According to data released by the General Administration of Customs on March 8, China exported 657,000 tons of coal in February, an increase of 189,000 tons, an increase of 40.4%, and an increase of 55,000 tons, an increase of 9.1%.

Coal exports in February amounted to $97.7 million, an increase of 61.8% over the previous year, and a decrease of 11.5% over the previous year. Based on this, the unit export price is estimated to be 148.7 US dollars per ton, down by 34.7 US dollars per ton annually and up by 19.6 US dollars per ton year on year.

From January to February 2019, China exported 1.259 million tons of coal, an increase of 68.1% over the same period last year; the cumulative export amount was US$208.1 million, an increase of 77.0% over the same period last year.

According to data released by the General Administration of Customs on March 8, China imported 17.641 million tons of coal in February, a decrease of 3.265 million tons, a decrease of 15.6%, and a decrease of 15.862 million tons, a decrease of 47.3%.

Coal imports in February were $119.3 million, down 33.3% and 57.5% year-on-year. Based on this, the unit price of imports is estimated to be $67.5 per ton, down 16 dollars per ton annually and 17.8 dollars per ton year-on-year.

From January to February 2019, China imported 51.145 million tons of coal, an increase of 3.8% over the same period last year; the cumulative import amount was 3988.7 million US dollars, a decrease of 5.0% over the same period last year.

Since 2016, China’s seaborne imports of coal have been increasing year by year. China still accounts for 30% of the world’s seaborne coal while the domestic coal production remains high.

In terms of imports in recent years, Indonesia, Australia, Mongolia and rising Russia have become the main sources of coal in China. In 2018, China’s coal imports have increased to 281.5 million tons, setting a new record.

In the early morning of Wednesday, Beijing Time (March 6), data released by the American Petroleum Association (API) showed that API crude oil stocks in the United States increased by 7.29 million barrels, an expected increase of 388,000 barrels, gasoline stocks decreased by 391,000 barrels, refined oil stocks decreased by 3.1 million barrels, and after the data were released, U.S. oil short-term declined rapidly, reporting a drop of 0.55% to $5628 per barrel.

Zero Hedging, a well-known financial blog, said that API crude oil inventories fell unexpectedly last week and investors expected a slight increase in crude oil inventories this week, but the data showed that crude oil inventories increased by 7.29 million barrels. After the data was released, U.S. oil short-term declined rapidly.

According to data released by the American Petroleum Association (API), U.S. crude oil stocks surged last week, gasoline stocks fell less than expected, and refined oil stocks fell more than expected.

API announced that as of March 1, U.S. crude oil stocks increased by 7.29 million barrels to 451.5 million barrels last week, while Cushing crude oil stocks increased by 1.13 million barrels.

API announced that gasoline stocks fell by 391,000 barrels last week and refined oil stocks by 3.1 million barrels last week.

API data also show that U.S. crude oil imports increased by 801,000 barrels a day to 6.9 million barrels a day last week.

In recent days, the acrylic acid market trend is relatively stable, and prices fluctuate in a narrow range.

Acrylic acid factory stock is not high, the price of the manufacturer is firm, downstream demand remains stable, terminal buyers have a certain interest in inquiry, the holder stock is normal, quotation changes little.

From the manufacturer’s point of view, the acrylic acid plant starts smoothly, the supply pressure is not big, and the price rises slowly. Among them, the sales of northern manufacturers are relatively stable, the price is rising steadily, the mainstream quotation is 8600-8900 yuan (ton price, the same below); the supply of Southern manufacturers is tight, the price is slightly increased, the mainstream quotation is 8750-10000 yuan.

Regionally, the East China market has maintained a steady trend with little price change. The mainstream price of the primary market of Pu-acid is 8400-8600 yuan, and the mainstream price of Jing-acid is 8900-9000 yuan. The supply of goods in the South China market is insufficient, the high-end price rises slightly, and the mainstream price of the primary market of Pu-acid is 9200-9500 yuan. The negotiation atmosphere in the North China market is dull, the price is weak and the mainstream price of the primary market of Pu-acid is 8300-8500 yuan. The price of refined acid ranges from 8900 yuan to 9000 yuan.

Later, the acrylic acid market is short of bright spots and the volume growth is slow. It is expected that the short-term market will be dominated by narrow consolidation.

China Coal Industry Association released a report on March 1 that in 2018, China’s coal market has basically balanced supply and demand, coal prices fluctuate in a reasonable range, and industry benefits continue to improve.

According to the Annual Report on the Development of the Coal Industry in 2018, the main objective of the “13th Five-Year Plan” to remove coal production capacity was basically completed in 2018, with the coal industry turning from total production capacity to systematic production capacity and structural high production capacity.

According to reports, in 2018, the main business income of Coal Enterprises above the national scale was 2.27 trillion yuan, an increase of 5.5% over the same period of last year, and their profits were 288.82 billion yuan, an increase of 5.2% over the same period of last year. According to the statistics of the association, the total profit of 90 large enterprises (including non-coal) is 156.3 billion yuan, an increase of 26.7% over the same period last year. The ratio of assets and liabilities of Coal Enterprises above scale is 65.7%, which is 2 percentage points lower than that of the previous year.

According to the report, in 2018, the output of raw coal of Enterprises above the scale of 8 billion-ton coal-producing provinces, such as Inner Mongolia and Shanxi, was 3.12 billion tons, accounting for 88.1% of the country, up 0.9 percentage points over the same period of last year. The number of coal mines in China has been greatly reduced. Large-scale modern coal mines have become the main coal producers. By the end of 2018, the number of coal mines has been reduced to about 5,800, and the average production capacity has been increased to about 920,000 tons per year.

“But we should also see that the reform and development of the coal industry still faces many deep-seated contradictions and problems.” According to the report, the overall situation of coal production capacity in China remains relatively excessive, the basis of market balance between supply and demand is still fragile, and the problem of insufficient industry development is prominent.

Looking ahead to the industry development situation in 2019, the report said that coal consumption in 2019 is expected to remain basically stable with little increase; the release of domestic coal production capacity is accelerated, and the supply and demand of the national coal market will gradually change to a relaxed direction.