Fujian Coal imports in the first half fell 7.4% - china Slurry Pump EHR - china Slurry Pump EMM

Fujian Coal imports in the first half fell 7.4% - china Slurry Pump EHR - china Slurry Pump EMM

Fujian imported 1.506 million tons of coal during the first half, down 7.4%; import average price was 68.3 U.S. dollars / ton, up 32.4% year on year. According to the International Business Daily reported on August 21, according to Fuzhou Customs, Fujian Province during the first half of 2008 imports of 1.506 million tons of coal over the same period in 2007, down 7.4%; worth 100 million U.S. dollars, up 22.6%.

It is understood that the first half of 2008 mainly from the Fujian Province Coal Association of Southeast Asian Nations, Australia imports, of which 1.098 million tons of coal imports from ASEAN dropped by 25.4%, accounting for the same period in Fujian Province, 72.9% of the total coal imports; 396,000 tons of coal imports from Australia , an increase of 1.9 times. Import 770,000 tons of anthracite, up 26.2%; bituminous coal imports 736,000 tons, down 16.5%. The average import price of 68.3 U.S. dollars / ton, up 32.4%, of which the average price of 63.3 U.S. dollars of imports anthracite / ton, up 41.5%; bituminous coal average price of 73.6 U.S. dollars of imports / ton, up 33.4%. Fuzhou customs official pointed out that there are three major issues the coal imports of concern: First, the distribution of domestic coal is not conducive to the southeast region of the transport and use. China's coal production concentrated in Shanxi, north-east coast as the center of the non-energy base, and the fragmentation of the distribution of coal enterprises, the lack of coal resources in southeastern coastal areas and greater demand for coal, combined with domestic railway transportation capacity, to the southeast Department of coastal areas during peak timely supply of coal is difficult to be guaranteed. Second, the international coal market is bullish. May 8, 2008, the Sino-Japanese negotiations on the formal end of the export price of coal, the two sides finally agreed to 131.4 U.S. dollars / ton of 5,800 kcal thermal coal prices rose 93.5% compared with 2007.

By the end of May, the world's largest coal ports of entry ---- Australia Newcastle Port thermal coal price index at the end of May from the 138.4 U.S. dollars / ton basis, rose to 151.7 U.S. dollars / tons, a record high, push up coal prices in international markets. Vietnam coal prices spiraling out of consideration, requirements and Chinese companies signed a long-term contract prices to be adjusted once half a year. In addition, the recent shipping of coal prices, coal carrier based in Panama to ship freight rates rebounded strongly, pushing up imports of coal from Australia and other countries CIF. Third, the major coal exporting countries in ASEAN resource protection. Conservation has become the world's theme, as the world increasingly fierce battle for energy, Association of Southeast Asian Nations to protect the major coal exporting countries will also enhance their own resources. Such as in February 2008, Vietnam to meet its domestic needs, 32% reduction in coal exports, which China's total coal imports will be reduced by 19%, and from June 1 from Vietnam to unilaterally stop the activities of Sino-Vietnamese border trade of coal, in addition, From June 18, the Vietnam Coal export tariff will be further increased to 20%. Affected by this, the first half of Fujian Province, coal imports from ASEAN dropped by 25.4%.

To this end, Fuzhou Customs proposed: First, macro-control efforts, strict access management industry, optimize the industrial organization and layout, to strengthen macro-management of coal imports, effectively inhibit the excessive growth of domestic coal imports. Second, encourage and guide enterprises to actively explore diversified markets, through the establishment of overseas coal supply bases, signed a stable supply of long-term supply contracts, maintain a steady supply of coal imports. Third, efforts to increase strategic reserves of coal, energy saving awareness, and actively guide the rational improvement related to use of coal unit processes, to strengthen energy conservation and efficient use.

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