Yulin Coal Price Rises 5-21 CNY/ton Coke Rises 100 CNY/ton

Yesterday, Yulin multi-mine raised prices by 5-21 yuan per ton. Hanglaiwan Coal Mine has increased 10 CNY/ton of final coal and 21 CNY/ton of bid price for blended coal since 0:00 on July 26, 2019; 452 CNY/ton of lump coal and 459 CNY/ton of face coal; Caojiatan Coal Mine Notice: 5 CNY/ton has increased since 0:00 on July 26, 2019; 19 CNY/ton of coal price has increased at the end of July 26 in Xiwan Coal Mine. Coal rose 21 CNY/ton; Xiaobaodang Coal Mine temporarily increased 7 CNY/ton; Yushuwan Coal Mine mixed coal increased 5 CNY/ton.

According to the understanding of Yulin Coal Trading Center, the price increase of raw coal and blended coal in large-scale mines in Yulin is mainly due to the increase of downstream demand, and coal stockpiling in coal yards near Yulin is active. On the one hand, the recent high temperature weather has led to a rebound in coal consumption in power plants; on the other hand, the coke price has increased by 100 CNY/ton, and large steel enterprises in Hebei and Shandong have implemented price increases. On the other hand, the restrictions on imported coal continue to be strengthened, with the impact of activities such as the 70th anniversary of the founding of New China and the "Second Youth League" of Shanxi, a new wave of purchasing upsurge has come downstream. Short-term driving coal prices in producing areas to rise.

Guangdong, Guangxi, Guizhou, Yunnan and Hainan first broke through the 180 million kilowatt barrier

accompanied by the advent of "three-volt days", the temperature of all parts of the country gradually increased, the electricity consumption of Guangdong, Guangxi, Guizhou, Yunnan and Hainan first broke through the 180 million kilowatt barrier, and the coal consumption of power plants increased. At present, the six major power plants along the coast are increasing. Consumption rebounded to 730,000 tons, boosting downstream demand to a large extent and boosting the coal market.

Coke price increased by 100 CNY/ton raw coal purchasing enthusiasm has increased

Recently, the first round of coke price increase has been completed, which has been implemented in large steel enterprises in Hebei, Shandong and other places, with an increase of 100 CNY/ton. The profit of coke enterprises has increased, some coking coal has been properly replenished, the main coking coal of high quality in Shanxi has been sold smoothly, and the mine inventory has been running at a low level.

Coke prices rose and fell in the first round, coke enterprises'profit rebounded, raw coal purchasing enthusiasm increased, coal mine shipments gradually improved, the market basically temporarily stable operation, and some of the high-quality coke declined sharply in the early period increased slightly. 

This week, the coking coal market in China began to stop falling and stabilize, with only a small increase in coking coal prices in some areas. With the gradual improvement of coke market, coking plants in some areas have increased their efforts to replenish high-quality coking coal. Affected by this, the price of high-quality coking coal in Linfen, Changzhi, Shanxi Province, has started to rise slightly, ranging from 20 to 40 yuan per ton.

Analysis shows that after the first round of price rise and fall in the coke market, market wait-and-see sentiment is strong, the overall inventory of coke enterprises is at a low level, and some coke enterprises are still queuing for loading. Considering the sufficient low order of coke enterprises, the environmental protection expectation of the Second Youth League, the capacity of coke to be removed in Linfen and Shandong provinces of Shanxi Province, and the low and medium level of coke inventory in some steel plants, some coke enterprises have the second round of price increase in recent days, but the overall situation does not meet the rising conditions.