Hunan coal prices rose 0.5% in September

According to the important means of production market monitoring system of Hunan Provincial Department of Commerce, the price of coal rose 0.5% in September. The average price of coal sales is 859.86 CNY/ton, up 0.5% from the previous month. Among them, the average selling price of anthracite is 884.83 CNY/ton, up 1.2% from the previous month; the average selling price of bituminous coal is 834.88 CNY/ton, down 0.1% from the previous month. In September, the price of coal market in the whole province increased slightly. The main reason for the price rise is that due to the influence of environmental protection and safety supervision and control and other factors, coal production and transportation are restrained, and the short-term supply of market resources is tightening, rather than the demand is optimistic. In September, the coal market mainly presents the following three characteristics: first, the total supply of the market is declining, and the supply pressure is relieved. The State Administration of coal mine safety has issued the notice on the comprehensive supervision of coal mine safety production, and the security inspection has been strengthened.

In particular, as the National Day approaches, all kinds of coal mine inspections continue to be strict, passive and active production reduction or shutdown of coal mines have increased, coal supply has gradually tightened, and the growth rate of coal production has decreased. Second, the demand decline is expected to increase. First of all, with the end of peak coal consumption in summer, the pace of end-user procurement gradually slows down. Secondly, at present, the growth of real estate investment is slowing down, manufacturing and infrastructure investment is in a downturn, cement, chemical industry and other industries continue to stagger peak production, industrial power consumption is difficult to improve, industrial demand has declined significantly, and industrial coal demand is also affected. Moreover, in September, some power plant units began to be overhauled, and the demand for coal further weakened. In addition, the growth rate of new energy power generation is increasing, and the role of thermal power substitution is increasingly apparent.

It is undeniable that thermal power accounts for most of the total power generation, and it will not change for a long time, but new energy substitution is gradually playing a role, causing a certain impact on the demand of coal market. Third, the high storage of downstream coal enterprises is normalized, which is conducive to the stability of coal market price. In October, the price of coal market in the whole province was greatly influenced by the following two factors: first, the demand for coal decreased. First of all, the current global economy is facing great uncertainty. Domestic economic growth is under pressure, which restricts the growth of industrial power demand. The growth rate of total power generation is declining, which directly restricts the demand for power coal. Secondly, the coal consumption of power plants in the traditional off-season has fallen. This year, the inventory of power plants has been higher than the level of the same period in history, and the possibility of reducing the storage and pressure in the later period is greater; secondly, the market supply is generally abundant. Since May, the coal output of the whole province has been released obviously, which shows that with the gradual release of compliance capacity, the supply gap caused by strict control of over production and other factors has been basically made up, and the coal supply is still at a relatively abundant level. With the release of environmental protection and safety supervision and control after September, although some coal mines are still shut down, the overall production capacity in October will be higher than that in September, and the market supply is in a state of oversupply. To sum up, it is difficult to see a significant improvement in downstream demand and a relatively abundant supply pattern that will still suppress coal prices. October is the off-season of traditional coal consumption, and it is expected that the coal market price will be under pressure in October.