Coal prices at home and abroad gradually converge

In recent years, the degree of opening to the outside world of the coal market in China has continued to increase, and the amount of imported coal has increased significantly year by year. China has turned from a traditional coal exporter to a net importer of coal every year.

In 2013, the country had a net import of 320 million tons of coal. While the coal import volume increased substantially, the prices of the coal market at home and abroad gradually converged, showing a pattern of simultaneous and same amplitude changes. Taking China's Qinhuangdao Port 5500 kcal thermal coal and Australia's Newcastle Port BJ thermal coal prices as examples, in 2003, Qinhuangdao Port 5,500 kcal thermal coal price was 262 yuan / ton, Australia's Newcastle Port price was 25 US dollars / ton; 2008 In October, the domestic highest point was 895 yuan / ton, the same period in Australia price is 140 US dollars / ton; Recently, the domestic price dropped to 530 yuan / ton, the Australian price dropped to 73 US dollars / ton. This shows that the integration of China's coal market with the international market has become increasingly apparent, and the linkage between domestic and international coal prices has become increasingly close.