Expectations of improving port coal price decline narrowed

On the production area, the coal pipe tickets in Yulin area can be prepaid in advance according to the quarterly quota from the beginning of July, and the coal supply in the area has increased orderly, but the overall delivery situation of the coal mines is not good. In order to promote sales, some mines have lowered the coal price by 10-20 CNY/ton; Inner Mongolia will start illegal contracting (trusteeship) of coal mining enterprises from July 15 to July 31. ) Special supervision work may restrict coal supply in Mengxi area, but traders are not enthusiastic about purchasing because of upside-down transportation. Some mines have lowered coal prices under pressure, ranging from 5-15 CNY/ton. 

The weakness remains. The daily consumption of the six major power plants has risen for three consecutive days. Coal consumption has improved in peak season, temperature has continued to rise, market expectations have improved, coupled with a small number of inquiries, TRADERS'pessimistic mentality has eased, bidding sentiment has gradually risen, and the decline in mainstream quotations has narrowed. At present, 5500 large-calorie power coal is around 590-595 CNY/ton. However, the current downstream power plants only maintain rigid procurement, the overall pulling enthusiasm is poor, and the anchorage ships in individual ports are even zero. 

Import coal, Indonesia's coal supply has increased recently, the miners are optimistic about the future market, unwilling to reduce prices to ship, but the demand is weak, the buyer's willingness to lower prices is strong, the buyers and sellers are more difficult to reach agreement, the actual transaction is less, the current FOB price in Indonesia (CV3800) is 34.5-35 US dollars./ Tons, a decrease of about $0.5 per ton per day. Recently, Australian to China shipping charges continued to rise, further curbing domestic import demand, market sentiment strong wait-and-see, price vulnerability and stability, (CV5500) FOB prices maintained at $51.5-52 per ton.

Market news, Fangcheng Port has not been cleared Australian coal for a period of time, and the amount of Australian coal cleared is not much. In addition, the port has recently begun to restrict the import of coal, and the Customs approval time may be extended, which has affected port prices temporarily stable. Since the 16th day, the customs clearance of Mongolian Coal at Ganqi Maodu Port has been gradually restored. As of yesterday, the customs clearance of Mongolian Coal was 496 vehicles, and the average number of customs clearance since the last three days was about 464 vehicles. Recently, with the stabilization of coke prices, market sentiment has improved, but the port Mongolian coal traders mostly reflect the current situation of Mongolian coal sales is still poor.

In terms of freight rates, there are fewer new pallets in the market, coal prices continue to fall, and purchasing enthusiasm under high inventory is not high. Although typhoon is approaching and the foreign trade trend is good, there is some support for freight rates, but the market demand upward momentum is insufficient and freight prices are temporarily stable. As of July 18, the North-Jiangyin (W) tariff of the river route was 30.5-31.5 CNY/ton, with the daily-to-ring ratio unchanged; the average freight rate of Qinhuangdao-Guangzhou (5-6W) ships was 31.8 CNY/ton, and the daily-to-ring ratio increased by 0.3 CNY/ton.