on that part, Chinese power plant mainly use 5500K coal. Current market price at the Qinghuangdao Port is about RMB1150 per ton including VAT and falling.
API 5 in recent months is hovering around USD$120 per ton, shipping via Cape to China is about $12.5 per ton, Panamex is about $18 per ton, plus insurance, clearance, lab test, etc, then add 13% VAT converted at about 6.9RMB / USD, works out to be about RMB1080-1130 delivered at the port not including the finance cost for the trade. There is just not enough margin / cost incentive to import AU coal to China under current market condition.
on that part, Chinese power plant mainly use 5500K coal. Current...
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