It is expected that the price of pithead power coal will be stable next week.

Towards the end of the month, the supply of the main origin is limited, sales are improving, pit inventory is decreasing, and prices are rising steadily. Port inquiries are mainly low-and medium-calorie low-sulfur coal, with a small supply and a small rise in price, while high-calorie high-sulfur coal is mainly stable.

Port: This week, the port power coal market shocks and adjusts. Traders'quotations rose slightly, but with the decline in residential demand for electricity, daily coal consumption of the six major power groups along the coast was lower than last week, superimposed port inventory was at a high level, and downstream power plants were in a strong wait-and-see mood, with few actual transactions. At present, the mainstream quotation of 5500 cards of power coal is about 600 CNY/ton, and the mainstream quotation of 5000 cards is 525-530 CNY/ton.

Some mines in Yulin and Mengxi have received coal management tickets in July, and their production activities have returned to normal. In addition, the State Development and Reform Commission and the Energy Administration recently jointly issued the Notice on Completing the Summer Work of Energy Peak in 2019, which calls for accelerating the release of high-quality coal production capacity and anticipating an increase in coal supply in later production areas. It is expected that the work of "sweeping the black and eliminating evil" and the overrun of highway limit will temporarily come to an end, and the number of boarding stations will increase accordingly. The price of pithead power coal will be stable next week. On the port side , traders' tender sentiment is still strong, and their imports are decreasing, and their inventories are declining continuously. However, in recent years, the southern region has been experiencing large-scale rainfall, inhibited residential electricity demand, hindered the recovery of coal consumption in power plants, and the number of days available for coal storage has risen back to 29 days high. Superposed near the price adjustment period of large coal enterprises, the downstream acceptance of high coal prices is not high. It is expected that the sentiment of traders in the port power coal market will cool down somewhat next week, spot prices will rise slightly and the increase will begin to slow down.