Why can coal prices rise when the peak season is coming to an end?

Since last week, coal prices in northern ports have gradually stopped falling, stabilized and maintained a slight upward trend. According to the guidance price of FengMine's power coal, the price of 5500 Kcal coal in the port has risen by 8 yuan per ton. However, the current peak summer season has come to an end, why can the port coal prices continue to rise? Judging from the recent operation of port power coal market, think tanks today believe that the driving factors for the sustained rise of coal prices in this round are mainly the following three aspects.

First, the downstream power plants began to rush to transport electricity and coal under the influence of Daqin Line overhaul. Today think tank learns that this year's Daqin Line maintenance is initially scheduled to start on September 5 for a period of 25 days, 24 days ahead of last autumn's maintenance time. Affected by this, the number of anchorage vessels in northern ports has increased continuously in recent days. As of yesterday, the number of anchorage vessels in four ports around the Bohai Sea has reached 65, the number of anchorage vessels in four ports has increased by 9, and the market negotiation atmosphere has increased. It has become more active, and the enthusiasm of downstream transport has been significantly increased.

Second, due to the approaching of the 70th anniversary of the celebration, the situation of environmental protection and safety inspection in the production area has become stricter, which supports the increase of coal price in the production area. After today's think tank verification, the Central Environmental Protection Group has been stationed in northern Shanxi, and some coal mines have opened a comprehensive inspection. At the same time, the Yulin area of Shaanxi Province also held a safety work conference recently, issued eight prohibitions on coal mine safety production, clearly demanding that coal mine safety production be done well, and coal production capacity release in the later period may be limited.

Third, signs of tightening of imported coal are gradually emerging. As today's think tank said in yesterday's article, the number of ports banning customs clearance in other places in the southern region has been increasing recently. The time limit for customs clearance of imported coal has been further extended. Signs of tightening of imported coal are obvious, forcing southern power plants to purchase coal from northern ports in advance. In summary, today's think tank believes that with the active rush of downstream power plants and the high cost of coal prices in the main producing areas, port coal prices are expected to remain strong by the end of this month.