Coal prices slip at Qinhuangdao Port

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Shanghai.  June  9.  INTERFAX-CHINA  -  Coal  prices  fell  slightly  at
Qinhuangdao  Port, China's largest coal trans-shipment port, from June 1
to June  8, while stockpiles continued to build, according to China Coal
Trade and Development Association (CCTDA) statistics.
Prices of most types of coal dropped by about RMB 5 ($0.73) per ton last
week at the port, while stockpiles rose from 4.74 million tons on May 16
to 5.13 million tons on June 6.
According  to  CCTDA  statistics,  coal  stockpiles  at key power plants
continued to grow, rising by 5.02 percent from 30.87 million tons on May
21 to 32.42 million tons on May 30.
CCTDA analyst  Li  Ming  wrote in a research note on June 8 that thermal
coal demand  is relatively low at the moment due to a recent increase in
hydropower output, which has caused stockpiles to grow at trans-shipment
ports.
The tables below specify coal prices on June 1 and June 8 at Qinhuangdao
Port, as  well as coal stockpiles and consumption at key power plants as
of May 30.
Spot coal prices at Qinhuangdao Port, June 1 and June 8, 2009
Coal type              Heat value (kcal/kg)  FOB price on Jun 1 (RMB,     FOB price on Jun 8 (RMB,
                                             ton)                         ton)
Datong premium blend   6,000                 610 - 630 ($89.31 - $92.24)  610 - 630 ($89.31 - $92.24)
Shanxi premium blend   5,500                 580 - 590 ($84.92 - $86.38)  575 - 585 ($84.06 - $85.53)
Shanxi blend           5,000                 505 - 520 ($73.94 - $76.13)  500 - 515 ($73.10 - $75.40)
General blend          4,500                 430 - 445 ($62.85 - $65.15)  430 - 440 ($62.85 - $64.33)
General blend          4,000                 365 - 375 ($53.44 - $54.90)  360 - 370 ($52.63 - $54.09)

Source: China Coal Trade and Development Association
Note: FOB = free on board
Coal stockpiles  and  consumption  volumes at key power plants as of May
30, 2009
     Regions       Coal consumed so    Stockpile (tons)    Days of power
                    far this month                         operation with
                        (tons)                               stockpile
Total                     48,270,147          32,420,078                 18
Northern Grid             13,484,341           6,900,214                 14
Beijing-Tianjin-           3,726,328           1,400,731                 10
Tangshan
Hebei                      3,373,925           1,641,554                 15
Shandong                   6,384,088           3,857,929                 17
Northeastern Grid          9,333,204           3,656,532                 10
Liaoning                   3,552,432           1,447,952                 12
Jilin                      1,950,918             981,583                 12
Heilongjiang               2,299,625             879,495                 10
Eastern Inner              1,530,229             347,502                  6
Mongolia
Eastern Grid              14,239,667           8,700,347                 18
Shanghai                   1,057,149             681,059                 15
Jiangsu                    5,795,512           4,197,331                 22
Zhejiang                   4,359,960           2,416,891                 17
Anhui                      3,027,046           1,405,066                 13
Central Grid               7,938,055          10,243,653                 32
Henan                      4,407,547           3,033,086                 20
Hubei                      1,261,286           2,172,123                 34
Hunan                        489,090           2,458,082                 67
China Resource               402,925             460,552                 35
Power
Jiangxi                    1,377,207           2,119,810                 44
Northwestern Grid          3,274,880           2,919,347                 21
Shaanxi                    1,701,073           1,511,218                 20
Gansu                        672,338             565,033                 18
Ningxia                      901,469             843,096                 26

Source: China Coal Trade and Development Association