Market demand continues to weaken and the price difference

Power Coal News: In terms of production area, the demand of the lower reaches of Yulin region in Shaanxi Province has fallen periodically. Most of the production and sales of coal mines have turned weak, and open-air stacking pollution is prohibited in some coal yards. The prices have continued to fall steadily, and the transaction prices of the three major coal mines in Shaanxi Province have dropped by 10-15 CNY/ton. The coal market in Shanxi and Mongolia region has not changed much, the trade and shipment of market households are low, the land sales are general, and the coal prices are stable as a whole. In terms of ports, in the near future, the railway transportation capacity is stable, while the port transfer out volume is limited, and the spot price falls by 1-2 CNY/ton per day. However, due to no significant improvement in the terminal receiving rate, there are not many spot transactions. Now, the mainstream price of 5500 kcal power coal is 570-575 CNY/ton, and the price of 5000 kcal power coal is 501-506 CNY/ton.

By the end of the 21st day, the total inventory of the Bohai Sea port has declined slightly, including 6.835 million tons in Qinhuangdao port, 20 ships in Anchorage, and 32 ships in advance; 10.081 million tons in Caofeidian port, 6 ships in Anchorage, and 29 ships in advance; 7.058 million tons in Jingtang Port, 10 ships in Anchorage, and 15 ships in advance; 2.39 million tons in Huanghua port, 26 ships in Anchorage, and 33 ships in advance; the total inventory of the above four ports is 26345 (- 7) million tons. On the downstream side, at this stage, the supply and demand of the middle and lower reaches are weak and unchanged, and the process of port clearance and inventory removal is relatively slow. Continue to pay attention to the supply and consumption of the follow-up power plants and the strict control of imported coal. On February 22, the six major coastal power plants had an inventory of 16.0549 million tons, a daily consumption of 585500 tons and a usable life of 27.42 days. In terms of imported coal, the demand of foreign mine market is good, and the quotation is stable in the middle and upward, but the domestic downstream demand is still weak, the market activity is not good, and the price is basically stable. Now, Indonesia's 3800 kcal FOB quotation is 34.5-35.5 US dollars / ton, Australia's 5500 kcal FOB quotation is 51.5-52.5 US dollars / ton, and the price difference between domestic and foreign trade is narrowed to within 100 CNY/ton after nearly 8 months.