The market coal price will gradually stabilize in the short term

After more than a month of decline, the price of coal in the 5500 kcal market fell to 552 CNY/ton last week, which has fallen below the annual long-term cooperative price in November. According to the news from Shanghai stock exchange news on November 11, along with the cooling of some areas, the rising price of ports and the bidding of some terminal power plants, the price of coal appears to stop falling and stabilize.With the first heavy snow this winter in Yulin and Inner Mongolia, the reporter learned from Yulin coal trading center that in the past two days, the downstream demand has been released, the demand for goods has increased, the coal mine has been queuing for loading, and the price of some large coal mines in Yuyang District has been raised. Liu Yaohua, an analyst of Zhongyu information market, also confirmed that after the early price reduction in Yuheng area, Shaanxi Province, the recent shipment situation has improved and some coal prices have been raised. In terms of ports, with the release of demand for some coal types, the market sentiment is better than that in the early stage, and some traders are willing to hold up the price. Now, the mainstream price of 5500 kcal power coal is 548-553 CNY/ton, and the mainstream price of 5000 kcal power coal is 479-484 CNY/ton. On November 11, the underground coal price of Qinhuangdao Port showed signs of stabilizing. Some traders no longer reduce the price of shipment, but choose to price up at the current price. " A coal trader told reporters. The coal researcher of Yimei Research Institute told the Shanghai stock exchange that after a large round of adjustment in the previous period, the decline in the price of coal mine mouth in the main production area has converged. With the coming of heating season in the north, the upsurge of purchasing winter storage is gradually rising, and with the safety inspection coming again, the production of coal mines in some areas is limited, and the price of coal mines will be supported. Last week, the market coal price fell below the old co price, which also stimulated the terminal power plant to release part of the demand, especially the demand for low calorie and low sulfur coal with high cost performance, which will also support the market coal price. It is expected that coal prices will gradually stabilize in the short term.