China coastal coal freight rates down to multi-mth low

lcjxyj.net Price,  Ports,  Seaborne Shipment,  Thermal Coal 2018-02-13 15:18:00

Freight rates for shipping coal from northern China ports to the south suffered a sharper decline from the second half of last month, data showed from industry portal lcjxyj.net.


Historically, the freight rates always remain low when the Lunar New Year draws near. During the month of 2017 Lunar New Year holiday that started January 28, freights for 50,000-60,000 DWT vessels on route of Qinhuangdao-Guangzhou averaged 29.25 yuan/t, a far cry from 35.99 yuan/t in December 2016.


This is mainly due to low demand of thermal coal southern utilities use for power generation as most industrial factories rest one or two weeks ahead of the holiday.


Besides the factor of the slack season, both traders and power plants were more prudent of coal purchases after the central government issued the 750-yuan/t price ceiling from February 5, as they were not sure about policy changes next.


On February 12, freight of 50,000-60,000 DWT vessels from Qinhuangdao to Guangzhou stood at 30.5 yuan/t, a new low since 30.4 yuan/t on May 12, falling straightly by 28.7 yuan/t from the recent high of 59.2 yuan/t on January 24.



On the same day, freight rate of 40,000-50,000 DWT vessels from Qinhuangdao to Shanghai port was 22.3 yuan/t, falling into the lowest since 22 yuan/t on February 8, 2017; that on route of Qinhuangdao-Ningbo for 15,000-20,000 DWT vessels at 33.1 yuan/t, down 29.2 yuan/t from the recent high of 69.3 yuan/t on January 23.


Freight rate of Qinhuangdao-Zhangjiagang route on 20,000-30,000 DWT basis dropped to 30.1 yuan/t on February 12, down 30.8 yuan/t from 60.9 yuan/t on January 24.


Rate on route from Qinhuangdao to Fuzhou decreased 11.6 yuan/t from the month's beginning to 31 yuan/t, on 30,000-40,000 DWT basis.


Routes from other northern ports like Tianjin, Jingtang and Huanghua also showed the same trend. Freight rate of 30,000-40,000 DWT vessels from Huanghua to Shanghai stood at 23.9 yuan/t on February 12, down 16.8 yuan/t from 40.7 yuan/t on January 31.


(Writing by Alex Guo   Editing by Harry Huo)
For any questions, please contact us by inqury@fwenergy.com or +86-351-7219322.

Editors Recommendations

1 Shenhua 2017 profit hits 5-yr high as China's de-capacity move boosts coal 2018-03-26

China Shenhua Energy Co., Ltd, the country's biggest coal miner, said its 2017's profit jumped to the highest level since 2012 as robust demand and the government-led capacity cuts helped bolster pric

2 Weekly China coal market news summary (Mar 19 - Mar 23) 2018-03-26

China's shift to clean heat will continue Farmers in Xinyu, a village in Haimen, Jiangsu province, install solar panels on their roofs. The panels will reduce the use of electricity generate

3 China Feb coking coal imports down 42.49% on mth 2018-03-23

China imported 2.91 million tonnes of coking coal in February, down 32.8% year on year and 42.49% from January, showed data from General Administration of Customs on March 23. The value o

4 China Feb thermal coal imports up 46.45% on yr 2018-03-23

China imported 9.49 million tonnes of thermal coal (bituminous and sub-bituminous) in February, rising 46.45% from the preceding year yet down 19.30% month on month, showed data released by the Gen

5 China considers slapping tariff on US imports countering Trump's tariff policy 2018-03-23

China's commerce ministry issued a suspension-of-concessions list of 128 American products, aiming to balance losses from the US's new tariff policy on steel and aluminum products. The li

6 China's power grid operator accomplishes an acquisition project in Chile 2018-03-23

At the stock exchange meeting in Santiago on local time March 19, China Southern Power Grid (CSG) finally stood out of the competition and managed to acquire 27.8% stakes of Chile's largest power grid

7 China Coal 2017 unit production cost leaps 21%, CFO 2018-03-23

China Coal Energy Co., Ltd, the listed subsidiary of China National Coal Group, saw its production cost for per tonne coal output climb 21% in 2017 from a year ago, said Chief Financial Officer Chai Q

8 China's coking coal road transport frequently affected by air pollution control 2018-03-22

After the Lunar New Year, China's environmental clear-out has strengthened and air pollution alarms have frequently gone off in the major coking coal bases, affecting coal output and trucks transport

9 China's natural gas peak-regulation capacity gap reaches almost 50% 2018-03-22

According to a plan from China's top economic planner the National Development and Reform Commission that "the sales party needs to build 10% of peak-regulation capacity matching with the natural g

10 Five Guodian Group's listed subsidiaries transfer to new shareholder CHNENERGY 2018-03-22

Five listed subsidiaries are transferring from the previous parent China Guodian Corp to the new shareholder China Energy Investment Group (CHNENERGY), as a following step to the historic marriage bet

Most Read Articles

1 11 auctioned coal mines in India to start production from Jun 2018-03-19

As many as 11 coal blocks, which were non-operational at the time of auction, are likely to start production from June this year, Indian Parliament was informed on March 17. Among the 17

2 China considers slapping tariff on US imports countering Trump's tariff policy 2018-03-23

China's commerce ministry issued a suspension-of-concessions list of 128 American products, aiming to balance losses from the US's new tariff policy on steel and aluminum products. The li

3 India coking coal imports up 12.1% in the first 11 mths of FY2018 2018-03-21

India coking coal imports increased to 43.53 million tonnes from 38.83 million tonnes during the first 11 months of FY2018 (April 2017 - February 2018), a jump of 12.1% over same period last year, acc

4 'Remarkable strides' in air pollution improvement, official 2018-03-19

China has made remarkable strides in containing and preventing air pollution over the past five years, according to Li Ganjie, minister of environmental protection. The concentrations of

5 State Grid to invest 21 bln yuan in upgrading China rural power grids over 2018-20 2018-03-21

The State Grid Corporation of China will invest 21 billion yuan ($3.2 billion) in upgrading power grids in some rural areas, reported Economic Information Daily on March 21. These r

6 China's power grid operator accomplishes an acquisition project in Chile 2018-03-23

At the stock exchange meeting in Santiago on local time March 19, China Southern Power Grid (CSG) finally stood out of the competition and managed to acquire 27.8% stakes of Chile's largest power grid

7 Nippon Steel settles 1Q PCI, semi-soft coking contracts 2018-03-20

Japan's Nippon Steel and Sumitomo Metal (NSSMC) has agreed a first-quarter 2018 pulverised coal injection (PCI) contract price of $159/t FOB Australia with Australia-listed producer Realm Resources. T

8 Glencore to acquire Hail Creek coal mine in Queensland 2018-03-21

Glencore has reached agreement to acquire Rio Tinto's 82% interest in the Hail Creek coal mine and adjacent coal resources, as well as its 71.2% interest in the Valeria coal resource in central Queens

9 11 mines allotted to Coal India to add 225 mln T in annual output 2018-03-22

Allocation of 11 mines to Coal India (CIL) arms - ECL, WCL and BCCL - will enhance its annual output by 225 million tonnes, Parliament was informed on March 21. CIL has requested the gove

10 China's shift to clean heat will continue 2018-03-20

Farmers in Xinyu, a village in Haimen, Jiangsu province, install solar panels on their roofs. The panels will reduce the use of electricity generated by thermal power plants. China will u