Real situation of power coal in production area

The domestic power coal market continued to decline this week. In terms of production area, after the early price reduction, the sales of coal mines have not been improved. The prices of several coal mines in Shanxi, Shaanxi and Inner Mongolia continue to be reduced by 10-20 CNY/ton. Now, the mainstream price of 5500 dacha coal in Ordos is about 335 CNY/ton, down 6.94% month on month, down 11.14% year on year. In terms of ports in the north, the price of power coal also maintained a downward trend. Now, the closing price of 5500 kcal coal is about 550 CNY/ton, and the closing price of 5000 kcal coal is about 480 CNY/ton. In the downstream, some power plants in Henan Province have coal inventory top warehouse phenomenon. Now, the purchase of market coal is suspended, and only long-term cooperative coal is transported. The price of long-term cooperative coal is 0.1-0.108 yuan / kcal.

Most of the power plants in Hunan Province have a start-up rate of about 50%, coal consumption is running at a low level, and the receiving price of electric coal is reduced by 5-10 CNY/ton. At present, the receiving price of coal in 5500 kcal market of a local power plant is 0.111 yuan / kcal. The purchase price of electric coal for state-owned power plants in Shandong Province is temporarily stable, with prices ranging from 0.104-0.109 yuan / kcal. The received price of electric coal for power plants owned by individual enterprises is reduced by 5 CNY/ton. At present, the downstream power plants generally maintain the state of low daily consumption and high inventory. Under the loose pattern of supply and demand, the demand for coal is limited, and the price of short-term power coal still has downward pressure.

Inner Mongolia: the price of power coal in Ordos, Inner Mongolia continues to decline this week. From November 7 to 13, the price of coal purchased by Shendong in Ordos, the place of origin, decreased by 10-12 CNY/ton, among which, the price of 5800 kcal decreased by 12 CNY/ton to 369 CNY/ton, 5500 kcal by 12 CNY/ton to 338 CNY/ton, 5000 kcal by 12 CNY/ton to 267 CNY/ton, and 4500 kcal by 10 CNY/ton to 216 CNY/ton. Previously, affected by the increasing decline of power coal in the northern port, the delivery of pulverized coal in Ordos coal mine was relatively poor, and the price kept falling. Now, the price of 5500 kcal pulverized coal in the main mine mouth is 335 CNY/ton, combined with the impact of the price reduction of outsourcing coal in this large group, it is expected that the price of production area will maintain a weak operation in the short term.

Shanxi area: this week, the power coal market in Shanxi area declined as a whole. After entering November, Shanxi power coal market showed obvious signs of decline. Datong's coal mines, which mainly sell land, said that in the near future due to the impact of the decline in the operating rate of downstream enterprises, the surface coal delivery was poor, and the price went down by 20 CNY/ton. Now, the price including tax at the surface coal mine mouth of 5200 kcal in the mine is 470 CNY/ton. Affected by the continuous decline of port coal price, the coal mines dominated by the following water coal are not actively purchased by downstream traders and platforms. At present, the tax inclusive price of 5000 kcal power coal car board in Xinzhou district is 305 CNY/ton, down 5 CNY/ton compared with last week.

Shaanxi Province: this week, the power coal market in Yulin, Shaanxi Province continued to decline in a weak way. So far, the coal price has declined by more than 100 CNY/ton. Taking a coal mine in Yuyang District as an example, the current tax price of 5000 kcal blended coal is 325 CNY/ton, down 175 CNY/ton compared with the highest point in March this year. The current tax price of 6000 kcal lump coal in Shenmu district is 500 CNY/ton, down 190 CNY/ton compared with the highest point in January this year. According to Zhuo Chuang, although it has entered the peak season of coal consumption in winter, due to the influence of the downstream coal to gas and the limited production of coking and other enterprises, the sales of all kinds of coal are not good. Some of the coal mines said that the inventory in the mine is at a high level at this stage, but considering that the coal price has been reduced to a low level, the later decline may be narrowed.

Shandong area: this week, Shandong power coal market is weak and stable. According to Zhuo Chuang, power coal is mainly supplied to surrounding power plants in Shandong, but in recent years, the stock of power plants in Shandong is generally on the high side, the hauling mood is not high, and the overall delivery of coal mines is not optimistic; on the other hand, the environmental protection pressure in Southwest Shandong is high, and coal mines in Jining area say the delivery is limited. In terms of the received price of electric coal for power plants, the received price of electric coal for main power plants in Shandong in November was the same as that in October, and the overall purchase volume fluctuated little; in terms of self owned power plants, most of them had the intention to reduce the received price of electric coal, but now they wait and see more for fear of the shortage of coal sources in the later period, and it is expected that there will be a slight reduction in the later period. On the whole, the coal production in Shandong is normal, the power plant inventory is on the high side, the downstream demand is not good, the number of vehicles shipped is reduced, and the mine mouth inventory is on the rise; the miners are pessimistic about the future market.

East China: the current inventory of power plants in East China is generally high, and the power generation load is low in the near future. Due to the lack of power generation load, some power plants are suspended from purchasing power coal. The downstream procurement enthusiasm is not high, and the downward pressure of port coal price is large. Take Ningbo port as an example, the current mainstream quotation of 5000 kcal domestic trade coal in Ningbo port is 612 CNY/ton, 5 CNY/ton lower than the same period last week, 536 CNY/ton lower than the same period last week, 7 CNY/ton lower than the same period last week. In the later stage, it is difficult to effectively digest the power plant inventory in a short period of time. The main purpose of replenishment is to transport long-term cooperative coal. It is difficult to significantly improve the enthusiasm of market procurement. It is expected that the price of power coal in East China will continue to decline under pressure.

Southwest China: in the near future, the power coal market in Southwest China is stable. In Guizhou, affected by the decrease of power plant inventory in the early stage, the supply and demand pattern of power coal market in Guizhou is tight in the near future, and the sales situation of coal enterprises is relatively optimistic; the power coal market in Sichuan continues to operate under pressure, first, because the power plant inventory is high, the power generation load is low, and the purchase demand is low; second, the northern coal enters the Sichuan market for sales degradation, and the price advantage is obvious, and the local coal price follows Maintain stability, but sales are not optimistic.