Electric Coal Demand Rising Power Coal Test Medium-term Average Pressure

Power Coal Main 1909 Contract Price High and Wide Range Finishing, Futures Price Opening at 593.0 CNY/ton, Shocks After Opening Lower, Lowest Exploration 589.6 CNY/ton, Within-day rebound higher, Highest Upward Exploration 595.8 CNY/ton, but in the afternoon, the final offer closed at 593.2 CNY/ton, showing a longer up and down. Xiaoyang Line of Shadow Line, settlement price 593.4 CNY/ton. Trading volume was 83.017 million tons (calculated unilaterally), an increase of 362.8 million tons and a position of 12.136 million tons (calculated unilaterally) compared with the previous trading day, a decrease of 167.5 million tons. The top 20 short-holders in the power coal 1909 contract held 78 279 hands, which was 651 hands less than the previous trading day; the top 20 short-holders held 89881 hands, which was 3219 hands more than the previous trading day. The latest data released by the General Administration of Customs show that in June 2019, China imported 1.75 million tons of power coal (including bituminous coal and sub-bituminous coal, but excluding lignite, the same below), an increase of 470,000 tons, an increase of 4.57%, a decrease of 40,000 tons annually, a decrease of 0.37%. Recently, coal prices in Yulin have continued to fall. According to the understanding of Yulin Coal Trading Center, affected by the explosion of Yima Gasification Plant of Henan Gas (Group) Co., Ltd., Henan Coal Enterprises began to be inspected in an all-round way, and the demand for coal was greatly reduced. Henan, as one of the main selling areas of Yulin Coal, was affected by the explosion, and many coals in Yulin. Sales of mines have been severely hampered.

According to the statistics of China Coal Resources Network, as of July 23, the flat warehouse price of 5500 big calorie power coal produced in Shanxi of Qinhuangdao Port was 588.00 (-0.00) CNY/ton, the flat warehouse price of 5000 big calorie power coal was 505.00 (-0.00) CNY/ton, the flat warehouse price of 4500 big calorie power coal was 435.00 (-0.00) CNY/ton, and 5800 big calorie power coal was at the end of Qinhuangdao Port. Coal level warehouse price 617 (-0.00) CNY/ton.

On July 24, the coal stock of Qinhuangdao Port was 628.0 (+150.00) million tons, the number of anchorage ships was 23 (+5), and the number of arrival ships was 8 (-5). On July 24, the average daily coal consumption of the main power groups in the coastal areas was 73.03 (+66.61) million tons, the coal stock was 1735.88 (-1731) million tons, and the available days for coal storage were 23.77 (-2.62) days. With the expansion of high temperature weather, daily coal consumption in coastal power plants increases rapidly, coal stocks in power plants are consumed, and the demand side will have a boosting effect. The price of power coal rebounded tentatively. Recent attention has been paid to the pressure near the middle track of the Brin Belt. Once an effective breakthrough is made, the price will rebound continually. However, with the release of high-quality production capacity, the supply situation in the production area is stable, pit quotation continues to decline, port inventory is sufficient, downstream procurement has not really started, and the fluctuation of port quotation tends to be stable. Current price spreads are at a high level, or limit the space for prices to continue to rise.