Commodity Market Report
China coal short-term outlook August 2019: weak demand pressures prices
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 12 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 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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