Five major power groups to increase import and coal-throwing power bargaining chips

Reporter Xu Wei is afraid of the scene business card can not send all, Xinwanzer speech, do not forget to make a small ad, let Taiwan under the Chinese power enterprise responsible person to write down his mobile phone number, in order to timely contact. Pibaudis, the coal sales manager of Peabody China, the largest coal company in the United States, is selling coal to domestic electricity companies that want to buy more coal, using the "first foreign coal-electric enterprise to confront the dialogue". "Basically, we can find the coal specifications that the domestic electricity companies need."　　"said the fan. This is happening in China Electric power enterprise overseas coal Negotiations Procurement meeting (hereinafter referred to as overseas Coal Purchase meeting) on the scene.　　May 23, Huaneng, Datang, Guo Dian, Huadian, CLP and China Resources, Zhejiang, and other 9 domestic power enterprises in charge of fuel executives all the scene, with from Russia, Australia, the United States, Indonesia and other countries, 17 international coal producers and traders to negotiate coal procurement.　　The overseas purchase of the site did not direct orders, but in the domestic 2009 key contract electric coal negotiations have not been progress, and the previous four months of China's coal imports of the large rise in the background, purchase will cause a high degree of concern in the industry.　　Meeting, participants to avoid the purchase will be to the domestic coal enterprises to pressure to increase the bargaining chips of coal power game, but to increase imports to "stabilize the domestic coal prices" has been the consensus of the power enterprises. International coal business market for many international coal dealers, China is still a strange markets, some enterprises with the Chinese power companies contact is the first time. China Electric Power Enterprise Federation Fuel Branch President Jeangusen pointed out: "As long as cost-effective competitive, the importer requirements, no matter the size, sooner or later." "As the world's largest coal producer and consumer, China's coal exports and imports have remained in the basic balance for a long time, even in the 2008 years of tight coal supply and demand." According to customs statistics, China's coal exports in 2008 45.43 million tons, while coal imports 40.4 million tons, net 5.03 million tons. Since this year, the pattern of import and export balance has been basically broken, and the import volume has obviously increased.　　The first quarter of China's imports of coal 13.59 million tons, an increase of 24.1%, and the export of coal is only 7.38 million tons, down 27.6% year-on-year, compared to the net import 6.21 million tons. "It is expected that the number of coal imports will continue to grow in 4 to 52 months, and that the growth rate is higher than in the first quarter."　　"said the settlement minister. The main inducement for Chinese coal enterprises to increase import is that domestic coal price is higher than international coal price. It is understood that this year, Australia, Indonesia, Russia, Vietnam and other coal enterprises with China's electric power enterprises to increase exchanges, in some international business organizations, the introduction and matchmaking, signed a certain number of imported coal contracts.　　According to the China-ITU statistics, the current power companies to sign imports of coal has been far more than 10 million tons. Xinwanzer said: "The coal used for export is mainly in Australia, after the export focus area is Japan, South Korea and Taiwan, because of the international financial crisis, these areas of coal demand this year greatly reduced, so we turn the targetChina.　　"While other international coal companies such as Rio Tinto are facing similar conditions, Lu Hongquan, chief representative of Rio Tinto's mining China, told reporters:" The pressure on Rio Tinto's coal sales has been growing this year, and it has had to shift its target to the Chinese market, where a considerable amount of coal has been entering China for 4 If Japan and South Korea and other regions to reduce the demand for all of China, it will be a very spoiled large number. China Merchants Securities (Hong Kong) Coal power analyst Shi Yu told the newspaper, Australia 2009 new production capacity of 14 million tons (3.3 million tons of power coal, 10.7 million tons of metallurgical coal), the port's loading capacity in 2009 also expanded larger.　　If Australia, Japan and South Korea cut production by 40% of the coal demand, plus new production can be all exported to China, or will be able to account for China's total coal sales 17-18%. "Five big Power" import path map "Five big power" the largest Huaneng group in the first 4 months of this year imports 1.7 million tons of coal. The number of imports in 2007 and 2008 was only 2 million tonnes and 2.9 million tonnes. Liukang, deputy general manager of Huaneng International, said: "From the two quarter onwards, the monthly coal imports of China will be more than 1 million tons."　　"This also indicates that only Huaneng, 2009 coal imports will be more than 10 million tons, accounting for its coastal along the 15 power plant coal consumption 20-25%." For the idea of increasing the import of coal, Liukang introduced, China can be 15 power plants along the coast of the country divided into three: in the northern region of Dalian, Dandong, Yingkou and Weihai and other regional power plants to take into account the logistics costs, mainly rely on domestic coal, including China can produce coal, and the Yangtze River basin including Shanghai, Nantong, Taicang,　　Rizhao and other areas of power plants mainly domestic, supplemented by imports, "the balance will be adjusted according to market conditions", and the south of the Yangtze River Yuhuan, Fuzhou, Shantou, Haikou and the upcoming production of Hainan Power plant will be imported coal as the main channel. Liukang also pointed out: "Around the power plant for coal, Huaneng will be in the north, central and south formation of three logistics nodes, the North chooses Yingkou port, the Yangtze River basin to call Taicang port, and the Yangtze River South may be built in Guangdong Haimen a large logistics center, so that the dock and coal transport matching. In addition, Huaneng also relies on Xiamen port to import coal to support Jiangxi Power plant to solve the problem of excessive reliance on high prices Huainan coal in Jiangxi Power plant. "At present, the price of imported coal in the region is much cheaper than that of Huainan coal, which in addition to reducing costs is also conducive to domestic coal business negotiations."　　"Liukang said. Datang Group has 4 coastal power plants, with a total of about 19 million tonnes of coal a year.　　According to Dudomin, deputy general manager of Datang Group's Fuel Management Center, this 1-April, Datang's total import of 575,000 tons of coal, the average CIF price than the domestic coal low 20-40 yuan. Dudomin said: "Imported coal as a guarantee of supply and reduce the cost of one of the means, Datang group will continue to adhere to the principle of market procurement, timely procurement of imported coal. The number of power plants along the coast of China Electric Group and Huadian Group is 11 and 6 respectively, which consumes coal every year.Volume is 40 million tons and about 16 million tons, but also want to import to supplement the coal demand.　　Guo Electric Group, director of Fuel Management Ma Xiaoping pointed out that although the National Electric group overall strategy is mainly domestic procurement, supplemented by overseas procurement, but 40 million tons of annual coal consumption, even if 20% through import procurement, the amount will reach 80.01 billion tons. Huadian Coal Industry Group deputy general manager Sun Bingfo also told reporters: "At present, Huadian Group is continuing to organize the import of coal, starting in February, the monthly import volume between 20.8 million tons, this year also plans to purchase 3 million tons, the next step is based on the import of coal prices, the appropriate increase in coal imports.　　"And for the 2009 coal production will reach 42 million tons of China electric Investment Group, because of its own mainly lignite, the need to supplement some of the high calorific value of the power of coal combustion, which also provides an opportunity for international coal dealers, the main areas include the Yangtze River Basin region and the South Zhujiang Delta.　　The international financial crisis has led to a reduction in international coal prices since October 2008, but the actual increase in imports by domestic power companies is mostly in February this year. In this regard, Dudomin that, mainly because last year 11, December domestic coal prices fell faster than the international market, so the coal import volume did not increase significantly.　　But into the 2009, because of coal to raise the demand for higher prices, coal power has not yet signed this year's coal contract, and China from this year on the import of coal to implement a zero tariff policy, so in both quantity and price on the import of coal to provide a possibility.　　To increase the import of electric coal is the opportunity to pressure the domestic coal enterprises to increase coal power bargaining chips, the participants in power companies declined to comment, but to increase imports to "stabilize domestic coal prices" and enhance bargaining power is the consensus of the power enterprises. Ma Xiaoping pointed out: "According to the current international and domestic different market situation, I think that imported coal is the inevitable trend of Chinese power enterprises, especially the coastal power plants along the coast, the power enterprises need to import some coal from overseas to supplement the demand and stabilize the domestic market prices." "And the settlement minister believes that the increase in electric coal imports have three functions: including quality, replenishment and bargaining."　　He pointed out that because the domestic coal market is more special, sometimes it is difficult to truly reflect the market supply and demand, such as limited-price insured, safety rectification, so the power enterprises have the demand and the idea of bargaining should be.　　But the cost advantage of imported coal is also affected by changes in international coal prices and sea prices, and recently, the BDI (Baltic Dry Bulk Index) has risen from the lowest 600多 points since the financial crisis to 2,665 points on May 21, raising the cost of coal imports by 14 days. Liukang said: "Huaneng in March when the BDI index is low, has ordered about the 50-60% of the ship, but also some of the ship has so far still not locked." But even at today's shipping prices, the coal is still guaranteed to be cheaper than domestic coal prices. "Correlation DivisionThat the main factor in the rise of the BDI index is also related to China's increased imports of bulk dry bulk goods such as coal and iron ore, so the domestic electricity companies to increase import coal should also pay attention to the possible international coal prices, so as to make the import loss of price advantage.　　Market volatility is also the drawbacks of spot trade, usually foreign coal importers and exporters tend to be based on the long association mode of trade, but from the current situation, the domestic electricity companies mostly choose spot trade. Jeangusen explained that China and Japan are different, the former is a coal-producing country, and coal production can fully meet the demand of power enterprises, but some special factors cause the international and domestic two market deviation, so it increased the number of coal imports.　　If the domestic coal prices moderate, or according to market rules, it may also have to resell from the domestic procurement of coal. There are also electricity companies think that the long association more valuable. CLP Investment Fuel Management Center Director Cao Shu said: "China electric investment through the import of high-quality power coal and domestic coal blending needs a stable supply ratio, the supply mechanism should be long-term stability, so the long trade model is more secure." ”