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Home > News > Valuable News > Port supply and demand are expected to be loose next week

Port supply and demand are expected to be loose next week

ECHEMI 2019-11-19

chemical-refining

The port inventory decreased slightly, but remained at a high level, and the price accelerated to decline. In terms of producing area, the northern region has officially entered the heating period, and the coal consumption of power plants may be relatively improved. However, the inventory of key power plants is as high as about 100 million tons. In the case of long-term co guarantee supply at the beginning of the month, the sentiment on spot procurement is not high. However, the production task of coal mines is relatively heavy near the end of the year. Under the condition of ensuring safety, the output may be kept at a high level and the key of ensuring supply will not be changed. It is expected that the supply and demand of pithead will continue to be loose and the price will continue to remain weak next week. In terms of ports, the average temperature in most parts of the country next week is 1-3 ℃ higher than that in the same period of the whole year, and the daily consumption of coastal power plants is difficult to improve significantly. At the same time, the port and terminal inventory are at a high level, and the downstream will continue to be dominated by elongated coal, with little spot procurement. However, as prices continue to decline, traders' strong price sentiment gradually rises. Port supply and demand are expected to ease next week, but prices are likely to stabilize for a short time.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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