Focus on Power Coal: Coal Price of Origin Rises Steadily

Focus on power coal: production area, Shaanxi Province in the production of coal mining lump coal sales are good, low inventory, more coal-pulling vehicles, coal mines to maintain a balance between production and marketing, while the sale of foam coal is not smooth, there is a little inventory in the site. In Inner Mongolia, the supply of foam coal is slightly tight due to the reduction of production due to the restriction of coal pipe tickets, and the price rises by 5-10 yuan per ton.

In the aspect of ports, the activity of northern ports in the pre-festival period has increased. Despite the strong willingness of traders to bid, the price has increased slightly by 5 CNY/ton, mainly concentrated in low-calorie and low-sulfur coal resources, and the demand for high-calorie coal is still low and the price is stable. However, most of the downstream wait-and-see, the actual transaction is limited, the current mainstream quotation of power coal (CV5500) is about 583-585 CNY/ton, (CV5000) is about 512-515 CNY/ton.

On the downstream side, daily consumption of the six major coastal power plants has increased steadily, and inventory has fallen below 16 million tons, but it is still at a high level in the same period. The subsequent coal consumption demand will decrease with the seasonal weakening, the overall procurement pressure is not large, and the Changxie Pull is still the main mode. As of September 12, the six coastal power plants had a stock of 15843,000 tons, a daily consumption of 731,000 tons and a usable days of 21.7 days. In terms of imported coal, the price of low-calorie coal in Indonesia has increased, while the price of downstream delivery has increased accordingly. However, based on the low bidding price of power plants and the limited overall turnover, Q3800 generally quotes FOB32.5-33 U.S. dollars per ton.