Focus on power coal: there is still downward pressure on coal price

Power Coal News: in terms of origin, the demand in the lower reaches of Shaanxi and Inner Mongolia continues to differentiate, and some coal mines are still selling well, among which lump coal is relatively popular, the price of coal is slightly increased, and some coal mines are slowing down in production and sales. In view of the inventory pressure, the price of coal is reduced; in northern Shanxi, the sales of coal mines are better, the trade and shipment of market households are reduced, and the price of coal is mainly stable. On the port side, yesterday, compared with the earlier period, the downstream inquiry recovered, traders reduced the warehouse and promoted more sales, and the prices of all parties continued to decline, but the market was in a strong wait-and-see mood, and the actual transaction was limited. Now, the mainstream price of 5500 kcal power coal is around 576-581 CNY/ton, and the price of 5000 kcal power coal is 506-511 CNY/ton. As of the 15th, the total inventory of the Bohai Sea port has not changed much, including 7.08 million tons in Qinhuangdao port, 13 ships in Anchorage and 41 ships in advance; 9.952 million tons in Caofeidian port, 3 ships in Anchorage and 22 ships in advance; 7.094 million tons in Jingtang Port, 10 ships in Anchorage and 14 ships in advance; the total inventory of the three ports is 24132 (- 7) thousand tons. On the downstream side, at this stage, the supply and demand of the middle and lower reaches are weak and sustained, and it is still necessary to dredge the port for several days to remove the inventory, continue to pay attention to the replenishment of the power plant in the later off-season and the strict control of imported coal. On June 16, the six coastal power plants were in stock of 16.0708 million tons, with a daily consumption of 598700 tons and a usable life of 26.87 days. In terms of imported coal, the demand of foreign coal market is good, and the overall price is still supported. However, the inventory of southern ports is high and the demand of downstream ports is weak. At present, the market trading is relatively cold, and the price is basically stable. Now, the customs clearance time of Indonesian coal, Australian coal and other coal is kept at 40-60 days, and traders operate as required.