Coal prices will not rise!

This week, the domestic power coal market as a whole showed a steady and moderate rise trend.

From the point of view of the main production area, coal prices in Yulin area of Shaanxi Province are stable as a whole this week. Market rumors say that coal pipe tickets in Yulin area have shown signs of relaxation. Some large state-owned mines indicate that coal pipe tickets are now collected according to the approved production capacity of the whole year and no longer in accordance with the month. Today's think tank research and development found that most of the mines did not receive official document notification, and considering the current security situation is still more severe, think tank today that in the short term, all coal mine tickets in Yulin area are less likely to be fully opened. Environmental protection inspection in Ordos region of Inner Mongolia this week led to a small number of mines shut down, the overall coal price stabilized, some coal-pulling trucks decreased after the price increase, the miners said that the short-term price increase again did not support; most of the large mines in northern Shanxi Province have stable prices, and some of the mine resources supply is limited, coupled with the port price rise driven by the market. Prices have risen slightly.

From the port point of view, coal prices in northern ports continued to rise slightly this week. Supported by the high coal price in the producing area, the inverted transportation cost is serious, which leads to the low enthusiasm of coal mines and traders in transportation, the shortage of high-quality coal resources in superimposed ports, the reluctance of port traders to sell, and the sustained slight increase in coal prices. According to the guidance price of power coal in FengMine, up to now, the mainstream quotation of 5500 cards in port is mostly about 610 CNY/ton, while the mainstream quotation of 5000 cards in port is mostly about 533 CNY/ton.

From the downstream demand, with the supplement of imported coal and Changxie coal, the inventory of coastal power plants has been running at a sustained high level. By the end of this week, the total inventory of the six major coastal power plants has reached 18.4 million tons, an increase of 3 million tons over the same period of last year, while the recent rainfall in southern China is frequent, the civil power load is not high, and the six major power plants are operating at a high level. Daily consumption of power plants hovered between 620,000 tons and 650,000 tons, and the recovery of daily consumption was not as expected. It is difficult for the market coal demand to increase in the short term. In the future, coal prices may continue to decline.

Coke market

This week, the scope of the third round of increase and decrease of coke continues to expand, downstream steel enterprises'environmental protection and production restriction remain unchanged, start-up rate continues to decline, demand for coke decreases, in-plant inventory increases, although the coke enterprises are suppressed by steel enterprises, there is still room for profit, production enthusiasm remains, this week's start-up rate is flat, coke. The pattern of strong supply and weak demand in the market remains, and the port inventory is still at a high level. Traders are mostly in a wait-and-see attitude in view of the current weak coke market. This week, the price of Linfen first-class metallurgical coke in Shanxi is 1850 CNY/ton; Tangshan quasi-first-class metallurgical coke in Hebei is 1910 CNY/ton; and Rizhao port quasi-first-class metallurgical coke is 1920 CNY/ton.

At present, the market situation is general, the focus of changing the supply and demand pattern lies in environmental protection and production restriction. From the feedback information, steel enterprises are relatively stringent in environmental protection. Cross-checking of environmental protection in Shanxi Province is about to begin. There are frequent mobilization meetings and limited substantive production restriction. So in the short term, the pattern of coke market will not change after sustained attention. Continue Shanxi's environmental protection situation. Coke is expected to be stable next week.

Coking coal market

This week, the domestic coking coal market continued to operate weakly, the decline area continued to expand, and the price reduction range continued to explore. Various coking coal varieties in Shanxi, the main coking coal producing area, have declined in varying degrees. Among them, Anze low-sulfur coke in Linfen, Shanxi, continued to decline to 1520 CNY/ton this week, with a cumulative decline of 130 CNY/ton; Changzhi low-sulfur lean coke in Shanxi, with a cumulative reduction of 120 CNY/ton, currently the factory acceptance price of 1440 CNY/ton; Liulin low-medium-sulfur coke in Shanxi, with a cumulative decline of 130 CNY/ton. The main coke of Xiezhong sulphur in Jinzhong was reduced by 40 CNY/ton, and the main coke of high sulphur by 2.0 CNY/ton; the main coke of Xiezhong sulphur in Jinzhong was reduced by 80 CNY/ton, and the tax price of manufactured concentrate was 1200 CNY/ton; the concentrate of some mining factories in Lingshi was reduced by 20 CNY/ton slightly, and the tax of manufactured concentrate was about 1200 at present.

Overall, the coke market has fallen in three rounds, and the profit of coke enterprises is about 50-100. Although the start-up rate of downstream coke enterprises is still high, the implementation of cross-checks on environmental protection in Shanxi Province is imminent, and the implementation of downstream expected output limits is probably more stringent, so the enthusiasm for coking coal procurement is poor, and at present it is lower. Traveling coke enterprises are in the middle level of inventory, purchasing small orders on demand, and they are still cautious and wait-and-see attitude towards the lack of coal. Although the producers have already reduced prices for sale, the shipment situation is still not ideal. Due to the inventory pressure, some coal mines still have further downward expectations, and the market sentiment is generally depressed. It is expected that the coking coal market will be depressed. The field will continue to be weak and weak.