end of December 2012, the closing price of coal in the 5500 kcal market of Qinhuangdao port was 630~640 yuan/ton, a decrease of 170 yuan/ton over the beginning of the year. Compared with the beginning of the year, the price of metallurgical coal generally fell by about 300-400 yuan/ton. Since September last year, the price of coking coal in some regions has stopped falling and rebounded slightly, with an increase of about 100-200 yuan/ton. The growth rate of industrial investment fell. The fixed asset investment in the coal mining and dressing industry totaled 528.6 billion yuan, with a year-on-year increase of 7.7%, down 21.7 percentage points, and a decrease of 18.8 percentage points compared with the average growth rate of coal investment in the "Eleventh Five Year Plan". The profitability of enterprises has declined. The main business cost of large coal enterprises increased by 25.26% year-on-year, the accounts receivable increased by 25.69%, and the profit decreased by 23.35%

on the whole, the coal market prosperity index in 2012 continued to be negative, with the index of -5.5 in December, up 19 basis points from November, reflecting that the market continued to pick up, but has not yet returned to the normal level

to sum up, the main characteristics of the changes in China's coal market in 2012 are as follows: the international political and economic situation is severe, the world's coal demand has declined, the international coal price has fallen, and China's net import has increased significantly; The slowdown of domestic economic growth, the decline in the growth rate of coal demand and the continuous growth of fixed asset investment in the coal mining and dressing industry, and the contradiction of leading capacity construction; In addition, due to the weather, hydropower is fully developed, the utilization hours of coal-fired power plants are reduced, and the consumption of electricity and coal is reduced

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