Specialist
Former VP at Beijing Zhong Mei Times Science & Technology Development Co Ltd (CCTD)
Agenda
- China’s thermal coal imports vs domestic production – pricing trends and influence factors
- Quality differences between domestic and imported thermal coals
- China’s thermal coal inventory dynamics
- Thermal power stations’ selection criteria for thermal coal, power generation costs and profit dynamics
Questions
1.
Can you review the changes in the price of thermal coal at coal mines and ports from November 2020 to February 2021? What are the influence factors behind the changes?
2.
In mid-to-late January, the coal price both at ports and coal mines plummeted. What are the major reasons for the sharp drop? Is it because companies in the demand segment saw faltering demand?
3.
What do you think of the change in thermal coal demand in China’s market in 2021 compared with that in 2020? What are the major influence factors for this change? What are your conservative and optimistic estimates of the thermal coal demand in 2021?
4.
What do you think of the growth rates of thermal coal demand and production capacity in 2021 compared with those in 2020?
5.
Based on the estimation of the supply in 2021, what will be the price change of thermal coal in 2021? What will be the prices in the middle of the year and at the end of the year?
6.
Let’s talk about the import of thermal coal and brown coal. Would you please first predict the trend in 2021 by region? What will be the volumes of imported thermal coal in 2021 from major exporters such as Australia, Russia, Mongolia and Indonesia?
7.
Can you explain the difference in the quality of thermal coal imported from Australia, Russia and Indonesia?
8.
What are the selection or procurement criteria for thermal coal from Australia, Russia and Indonesia and domestic thermal coal in thermal power stations in different regions? What are the advantages and disadvantages of the coal from different places?
9.
We have predicted the demand dynamics of thermal coal. Can you predict the daily consumption of thermal power stations in different periods of time in 2021? What about your prediction of thermal power stations’ profit margins in 2021?
10.
What do you think of thermal power stations’ profit margins in 2021 and beyond? Will their profit margins keep decreasing? What do you think of the thermal coal market?
11.
How do you expect the inventory of thermal coal at ports to change in 2021?
12.
In the future 5-8 years, how will the implementation of environmental protection policies affect thermal power generation and the thermal coal market? Will the actual impacts of these policies be very significant?
13.
In 2021, is there anything about the domestic thermal coal market that is worth our attention or is there any crucial time points worth noting?
