Is it difficult to find a breakthrough in the short term?

At present, the problems of continuous safety supervision in main producing areas and insufficient coal management tickets still exist. There are regional differences between supply and demand structure and port. The price is relatively strong. The inverted hanging of TRADERS'shipments to port has not been alleviated. High cost forms the core support for coal price in port, and there is little room for reduction. The daily consumption of the six coastal power plants has recovered slightly, but the inventory is still at a high level, and the demand for purchasing and replenishing warehouses is not large. The dynamic coal market enters the cross-market period under the checks and balances of multi-empty factors.

According to the estimation of Fenwei Energy's production area on May 15, the cost of CV5500 power coal shipped to the northern port in the "Three West" area is estimated to be 653 yuan for Shanxi coal, 655 yuan for Mongolian coal, 679 yuan for Shanxi coal, 619 yuan for the CCI5500 index on May 15, and 34 yuan, 36 yuan and 60 yuan for inverted cost. The average inverted level of shipment was 3.3 yuan lower than that of the previous day. In terms of the latest market, the overall trading atmosphere in the port market is still cold, the buyers and sellers maintain a wait-and-see situation, and the actual turnover in the market is relatively small. At present, the terminal demand is still weak. Under the background of high inventory in ports and terminals, the upward power of coal price is insufficient, or it will maintain a weak operation. Continue to pay attention to the rhythm of power plant procurement and the change of import coal policy. The northern port market was stable on 16. CV5500 Mongolian Coal quoted 620-625 yuan. After the reduction of railway freight, some Mongolian coal shippers have the intention to increase the volume of transport, but said that if the demand continues to be depressed, the enthusiasm for transport is also difficult to sustain.

The latest CCI power coal price of China Coal Resources Network on May 16 shows that CCI5500 power coal price was 619 CNY/ton, running steadily for six consecutive periods, down 10 CNY/ton or 1.6% from the same period last month, and CCI5000 power coal price was 528 CNY/ton, which was flat compared with the previous period, down 8 CNY/ton or 1.5% from the same period last month.

A trader in East China said that the current market is relatively cold, users have no demand, 90% of cement plants this year are lengthening associations, and coal purchases in the market are rare. At present, the imported coal price is low, the domestic coal price is strong, the load of downstream power plants can not rise, and many users have not completed the CPPCA, so the CPPCA coal consumption is enough, and then purchase some imported coal to supplement, resulting in weak demand for coal in the domestic market, and the price can not rise.

According to a trader in Zhejiang Province, recently we have not been able to ship well, especially high-calorie coal. Now the sales price of CV5500 movable coal has risen by 2 yuan according to the index weekly average price. CV5000 movable coal can also be sold, and the price of low-sulfur coal is generally around 530 yuan. Recently, the coal consumption of power plants is not high, and the procurement of Changxie Coal can basically meet the consumption. There is no procurement plan for coal in the market. On the downstream side, as of May 16, the inventory of six major coastal power plants had reached 16.322 million tons, with an increase of 856,000 tons from the previous year, an increase of 33.03 million tons from the previous year; a daily coal consumption of 620,000 tons, an increase of 69,000 tons from the previous year, a decrease of 91,000 tons from the previous year; the available days were 264 days, and the cycle-to-cycle ratio increased by 17 days, an increase of 81 days from the previous year. The coal consumption of power plants keeps running at a low level. With the increase of coal supply in Changxie, the stock is passively increased, and the willingness to purchase coal in the market is weak.

From the point of view of production area, the sales of coal mines in Yulin area of Shaanxi Province are stable. At present, the price of large mines is stable, and the sales volume is small. The main supply is internal customers. Local coal mines indicate that the downstream acceptance willingness has fallen, but the supply is tight, the price is not good to fall. Some coal pipe tickets in Shenmu area are sold out, and the supply of coal mines is tight, and the price rises steadily and moderately. Ordos coal mine is stable as a whole, most of the coal mines have no willingness to adjust the price, and wait and see the port and power plant situation in the later period; Shanxi Jinbei Railway is normal, coal mine inventory is low, coal washery sales are good, prices are stable, and the sales of high-sulfur coal in some mines have declined, prices have slightly declined.

Generally speaking, the power coal market is still hanging upside down at high ports of origin, and the price of main coal mines continues to rise slightly with the continued increase of coal prices, but most coal mines are gradually giving priority to stable quotations, while the prices of sporadic coal mines are still down. The coastal market is weak. Inventories of the six major power plants have reached 16 million tons. Daily consumption has recovered slowly and demand is relatively weak. In the short term, high-level oscillation in the field is expected to operate.