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Daily Market Watch
Fenwei Energy Consulting Co., Ltd Issue 478 Monday Sep 24, 2012
Shanxi defers pollution charges in coke
industry
Northern Chinas Shanxi province, the countrys top
coke producer, has decided to defer the collection of
pollution charges from coking companies in the second half
of the year to alleviate their heavy burdens, according to
relevant provincial authority.
The pollution charges on coke production range from 18
yuan/t to 200 yuan/t, based on the mechanization level of
coking equipment and the degree of pollution prevention
and control, according to the standard set earlier by the
provincial government.
In the first eight months, Shanxi produced 56.58 million
tonnes of coke, dropping 5.2% year on year, and accounting
for 19.0% of the national total output.

China Coal to invest huge in coal bases
China National Coal Group, the countrys second largest
coal producer, has planned to invest heavily in coal bases in
Inner Mongolia and Shaanxi to boost its production capacity,
sources reported.
During the 12th Five-Year Plan period, the group plans
to invest 200 billion yuan ($31.71 billion) to build a batch of
super-large coal mines with designed yearly capacity above
10 million tonnes, as well as large-scaled coal-to-chemical
projects, said Zhou Dongzhou, the board secretary of the
company.
By 2015, the last year of the 12th Five-Year Plan, the
company is expected to achieve annual production capacity
of more than 300 million tonnes, he added.
Despite steep price fall in the domestic market, China
Coal will not change its annual production target in 2012
with a 5% increase year on year.

Coal Prices at Chinese Ports on Sep 24, 2012

CV
(Kcal/kg, NAR)
Price
(USD/t)
Price
(Yuan/t)
WoW
(Yuan/t)
QINHUANGDAO PORT
Domestic Coal (FOBt, inc. VAT)
Thermal >5800* 111.00 700 0
Thermal >5500 100.69 635 0
Thermal >5000 88.01 555 0
Thermal >4500 72.94 460 0
GUANGZHOU PORT
Domestic Coal (Ex-stock, inc. VAT)
BT lump >5500 145.89 920 0
Shenmu lump >6100 161.75 1020 0
Shanxi P. mix >5500 117.34 740 0
Shanxi P. mix >6000 131.62 830 0
Shenmu P. mix >6000 136.37 860 0
Shenmu mix 1# >5500 119.72 755 0
Zhunger coal >4500 93.56 590 0
IM thermal >4500 96.73 610 0
Imported Coal (Ex-stock, inc. VAT)
Vietnam >4800 91.97 580 0
Australia >5500 107.83 680 0
S. Africa >6000 114.17 720 0
Indonesia >5500 91.97 580 0
Indonesia >4800 85.63 540 0
Source: China Coal Resource.
Note: P. mix, premium mix; BT, bituminous coal; IM, Inner Mongolia;
*adjusted down from 6000 kcal since Jun 21, 2011 on quality deterioration;
Ex-stock: The price for coal sold at warehouse or storage yard at loading
ports, including the pre-storing price, VAT charge and the storage fee.
For complete specifications, including volatile matter
and sulphur content, please visit http://en.sxcoal.com



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Coal Prices at Main Chinese Areas on Sep 24, 2012
Coal Type Specification
Price
(USD/t)
Price
(Yuan/t)
WoW
(Yuan/t)
Delivery
(inc. VAT)
Thermal Coal
Datong/Shanxi Weak-caking CV>6000,A<10%, V>32%,S<1% 81.67 515 0 FOR
Huairen/Shanxi Gas CV>4800,A<28%,V>32%,S<1% 61.05 385 0 FOR
Jingtang Port Thermal CV>5800 111.00 700 0 FOBt
Ordos/IM Thermal CV>5500,A<10%,V>35%,S<0.5% 61.05 385 10 Mine-mouth
Coking Coal
Lingshi/Shanxi Washed 9# fat G>85,A<10%,V>32%, S<1.6% 145.10 915 0 FOR
Liulin/Shanxi Washed 4# coking G>85,A<9%,V>21%, S<0.5% 182.36 1150 0 FOR
Handan/Hebei Washed coking G>74,A<10%,V>25.7%, S<0.7% 179.98 1135 0 EXW
Qitaihe/HLJ Washed fat G>100,A<10%,V>30%, S<0.3% 210.90 1330 -50 FOR
Huainan/Anhui Washed 1/3 coking G>84,A<9%,V>30%,S<0.5% 190.29 1200 0 FOR
Pingdingshan/Henan Washed coking G>75,A<9%,V>28%,S<0.5% 191.87 1210 0 EXW
Liupanshui/Guizhou Washed coking G>86,A<10%,V>26.6%,S<0.6% 202.97 1280 0 EXW
Anthracite
Yangquan/Shanxi Washed small CV>7000,A<9%,V<6%,S<1% 174.43 1100 0 FOR
Jincheng/Shanxi Mid-lump CV>6800,A<14%,V<7%,S<0.5% 190.29 1200 0 FOR
Jiaozuo/Henan Small CV>7000,A<11%,V<6.9%,S<0.3% 191.08 1205 0 FOR
Yongcheng/Henan Mid-lump CV>7000,A<11%,V<8%,S<0.4% 205.35 1295 0 FOR
Shizuishan/Ningxia Lump CV>6000,A<13%,V<6.7%,S<0.2% 131.62 830 0 EXW
Liupanshui/Guizhou Lump CV>7000,A<10%,V<8%,S<0.9% 141.13 890 0 Mine-mouth
PCI Coal
Shouyang/Shanxi PCI CV>7300,A<11%,V<12%,S<0.8% 141.92 895 0 FOR
Yangquan/Shanxi PCI CV>7500,A<10%,V<8%,S<0.65% 143.51 905 0 FOR
Handan/Hebei PCI CV>6000,A<11%,V<12.5%,S<0.3% 126.86 800 0 FOR
Source: China Coal Resource.
Note: AN, anthracite; IM, Inner Mongolia, HLJ, Heilongjiang; FOR, free-on-rail; EXW, ex-works;
CV, NAR basis; A, ash content, air dry basis; V, volatile matter, air dry basis; S, total sulphur, air dry basis; G, caking index



CR China Coal & Coke Spot Price Index on Sep 24, 2012
Index Category
Delivery
(inc. VAT)
Specification
Price
(USD/t)
Price
(Yuan/t)
WoW
(Yuan/t)
CR (QHD) Datong premium FOB CV>5500, A<16%, S<1% 101.49 640 5
CR (GZ) Indonesia thermal CIF CV>5000, A<14%, S<0.6% 67.55 426 -10
CR (JT) Primary coking CIF A<8%, V<25%,S<0.6% 161.11 1016 -62
CR (TJ) Grade I met. coke FOB A<12.5%, V<1.5%,S<0.65% 229.93 1450 0
Source: China Coal Resource
Note: CR (QHD), CR Qinhuangdao Thermal Coal Price Index; CR (GZ), CR Guangzhou Imported Thermal Coal Price Index;
CR (JT), CR Jingtang Imported Coking Coal Price Index; CR (TJ),CR Tianjin Met Coke Price Index
For more details about quality specifications and premium/discount on changes of quality, delivery, etc, please visit
http://en.sxcoal.com/coalprice.aspx



Coal Ports Roundup Unit: 1000 tonne, excl. marked *
Qinhuangdao Port
Sep 20 Sep 21 Sep 22 Sep 23 Sep 24
Rail supply 665 607 682 669 676
Coal handling 672 760 742 686 714
Vessel queue* 117 122 123 124 126
Vessel expected* 28 14 15 12 24
Stockpile 6,624 6,467 6,409 6,453 6,464
Domestic 6,624 6,467 6,409 6,453 6,464
Export 0 0 0 0 0
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Daily Market Watch is published by China Coal Resource (CCR) website. All information, text, materials, graphics are Copyright 1999-2012
Shanxi Fenwei Energy Consulting Co., Ltd., its associated companies, suppliers, and/or licensors unless expressly indicated otherwise.
Considerable efforts have been made to ensure the accuracy of the information in this publication. However, CCR cannot accept liability of any
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0086-351-7219 322 or email at info@coalresource.com

SDIC Jingtang Port
Sep 20 Sep 21 Sep 22 Sep 23 Sep 24
Coal handling 145 124 134 145 124
Vessel queue* 19 18 19 18 20
Vessel expected* 12 11 13 10 11
Stockpile 1,030 1,040 1,040 1,030 1,050
Caofeidian Port
Sep 20 Sep 21 Sep 22 Sep 23 Sep 24
Rail supply 204 187 146 195 187
Coal handling 149 215 176 204 122
Vessel queue* 19 23 22 22 21
Vessel expected* 11 11 13 14 18
Stockpile 2,800 2,800 2,800 2,790 2,820
Guangzhou Port
Sep 20 Sep 21 Sep 22 Sep 23 Sep 24
Stockpile 2,677 2,746 2,705 2,705 2,718
Xinsha 1,390 1,400 1,380 1,380 1,390
Xiji 550 540 530 540 520
Xingang 35 109 104 97 125
Huangpu 702 697 690 688 684
Tianjin Port
Sep 17 Sep 18 Sep 19 Sep 20 Sep 23
Rail supply 15.4 20.0 20 25 28.5
Road supply 82.7 68.1 68.1 66.9 71.9
Coal handling 73.0 98.5 98.5 82.4 116.4
Stockpile
4,027 4,017 4,017 4,057 4,001
Source: China Coal Resource
Note: SDIC, State Development and Investment Corp.