High temperature finally boosted the port power coal is rising slightly?

With the rise of temperature, daily consumption of six major power plants along the coast has increased. Some traders' quotations in Beigang have increased slightly, but downstream is still mainly on the wait-and-see side. At present, the stabilization of dynamic coal market is more inclined to emotional stabilization.

However, according to China Weather Network, it is estimated that in late July, the high temperature and little rain will occur in the Jianghuai and Jiangnan regions, with daily maximum temperature of 38-40 C and high temperature lasting for 6-8 days in some areas. At the same time, there are 3-5 days of high temperature weather in southern North China, Huanghuai and South China. In early August, there were still high temperatures in Huanghuai, Jianghuai, Jiangnan and Northern and southern China. Whether the subsequent price can rise effectively remains to be seen the strength and sustainability of the recovery of power plant daily consumption.

In terms of the latest market, the port inquiry increased slightly on the 23rd. The demand for low calorific value coal was in the majority, while the upstream price was in the positive mood, while the downstream price was in the negative mood. The short-term offer was divergent, and it was not easy to lock the fixed price. The market was warming up. The mainstream offer of CV5500 coal is about 590-595 yuan, and the mainstream offer of CV5000 coal is 510-515 yuan.

July 23, the latest CCI power coal price of China Coal Resources Network shows that CCI5500 power coal price quoted 593 CNY/ton for two consecutive periods of stable operation, 9 CNY/ton or 1.5% lower than the same period last month; CCI5000 power coal price quoted 511 CNY/ton, which was flat compared with the previous period, 12 CNY/ton or 2.3% lower than the same period last month.

Considering the high inventory of power plants and a certain amount of imported coal replenishment, the daily consumption of power plants has risen to 700,000-800,000 tons from the end of July to August, even if there is a persistent hot and muggy weather in the south. The increment of domestic coal purchasing by power plants is limited, or it is difficult to boost the coal market strongly. During this period, anchoring vessels around the Bohai Sea port or continue to operate at low and medium-low coal prices, which makes it difficult for coal prices to rise substantially.

As of July 24, the six coastal power plants had 17,359,000 tons in stock, 422,000 tons in cycle-to-cycle ratio, an increase of 2.39 million tons; 730,000 tons in daily coal consumption, 125,000 tons in cycle-to-cycle ratio, a decrease of 44,000 tons over the same period; the available days were 238 days, and the cycle-to-cycle ratio decreased by 56 days, an increase of 4.4 days over the same period.

A power plant in Jiangsu said that the power plant now mainly uses medium and low calorie coal, and a small amount of high calorie coal purchases imported coal at lower prices. Now the market is in a bullish mood. It is estimated that the price can stabilize or rise slightly, but it is not optimistic about a big rise, and the price increase is from late July to early August, because in mid-August The plan is to start taking the initiative to go into stock.

From the point of view of production area, the overall demand of coal mines in the main production area is sluggish, and the price of coal continues to decline steadily. Yuyang Coal Mine in Shaanxi Province recently suffered from poor overall chemical demand. After many price adjustments, sales did not improve. In addition, Shenmu production release attracted some customers in Yuyang District. After bidding for large mines, the phenomenon of flow bidding was serious, resulting in a continuous decline in coal prices in Yuyang District, with a decline of 10-20 CNY/ton. Influenced by the factors of safety and environmental protection inspection, some coal factories are not operating properly and can not be washed temporarily, which results in poor delivery of some mines. Due to the high price of a few mines, the downstream receiving degree is not high. Coal prices are stable in the middle and downstream of 5-10 CNY/ton. Most mines hold a wait-and-see attitude towards the later market.