Inner Mongolia Power Plant Purchase Price Rises 15 yuan

According to market information, some power plants in Inner Mongolia and Ningxia introduced the purchase price of power coal in September, and the purchase price rose universally, with an increase of about 15 yuan. Previously, considering the current market situation, it was predicted that the monthly purchase price in September would rise by more than 10 yuan. One of the reasons is that the supply and demand in the coal-sizing area are tight and balanced. In August, the supply of electric coal showed signs of tightening. The second reason: unlike coastal power plants, September is the reserve time for local power plants. The third reason is the psychological pressure caused by the 70-year Daqing of the Republic. At the same time, the coal mine may rise more severely. Personally, this possibility is not excluded. At present, the price of pithead pulverized coal in Gaotouyao area of Daqi has risen by about 10 yuan, and the increase of pithead is likely to exceed the increase of purchasing in power plants. At present, pithead coal prices in Ordos and Yulin are rising tentatively, although lump coal sales have been declining since 2017. But September is a golden season, a downstream stock season, and a season of rising coal prices in production areas. Preliminary judgment: By the end of September in Yulin and Ordos producing areas, the price of lump coal in individual coal mines will rise by at least 40 yuan. At the same time, along with the increase of road freight, the main seasonal factor is followed by policy factor.

According to the information of Inner Mongolia Government website, according to the coal price monitoring data reported by the League cities, in mid-August 2019, the price of power coal pit mouth and the purchase price of electricity coal in the whole region increased slightly.

On August 15, the average pit settlement price of power coal in the main producing areas of the region was 213.70 CNY/ton, a slight increase of 0.12% compared with August 5, 2009 (hereinafter referred to as ring ratio).

Among them, the average pit settlement price of lignite in the eastern region was 182.03 CNY/ton, a slight increase of 0.17% annually, while the average pit settlement price of power coal in Ordos was 270.00 CNY/ton, with a flat annular ratio.

Compared with August 15, 2018 (hereinafter referred to as the same year), the average pit settlement price of power coal in the whole region increased by 3.81%. Among them, the average pit settlement price of lignite in the eastern region increased by 10.41%, and the average pit settlement price of power coal in Ordos increased by 2.53%.

On August 15, the average purchase price of electric coal in the whole region was 203.73 CNY/ton, up 0.20% annually compared with that of standard coal (7000 calories), and the average value was 406.40 CNY/ton, up 0.16% annually compared with that of standard coal (7000 calories). Among them, the average purchase price of electric coal in the eastern region was 196.17 CNY/ton, a slight decrease of 0.28% compared with that in the ring area, and the average value after calculating as standard coal was 465.72 CNY/ton, a slight decrease of 0.27%. The average purchasing price of electric coal in the western region is 209.77 CNY/ton, a slight increase of 0.57% compared with the ring-to-ring ratio; the average value after conversion to standard coal is 358.95 CNY/ton, a slight increase of 0.62% compared with the ring-to-ring ratio.

Compared with the same period of last year, the average purchase price of electric coal in the whole region increased slightly by 0.17%. The purchase price of electric coal in the eastern region increased by 15.19%, while the purchase price of electric coal in the western region decreased by 8.72%.

After a few days of small increase in spot power coal, the inquiry and trading of the port has begun to stabilize gradually, but the demand for medium and low cargo coal is relatively better than that of high cargo coal, and the price is firm. Some traders are optimistic about the short-term market. Based on the current high inventory of the port as a whole, the autumn weather turns cooler in the later period, and the terminal consumption. Coal load will further decline, there are still concerns about the follow-up market, now (CV5500) offer 585 CNY/ton, (CV5000) offer 515 CNY/ton. In terms of railway transportation, this week's Da-Qin railway transportation volume and Huzhou wholesale traffic volume increased to a certain extent compared with last week. Da-Qin railway transportation volume averaged 1.124 million tons per day, an increase of 115,000 tons per annum compared with last week. Hohhot has an average daily volume of 23.5 vehicles, which is about 5 more than last week. Mainly due to last week's typhoon weather, port control of port arrival, reduce the menu, this week's weather improved, return to normal shipment, in addition to this week's price stabilization rebound, TRADERS'shipping enthusiasm also slightly increased.

On the downstream side of, the daily consumption of the six major coastal power plants maintained more than 700,000 tons for several days, their stocks declined, remained at a high level, and the willingness to purchase coal in the market was not high. They basically maintained the rigid demand of Changxie Coal, which had a certain suppressive effect on the continuous rise of coal in the market. As of August 23, the stocks of the six major coastal power plants were 164.8 million tons per week. Ring-to-ring ratio decreased by 138,000 tons, an increase of 1.94 million tons compared with the same period of last year; daily coal consumption increased by 777,000 tons, and ring-to-ring ratio increased by 0.5,000 tons, an increase of 39,000 tons over the same period of last year; available days were 21.2 days, ring-to-ring ratio decreased by 0.3 days, an increase of 14 days over the same period of last year. In terms of imported coal, the imported coal market continues to operate weakly, the price of imported coal by tender for domestic power plants is relatively low, the international sea freight is still running at a high level, and most traders are still cautious and operate less. At present, the price of FOB in Indonesia (CV3800) is 30.5-31 US dollars per ton.

Overall, the current supply is sufficient and downstream demand is weak, which is insufficient to support the continued rise in prices. It is expected that the supply will be suppressed under the influence of environmental safety supervision and inspection in Daqing. At the same time, import quota is limited in the fourth quarter, import coal decreases, power plant inventory declines, will soon face the winter storage market, when prices will rebound.