China coal short-term outlook April 2019: regional mining restrictions stop thermal price fall Report

Commodity Market Report 30 April 2019

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Report summary

In April, thermal coal prices fluctuated between RMB627/t and RMB 639/t, before returning to RMB526/t at the end of the month. Despite improvement in China’s total coal output, regional thermal coal supply was briefly squeezed by mining restrictions, which weighed on thermal coal demand in coastal areas and resulted in upward price fluctuation. Metallurgical coal prices continued dipping before firming up in the second half of the month. The largest driver of the price movement was improving coke profits amid burgeoning crude steel output.

Mining restrictions prevent QHD price fall
HCC prices will gain on a turnaround in coke prices in May
Growing cross-region electricity transmission curtailed power coal demand in the coastal region
Coking coal demand to recover on the back of improving coke profits
National coal output increases despite accident-triggered regional decline

Tables and charts

This report includes 10 images and tables including:

Key thermal coal prices: history and forecast (US$/t)
Hard coking coal price arbitrage at Tangshan steel mill, US$/t nominal
Monthly coal-fired generation, TWh

Monthly hydro-power generation (TWh)
Monthly throughput at Qinhuangdao, Mt
Monthly throughput at Huanghua, Mt
Monthly hot metal production, Mt
Monthly metallurgical coke production, Mt
Thermal coal supply (Mt)
Metallurgical coal supply (Mt)

What's included

This report contains:

China coal short-term outlook April 2019: regional mining restrictions stop thermal price fall

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China coal short-term outlook April 2019: regional mining restrictions stop thermal price fall

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