Commodity Market Report
China coal short-term outlook January 2018: cold snaps send prices higher
Report summary
In January, thermal and metallurgical coal prices jumped 8% and 10% month-on-month, respectively. The largest driver of the price increases was strengthening demand. But the Chinese New Year holiday slowdown will start to play a role in February. We expect the downtime will have a greater impact on demand than supply. That said, we won't see any further increase in domestic prices in February.
Table of contents
-
Executive summary
- Key market data
-
Prices
- Thermal coal prices overheated on higher demand amid snowstorms
-
Strong holiday restocking supported robust metallurgical coal prices
- Key thermal coal prices – history and forecast, US$/t nominal
- Hard coking coal price arbitrage at Tangshan steel mill, US$/t nominal
-
Demand
- Cold weather will lift coal generation to a record high in January
- Metallurgical coal demand strengthened due to restocking for the Chinese New Year
-
Supply
- Higher-than-usual domestic coal supply expected during the holiday
- Potential relaxation on seaborne coal imports
Tables and charts
This report includes 10 images and tables including:
- Executive summary: Table 1
- Monthly coal-fired generation, TWh
- Monthly hydropower generation, TWh
- Monthly throughput at Qinhuangdao, Mt
- Monthly throughput at Huanghua, Mt
- Monthly hot metal production, Mt
- Monthly metallurgical coke production, Mt
- Supply: Table 1
- Prices: Image 1
- Prices: Image 2
What's included
This report contains:
Other reports you may be interested in
07 January 2021
China coal short-term outlook December 2020: QHD price reaches RMB800/t
Commodity Market Report
China coal short-term outlook December 2020: QHD price reaches RMB800/t
NDRC appeals for increased supply and coal price cap, but it has limited impact on winter market
$2,00003 February 2021
China coal short-term outlook January 2021: QHD price reaches record high
Commodity Market Report
China coal short-term outlook January 2021: QHD price reaches record high
Thermal coal price reaches short-lived high while coking coal price gathers pace on steadily upward path
$2,00012 February 2020
China coal short-term outlook January 2020: coronavirus increases supply tightness
Commodity Market Report
China coal short-term outlook January 2020: coronavirus increases supply tightness
Measures to contain the spread of infection augment supply shortage, further supporting the price uptick
$2,000