Decrease of Action Force in coking coal lower than coal price

At present, the domestic coking coal market is bleak. The price of coking coal is now 1180 yuan/ton, according to 100ppi.com, the commodity data trader business, which fell 11.6% in September, and 28.5% per cent year-on-year. Since March, the price of coking coal continued to "Fall and Fall" pattern, of which the domestic leading coking coal production enterprises prices slashed, the prices of coking coal around the fall, prices continue to brush the low. According to Shunyu, a coal analyst at the business community's energy division, the slowdown in domestic economic growth in the third quarter did not appear to be bottoming out as the market expected, and the stimulus policy was delayed. With the investment closely related to the coking steel industry chain pressure is obvious, overcapacity problem more prominent. Under the influence of slowing demand in the lower reaches, coal enterprises have cut production and limited output, and the downward trend of coking coal is obvious. Coal production remains surplus relative to reduced demand. Data show that January-August this year, the national coal production of 2.57 billion tons, an increase of 4.4%. The data also showed that in January-August, the country's coal sales were 2.47 billion tonnes, an increase of 4% per cent and a 10.7% drop in growth. Among them, August sales volume of 289 million tons, down 6.2%. 1-August China accumulated 185 million tons of coal imports, an increase of 46.83%. The annual increase in coal production exceeds demand growth, imports remain high, the pressure on oversupply is still very high. September 30, the business community released the China Commodity Supply and Demand Index (BCI) was 0.33, both rose to 2.24%, reflecting the month of the manufacturing economy in the last month expansion, expansion momentum continued to increase, the economic stability of the obvious. Shunyu that: Since August, the coal companies began to make limited prices, coking coal price decline narrowed, August coal import volume of 20.44 million tons, down 0.82% year-on-year, supply has a contraction trend. In addition, global monetary easing will push up commodity prices, as the business community BCI reflects, the domestic economic stability is obvious. Affected by this, the future decline in coal prices power weakened, rebound momentum increased. Building materials and building materials plate holding steady small rise. After the previous decline, the price base has been established, the delayed effect of enterprise production is also displayed, so step into the September, cement, glass and other products gradually showed a steady rebound in prices, corporate inventory decline, profitability gradually recover a good situation. Fang, a senior analyst at the Business community Building Materials Division, said the four quarter is the building materials industry's traditional peak season, the National Development and Reform Commission was heavily approved a large number of infrastructure projects, or further boost market confidence, but because the current product inventory is still in the historical high, digestion still need time, so it is expected that the recent building materials plate will gradually warmer, slow upward Agricultural Deputy Agricultural Deputy plate ushered in a callback. The grain variety develops steadily; The weather hype is nearing its end, the price of beans fell sharply, early in the spot market with the rise due to high prices, weak demand has also been a small correction; new corn listing imminent, the market accelerated shipments, the buyer cautious wait and see, the price continues to go down; the white sugar to buy and pull up to use very little, into the squeeze seasonAdd Frost. Fang, a senior analyst at the Sub-branch of the business community, said the decline was a correction to the previous overheated market, but the plate fell by a narrow margin as it entered the peak season. But it can be seen that as a bulk transaction, the "anti-decline" property of agricultural products is gradually weakened, and the trend of increasing price fluctuation is worth the attention of the market. Chemical business, senior analyst Zhang Ming, the September domestic chemical market overall higher, "Golden Nine" arrived on schedule, this mainly benefit in the international crude oil high volatility, as well as market participants on the QE3 policy of the impact of the correct expectations, at the same time, some products demand peak season normal arrival, downstream procurement positive, Also will be part of the product push up for the monthly star products. Based on data comparison over the years, some of the chemical products relative to the international crude oil price level has been high, due to the dissatisfaction of some downstream enterprises, more and more unconventional parking overhaul is expected to weaken with the late market demand, pure benzene, toluene, xylene, maleic anhydride, crude benzene and other products will face a sharp correction of the risk, "Silver ten" Fineness or will be insufficient.