QHD price soars, when will it peak?

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21 May 2021

QHD price soars, when will it peak?

Report summary

China’s benchmark thermal QHD coal price has soared this spring – it’s usually at a low this time of year. Strong demand is behind the unseasonal price surge and gencos are avoiding their traditional April and May restocking. But with this leading to low inventory as demand is set to increase, what will the gencos do? Imports could help. And market news suggests the National Development and Reform Commission is encouraging gencos to increase seaborne volumes. But we’ve also heard southern ports have been controlling import volumes recently. So, will imports increase or contract in the near term? With these questions in mind, we visited several power plants, ports and traders in Guangdong and Guangxi provinces. Read our report to find out what we discovered.

Table of contents

  • Low genco inventory will boost prices in June
  • Imports won’t offer much price stability

Tables and charts

This report includes 2 images and tables including:

  • QHD price 2020 vs 2021, RMB/t
  • Thermal generation comparison among 2019 and 2021, TWh

What's included

This report contains:

  • Document

    QHD price soars, when will it peak?

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