Analysis on the operation of coal market in different regions

According to the monitoring data, on October 18, China's coal price index (National composite index) was 155.9 points, down 0.5 points from the previous period. In terms of ports, the market transaction has entered the off-season, and the demand has declined, resulting in a decrease in price; in terms of places of origin, the market has remained stable as a whole, and the inventory in some regions has been under pressure, with a slight decrease in price; in terms of coking coal market, the downstream demand is weak, and the price growth lacks support. At present, northern port prices will continue to bear downward pressure next week. In the coming winter coal peak period, the civil load of the power plant will continue to increase, but the overall inventory of the downstream power plants will remain at a high level, and the coastal power plants are mainly long-term cooperative coal, and the purchase strategy of import coal assistance will further reduce the transactions in the market, and the downward pressure of the market price will still exist in the short term.

As of October 17, the total inventory of the four major ports around the Bohai Sea was 25.561 million tons, an increase of 583000 tons compared with last week. The overhaul of Daqin Railway in autumn is over in all respects, and the restrictions on railway transportation capacity may be lifted. Under the guarantee of coal transportation of China Changsha Association, the inventory of northern ports is rising again. At the same time, the number of ships in the anchorage area of the northern port is relatively low, and the increase of coal storage in the port reduces the purchase intention of the downstream in the off-season. In addition, after the national day, the issuance of initiating explosive devices and coal control tickets is normal, and the early limit will be released in an orderly manner. The supply of production areas tends to increase, and the demand is relatively weak, which causes the price to decline.

In terms of power coal, the price is relatively stable. In terms of coking coal, after the national day, the downstream coking enterprises are still mainly replenishing the storage according to the demand. The coking coal market as a whole is in a weak running situation. Under the condition that the price of coking coal in the main production area continues to fall, the market has been impacted, resulting in the continued decline of the market. In terms of coking coal in North China, due to the low demand in the downstream and the impact of low price of imported coal in the early stage, the sales of coking coal in some coal mines in the main production area were not smooth, and the price continued to be reduced by about 30 CNY/ton. In terms of power coal, the overall price in northern Shanxi is relatively stable, with large mines maintaining a long-term cooperative production and sales balance, while other small mining areas are generally shipping, with the overall focus on wait-and-see. The production and sales of [northeast and East Mongolia] are basically balanced. The rigid demand purchase of the downstream coal enterprises supports the demand of the coal market in the production area. However, under the effect of the long-term cooperative price of large coal enterprises, the market operation is basically stable.

This week, the power load in central and southern China showed a trend of oscillation, and the decline trend picked up. Compared with the previous week, the number of units started in the power plant decreased by 2, and the coal consumption level increased with the rise of power consumption, but the overall change was not significant, and the overall inventory of the power plant increased. As of October 17, the total coal storage capacity of the power plant in Hubei Province was 4.671 million tons, an increase of about 110000 tons compared with last week.

The coal mines in Yulin area of Shaanxi Province are relatively stable at present, with a small decrease in inventory. Some small mines in other areas are in a situation of poor delivery and less coal pulling. The inventory pressure in the mining area is increased, which makes the coal price float down, with a range of 10 yuan left and right. In the short term, coal prices are not strong. The coal price in Ordos area is affected by the weak demand of the port, the platform shipping is poor, the local mining area inventory increases, and the price is under pressure. The price of coal mines in Southwest China has little change in normal production.