Why is the high price of coal stored in the port eager to try?

In the Bohai Sea, Qinhuangdao and other ports continue to maintain high inventory, market supply pressure is still greater than demand. However, the price of coal in the port market around the Bohai Sea has stopped falling and stabilized, and individual coal types have rebounded slightly. The reasons are as follows:

The price of coal has fallen to the bottom, so it should return rationally. In November, on the one hand, with the heating seasons in North China, Northeast China and other places opening one after another, the mine mouth price in the main production area is supported to a certain extent, resulting in the high shipping cost, traders are unwilling to continue to ship at low prices, and coal prices in Datong, Shuozhou and other places take the lead in stabilizing; on the other hand, the market coal price falls below the long-term price, stimulating the downstream power plants to release part of the bidding procurement demand. To form a certain support for the panic market, driving the rational rebound in the low coal price. The amount of market coal in the port is less; the demand will pick up, which will drive up the price of coal. After the completion of the railway maintenance, the traffic flow returned to normal, and the number of arriving vehicles increased. Most of the coal vehicles entering the port are mainly Changxie coal.

Up to now, there are 6.44 million tons of coal in Qinhuangdao port. In the previous stage, due to the factors such as low demand and backward shipment, the upstream shipment was not active and there was little market coal in the port. Since last week, the demand of non electric users such as cement and chemical industry increased slightly. In addition, some small and medium-sized power plants had the psychology of bottom reading and the price inquiry increased, breaking the silence of the previous stage. As a result, high-quality low sulfur coal were in short supply, some coal types were in short supply, and port coal prices rose slightly. The coastal coal market is gradually active. Qinhuangdao Port accounts for 27% of the market share of coal transportation around Bohai Sea port, which is lower than before. However, it is still the barometer of coal market and the vane of coal price, which has a great influence on the coal transportation from west to East and north to south.

Once the coal price of Qin port rises, it will drive the surrounding ports such as Caofeidian and Tianjin to follow the trend, some traders will also actively participate in it, the coastal coal market will gradually become active, and the port coal transportation situation will be improved. Follow up market is mixed. As the heating season approaches, power plants in Inner Mongolia, northeast and other places begin to purchase winter storage in advance, which drives the increase of the demand for mine mouth purchase, and the low calorific value coal is relatively popular; in addition, industrial enterprises speed up production, which drives the future coal market to be optimistic. However, negative factors still exist. In November, the climate in East China is suitable, the civil power load is not high, and the phenomenon of high inventory and low daily consumption of power plants will continue for some time; the progress of winter storage and transportation is relatively slow, which restricts the enthusiasm of terminal procurement. In addition, the annual coal ordering meeting is just around the corner. In the case of high inventory, the power plant is not eager to pull a large amount of coal, so it is difficult to purchase in a centralized way in a short period of time, which affects the rise of coal price.