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On August 6, China Shenhua Coal decided to increase the preferential treatment on the basis of the August price, and will make a large preferential supplementary policy
of 10 yuan / ton for the total loading of more than 40,000 tons of ships in the whole month of August.
The analysis pointed out that Shenhua's continuous promotion model is not
unrelated to the dismal operation of the coal industry this year.
As a bellwether in the coal market, the Bohai Rim thermal coal price index fell by 109 yuan per ton in the first five months of this year, hitting a new low
since 2009.
In addition, data released by the National Development and Reform Commission show that in the first six months of this year, coal enterprises above designated size in the country achieved profits of 20.
05 billion yuan, which was only 10.
5% of the same period in 2012, while the loss of loss-making enterprises reached 48.
41 billion yuan, and the loss of large and medium-sized coal enterprises has reached more than
70%.
Lin Boqiang, director of the China Energy Economy Research Center at Xiamen University, said that Shenhua, a leading enterprise in China's coal market, took the lead in adjusting prices this time, and it is very likely that other companies will follow suit
.
If China's economy can recover steadily in the second half of the year under the stimulation of fiscal and monetary policies, the demand for coal will increase, and the future market of coal prices will be more optimistic
.
However, as far as the current situation is concerned, domestic coal prices will still be under great pressure
in the third quarter.
On August 6, China Shenhua Coal decided to increase the preferential treatment on the basis of the August price, and will make a large preferential supplementary policy
of 10 yuan / ton for the total loading of more than 40,000 tons of ships in the whole month of August.
The analysis pointed out that Shenhua's continuous promotion model is not
unrelated to the dismal operation of the coal industry this year.
As a bellwether in the coal market, the Bohai Rim thermal coal price index fell by 109 yuan per ton in the first five months of this year, hitting a new low
since 2009.
In addition, data released by the National Development and Reform Commission show that in the first six months of this year, coal enterprises above designated size in the country achieved profits of 20.
05 billion yuan, which was only 10.
5% of the same period in 2012, while the loss of loss-making enterprises reached 48.
41 billion yuan, and the loss of large and medium-sized coal enterprises has reached more than
70%.
Lin Boqiang, director of the China Energy Economy Research Center at Xiamen University, said that Shenhua, a leading enterprise in China's coal market, took the lead in adjusting prices this time, and it is very likely that other companies will follow suit
.
If China's economy can recover steadily in the second half of the year under the stimulation of fiscal and monetary policies, the demand for coal will increase, and the future market of coal prices will be more optimistic
.
However, as far as the current situation is concerned, domestic coal prices will still be under great pressure
in the third quarter.
