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Home > News > Valuable News > The price of coal has not moved up a bit?

The price of coal has not moved up a bit?

ECHEMI 2019-10-11

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The daily consumption of terminal power plants is declining and the inventory is not low. Demand release is continuing to be sluggish. Under the influence of cold air, the load of coal consumption decreases, and some coal-using enterprises also have shutdown and production restriction, so the demand is weak. In the past 70 years, coal mine safety and environmental protection inspection are tightening up, supply is limited, coal price of pit coal has risen, and the factors of CIS Lido have been gradually fulfilled, which has weakened the supporting role of coal price. The market as a whole shows a stalemate and weak situation.

In terms of the latest market, in northern ports, the demand for coal inquiries in the new 24-day port market is on the low side, and the upstream suppliers hold a favorable price sentiment based on factors such as the shrinkage of supply near the main producing area during the holidays and the structural tightening of supply of some kinds of coal. In the downstream, due to the increase of uncertainties in the later period, the enthusiasm of dispatching ships is not high, the mentality of suppliers and consumers is divergent and the transaction is cautio On the import coal market, there are more tenders for imported coal this week. Some traders say that the price will be supported by the tender. Indonesian (CV3800) ship quoted FOB34 US dollars, freight 7.5 US dollars, small boat freight 8.5 - 9 US dollars. (CV4800) for FOB $49. Australian Coal FOB reported $49.

9 24, the latest CCI coal price of China coal resources network shows that the price of CCI5500 power coal is reported to be 587 CNY/ton, which has been running steadily for five consecutive periods, up 2 CNY/ton or 0.3% from the same month last month, and the price of CCI5000 power coal has been reported 518 CNY/ton, which has been running steadily for five consecutive periods, up 5 CNY/ton or 1% at the same month price level.

 According to Fenwei energy September 23rd valuation of production area, the "three West" area of steam coal (CV5500) transported to the northern port is 624 yuan for coal storage, 616 yuan for Mongolia coal, 618 yuan for Shaanxi coal, and 587 yuan for CCI5500 index in September 23rd, and 37 yuan, 29 yuan and 31 yuan respectively for cost upside down. The average level of inverted shipment is unchanged from the previous day. In the downstream, as of September 25, the inventory of the six coastal power plants was 15.756 million tons, with a reduction of 95,000 tons in the circumferential ratio, an increase of 11.92 million tons over the same period of last year; the daily coal consumption was 601,000 tons, the circumferential ratio decreased by 98,000 tons, a decrease of 34,000 tons over the same period of last year; the available days were 262 days, and the circumferential ratio increased by 35 days, an increase of 33 days over the same period of last year.

Coal prices at the port have been stable for five days before and are expected to remain low and volatile this week. In October, especially after the National Day, cement and chemical industries resumed production. With the start of winter storage of power plants, the market demand for coal is expected to increase, which will drive up the price of coal in ports. However, considering the accelerated release of advanced production capacity in coal mines, the double-high supply and demand in the coastal coal market will reappear. From the point of view of the place of production, coal prices in the main producing areas have been rising steadily and moderately in the near future. After 70 years' impact, some coal mines will stop production and leave, and there are no signs of large production stop. During the national day, safety will be increased. Coal production will be increased in the later period, and all kinds of inspection and control of coal tickets will be more stringent. In addition, under the influence of seasonal factors, downstream traders have a high enthusiasm for stockpiling, and coal prices are expected to rise steadily and moderately in the later period. At present, most of the coal mines in the area are in normal production. A few mines will arrange for 3-5 days to stop production and maintenance. Some private mines have a production stoppage plan. At present, customers are purchasing more actively and inventories are low. Due to the limited production of coal enterprises in some areas during the national day, the mine side has more stable expectations for the future market.

According to the news of the coal trading center, Shenmu mine side informed the relevant departments that during the national day, Shenmu had to do well in the production of various mines, and under the premise of ensuring safety in production, it was not mandatory to stop production. At present, in addition to Shenmu, and other coal producing areas have not yet received relevant notice, combined with the current market operation situation, during the national day, the probability of large coal mine production shutdown is very small.

Part of the northern part of the coal mine has been informed of the shutdown, and the production is expected to stop for 10 days. The current sale of resources is limited, and most of the coal producers are expecting the latter. China's coal resources network learned from the market that in order to ensure safety, all the coal mines in the Shuozhou area will be closed during the national day, and the time of production is expected to be from September 25th to October 2nd. It is reported that the production and commissioning of coal mines in Shuozhou involve a total of 1.8 billion tons of coal production. Up to now, more than 10 coal mines have been informed of the shutdown, and the resources available for sale are limited.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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