Weak Downstream Reservoir Replenishment Demand and Insufficient Power

The production area, Shaanxi and Mongolia coal production area safety inspection will continue to be strict, production and transportation will be affected to a certain extent. Winter storage and inland power plants in the northern region have some replenishment stores, but sales preferences in mining areas are still concentrated on lump coal. The price of most coal mines remained unchanged, and the price of individual coal mines increased slightly. The supply of pyrotechnics and coal pipes in Ordos area is affected, production and supply are tight, and short-term coal prices are slightly supported.

Port, the port market is calm, the quotation of traders is still strong, but the downstream terminal high inventory and low coal consumption season, high energy-consuming enterprises staggered peak production or shutdown holiday, slow procurement rhythm, weak demand side, all indicate that pre-season inquiries are scarce, coal prices remain stable, the mainstream warehouse price of 5500 large-calorie coal is 585-590 CNY/ton, and the mainstream warehouse price of 5000 large-calorie coal is 51. 5-520 CNY/ton.

In the downstream, the temperature decreased, the daily decline of power plants, the usable days increased, and the coal consumption was not optimistic. The power plant that needs to be replenished has been replenished or a small amount of replenishment is to be done in the early stage. As of September 25, the six major coastal stockpiles were 15.756.3 million tons, with daily consumption of 606.6 million tons and usability of 2623 days.

In the aspect of imported coal, the current imported coal market is flat, the international sea freight has decreased, the quotation of Indonesian coal is stable, the quotation of Indonesian (CV3800) boat is between US$33.5/ton and that of Australian coal (CV5500) is about US$49/ton.