Commodity Market Report
China coal short-term outlook August 2019: weak demand pressures prices
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Weakness in demand fundamentals will be September’s theme, for both thermal and metallurgical coal. While the Liulin #4 price remains flat, we expect the thermal benchmark Qinhuangdao 5,500 price to decline in the month, despite safety inspections ahead of China’s 70th anniversary celebrations. Read this month’s short-term outlook to understand the different price movements and check out the key events that took place in August.
Table of contents
- Prices still sliding despite safety checks ahead of China’s 70th anniversary
- Domestic metallurgical coal prices recover slightly in August
- Weakness in infrastructure investment and property market fails to boost coal demand
- Metallurgical coal demand retreats due to tighter environmental restrictions
- China aims to reduce number of small-scale mines in three years
- Slower output growth ahead of 70th anniversary
- Higher imports in July raise expectations of restrictions for the rest of the year
Tables and charts
This report includes the following images and tables:
- Key thermal coal prices: history and forecast (US$/t)
- Hard coking coal price arbitrage at Tangshan steel mill (US$/t nominal)
- Monthly coal-fired power generation (TWh)
- Monthly hydro-power generation (TWh)
- Monthly throughput at Qinhuangdao port (Mt)
- Monthly throughput at Huanghua port (Mt)
- Monthly hot metal production (Mt)
- Monthly metallurgical coke production (Mt)
- Thermal coal supply (Mt)
- Metallurgical coal supply (Mt)
- Year-to-date announced capacity changes
What's included
This report contains:
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