Focus on power coal: weak supply and demand in the middle and lower reaches

Power Coal News: in terms of origin, the demand for haulage in the lower reaches of Shaanxi and Inner Mongolia is poor, most of the coal mines and coal yards are under pressure, and the price is temporarily weak and stable. In addition, we pay attention to the influence of mine accident fermentation in Binchang mining area. The coal market in northern Shanxi has little change, and the market platform shipping is relatively low, the land sales is general, and the coal price is relatively stable. In September, the raw coal output in Shaaches, no change in coal price return to green rangenxi, Shaanxi and Inner Mongolia was 231 million tons, an increase of 5.622 million tons compared with last month.

In terms of ports, at present, port operations are mainly based on long-term cooperative scheduling. The pressure of shipping cost inversion of traders is increasing, the market operation is less, and the spot price continues to decline, but the downstream receiving rate is relatively low and the overall transaction is limited. Now, the mainstream price of 5500 kcal power coal is 567-572 CNY/ton, and the price of 5000 kcal power coal is 497-502 CNY/ton. As of the 23rd, the total inventory of ports around Bohai Sea has declined slightly, including 6.79 million tons in Qinhuangdao port, 23 ships in Anchorage, and 9 ships in advance; 10.077 million tons in Caofeidian port, 11 ships in Anchorage, and 20 ships in advance; 7.125 million tons in Jingtang Port, 12 ships in anchorage, and 17 ships in advance; 2.215 million tons in Huanghua port, 28 ships in Anchorage, and 35 ships in advance; the total inventory of the above four ports is 26.207 (- 102) million tons. On the downstream side, the current port and power plant inventory is high, and it is difficult to change the situation of strong supply and weak demand. In addition, a new round of cold air is about to go south. Pay attention to the change of power plant supply, consumption and inventory, the impact of relevant market sentiment, and the subsequent strict control of imported coal. On April 24, the six major coastal power plants had an inventory of 16.0514 million tons, a daily consumption of 629100 tons and a usable life of 25.51 days. In terms of imported coal, the supply and demand of foreign coal market is still good, and the price is stable, but the demand for electric coal in the south of China is low in the off-season, the market activity is low, and the price is basically stable. Now, Indonesia's 3800 kcal FOB price is 34.5-35.5 USD / ton, Australia's 5500 kcal FOB price is 51.5-52.5 USD / ton.