pressure of port evacuation will increase near the spontaneous combustion period

Moving Coal Market: The coal market in the main producing area is relatively stable as a whole, and the prices of some mines are under pressure. Sales of some mines in Yulin, Shaanxi Province have declined, with a slight increase in inventory and a slight decrease in prices of 10-15 yuan. On the northern port side, last week, the price of open warehouse in the port was in a dilemma, and the price of coal was relatively stable. Entering this week, the port coal price has finally been unable to bear, showing a downward trend. Due to the rapid rise of temperature in the north, near the spontaneous combustion period of coal in summer, the pressure of port dredging gradually increases in the later period. At present, the actual transaction of Beigang Port is still very small, and with the possibility of port evacuation measures in the near future, traders are looking for shipping opportunities. The main price of CV5500 movable coal is about 617 yuan, and that of CV5000 movable coal is about 526 yuan.

Double coke market: coking coal has increased in varying degrees, especially medium-sulfur main coking coal with high performance-price ratio. In addition, affected by environmental protection inspection, some open pit mines in Jinzhong area have stopped production, mainly affecting the local raw coal production. It is estimated that the production shutdown time will be about a week. The shortage of supply will lead to the price rise of fertilizer coal and coke coal in Jinzhong area, with the increase ranging from 50 to 70 CNY/ton. As for coke, coke enterprises in major producing areas have implemented the third round of coke price increase, totaling about 300 yuan per ton. Under the normal start-up of coke enterprises and the continuing low level of inventory in the factory, market participants are still optimistic about the late market.

According to Mysteel Shanxi Coal Coke Briefing: Recently Linfen City held the Second Central Eco-environmental Protection Supervision Group Feedback Rectification and Water Environment Governance Meeting. The meeting proposed that the transformation task in 2019 should be fully completed by the end of October. The Municipal Industry and Information Bureau and the municipal eco-environmental bureau should speed up the formulation of coking and iron and steel industry layout plan. The depth of the "one city, three districts" was not completed on schedule by the end of June. Restricted coking plants and iron and steel enterprises should be shut down and withdrawn. It is understood that there are 8 coking enterprises in "one city, three districts", involving 10.2 million tons of coking capacity. Feedback deep treatment of coke enterprises mainly aims at desulfurization, denitrification and bleaching, sewage treatment and other issues. The coke enterprises in "one city, three districts" have basically reached the standard. 

From January to April 2019, the cumulative export of coal was 2.33 million tons, an increase of 57.3% over the same period last year. Among them, 810,000 tons of anthracite were exported, up 71.3% year on year; 69,000 tons of coking coal were exported, up 55.4% year on year; 820,000 tons of other bituminous coal were exported, up 49.6% year on year; 2252 tons of lignite were exported, up 76.7% year on year. 2. It is estimated that the coal industry will still have about 180 million tons of capacity in 2019-2020. According to the implementation report of the mid-term evaluation and later prospects of coal control in the 13th Five-Year Plan of China's coal industry, by the end of 2020, the total production capacity of coal mines for production and construction in China will be 4.5 billion to 4.7 billion tons, the coal output will be about 3.7 billion tons, the utilization ratio of the industry's production capacity will exceed 75%, and the problem of overcapacity will be basically solved.