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Mining giant BHP Billiton suffers strike price or is stimulated
The reporter was informed on the 14th that due to the strike of mining giant BHP Billiton's Australian miners, coking coal prices have begun to become the focus of attention of all parties, and the strike will stimulate the international and domestically stable coking coal market. At the same time, affected by many factors, China's coal price has increased by 90 yuan / ton this year. Although the coal price in Shanxi has ended its rise, it is difficult to hide the high position of coal. Coking coal prices are short-term or stimulated reporters learned that BHP Billiton's Australian miners held their first major strike in the past 10 years, which may cause coking coal exports to come to a standstill, thus affecting China's domestic market. BHP Billiton said on Monday that miners in the Bowen Basin in Australia will strike this week. According to reports from Australian local media on the 14th, 3,000 miners are preparing to hold six-hour strikes on the 14th, 15th and 18th. The reporter noted that international coking coal prices are gradually falling before BHP Billiton strikes news. It is reported that the recent FOB price of quality hard coking coal in Queensland, Australia fell by 1.4% to US$306.0/ton. However, after considering factors such as value-added tax and sea freight, the price of imported coking coal is still higher than domestic price of RMB 642/ton. At the same time, domestic coking coal prices remained stable. Except for the decline in coke prices in parts of Shanxi, the rest of the region remained stable. However, industry insiders pointed out that BHP Billiton is the world's largest exporter of coking coal, and its strike may lead to further increase in coking coal prices, possibly affecting the country. The high-speed operation of thermal coal prices does not change . At the same time that coking coal is concerned, the price of thermal coal continues to operate at a high level. It is reported that as of the beginning of June, Qinhuangdao Port 5500 Daka Shanxi excellent coal closed price of 835 yuan / ton, up 55 yuan / ton over the beginning of the year, compared with the same period last year, an increase of 90 yuan / ton, which is enough to reflect the coal price this year The characteristics of high position operation. According to the reporter's understanding, the average price of 5,500 kcal coal in the Yangtze River Power Plant in East China in late May was 878.3 yuan/ton, up 30 yuan/ton from the end of April, up 73 yuan/ton from the beginning of the year. As of the beginning of June, the comprehensive average price of thermal coal in the 5,500 kcal market in the Bohai Sea area was 839 yuan / ton, up 2 yuan / ton from last week, setting a record for 12 consecutive weeks. The National Energy Administration pointed out that overall, China's coal supply and demand in the first five months of this year is in a basic equilibrium state, showing a low season. According to the reporter's understanding, this year's international coal prices continue to rise, and the reduction in coal imports can be described as a major reason for the “input type†to boost domestic coal prices. In fact, as of June 2, the spot price of thermal coal in Europe's three ports, Port of Richards, South Africa and Newcastle Port of Australia was quoted at US$121.9/ton, US$118.5/ton, US$118.5/ton, and the average price was higher than the same period last year. 26 US dollars / ton. Insiders pointed out that although Shanxi coal prices have ended their upward trend in the past six months, coal prices remain at a high level, and their general situation is difficult to change.