Double Focus' market is expected to recover?

This week, the domestic power coal market showed a steady and rising trend. The price of power coal from producing areas tended to rise, while the price of power coal from ports tended to be stable.

Specifically speaking, the main production areas in Shaanxi this week are affected by environmental protection and safety checks, and the coal production supply is slightly tight, and limited by the main transportation roads during the National Day period. Some downstream enterprises began to stock up in advance, and the price of multi-mine coal increased slightly by 10 CNY/ton. In Inner Mongolia, due to the restriction of coal pipe ticket, the output of coal mine is limited, the supply of foam coal is slightly tight, and the price is slightly increased by 5-10 CNY/ton. Coal mine shipments in Shanxi North Shanxi are smooth, traders are bullish, and there is a greater possibility of price increase in the later period.

On the port side, this week, due to the favorable factors such as the overhaul of Daqin Line and the tight supply of origin, the tender sentiment of the port is strong, and the coal price of the port shows a small trend of exploration, but the pre-festival market inquiries are not positive and the turnover is small. According to the guidance price of power coal in FengMine, up to now, the mainstream price of 5500 cards in port is mainly 585 CNY/ton, and the mainstream price of 5000 cards in port is 517 CNY/ton.

Coke market

Coke price is basically stable this week. As we had predicted before, the third round of decline has not started. The main reason is that the profit of downstream steel enterprises has warmed up, the intensity of cracking down on coke has weakened, and the basic situation of supply and demand is good. As of No. 12, the price of Linfen No. 1 metallurgical coke in Shanxi Province is 1850 CNY/ton; Tangshan, Hebei Province is a quasi-first-class one. Metallurgical coke is 1910 CNY/ton and Rizhao quasi-first-class metallurgical coke is 1900 CNY/ton.

Coke market sentiment is improving now. Some coke enterprises have shipped smoothly, inventory has not continued to accumulate, downstream purchasing enthusiasm has improved, some steel enterprises have increased purchasing a little. Some traders who had been waiting for a long time before have started to make inquiries everywhere after the market sentiment has improved, but coke prices are still on the rise for some time. Distance, downstream environmental pressures are still in place, and the fundamentals are only a basic balance. There is not much good news. Therefore, coke prices are expected to remain stable next week, and there may be a small recovery space in some areas with excessive declines. < p > < p > < p > < p > Coking coal market < / P > < p > This week coking coal market is still weak, some areas continue to slightly pullback, including Changzhi low-sulfur lean main coke dropped another 20 CNY/ton, a cumulative decline of 80 CNY/ton, the current factory tax price of 1400 CNY/ton; Lingshi high-sulfur fertilizer coal dropped another 30 CNY/ton, a cumulative reduction of 50 CNY/ton, the current factory tax of 1100 CNY/ton; Xiaoyi low sulphur fertilizer clean coal has been slightly reduced by 20 CNY/ton, with a tax price of 1530 CNY/ton at present; compared with Shanxi, Jining gas clean coal in Shandong Province has a considerable pressure on sales, and the reduction is ahead of schedule, with a tax price of 1100 CNY/ton at present; the import coal market news shows that the tax price of 5_raw coal at the port is about 960, and the main coke in Beijing, Tang, Hong Kong and Australia is the first-line. The quotation is 1500 CNY/ton, and the price is stable for the time being.

From the current industrial chain situation, steel prices have rebounded. After the second round of reduction of coke prices, the pressure on steel mills'profits has decreased, and the pressure on coke enterprises has weakened. At present, the market of double coke period has risen, and the mood of mining plants has improved. Moreover, there is a recent increase in the price intention of individual coke enterprises in the market. After the previous price reduction, coke coal mines have reduced their price. In addition, around the National Day, security inspection, holidays, tightening of imported coal and other favorable support,

Mine price mentality is gradually strong, although the short-term is still weak, but the later downward space is limited.