Will coal prices rise in the northern port next week?

In recent years, the price of power coal in the northern port has shown a trend of continuous small increase. According to the guidance price of power coal in Fengkuang mine, the price of some coal types in the port has increased by 5-8 CNY/ton since it stopped falling. However, at present, the actual port transactions have not improved significantly, and the procurement demand for downstream power plants has not been significantly increased. In such a situation, can the coal price of the northern port rise next week? Today's think tank thinks that the port coal price will remain stable next week, and the port coal price still has a small increase space. Today's think tanks have this view, mainly due to the following three reasons.

First, after the mine accident in Pingyao, Shanxi Province, the main place of production this week, the intensity of safety inspection of major mines in Shanxi has increased. In addition, near the end of the year, coal mine production mainly focuses on safety. Moreover, affected by the mine accident, the coal trucks in Shanxi region often go to the surrounding Yulin and Shenmu to purchase, which leads to the continuous rise of coal price in the region, and the supporting effect of the origin market on coal price is further enhanced.

Second, since this week, the structural tension trend of some coal types in the port has begun to appear. The inquiry strength of low sulfur and high-quality coal resources in some medium and high-quality trucks has increased significantly. The inquiry strength of high-quality trucks is general. The willingness of port traders to hold goods is strengthened. In addition, due to the restrictions of import coal customs clearance, the comparative advantage of coal ratio in the domestic market is further highlighted, stimulating some terminal power plants to release the bidding demand, and from the current downstream. In terms of procurement demand, the daily consumption of six major coastal power plants has risen to over 650000 tons, a substantial increase of nearly 100000 tons compared with the same period last year, while the inventory has been consumed down to 16.6 million tons, and the available days of coal storage have been reduced to 25 days. It can be determined that some procurement demand of power plants in the later period still needs to be released, and the coal price will also be strongly supported.

Third, according to the forecast of the central meteorological station, in the next ten days, China's cold air activities are frequent, and there will be rain, snow and cooling in the Middle East. It is expected that the daily consumption of power plants will continue to rise in the later period, which will further stimulate the release of procurement demand of power plants. On the whole, affected by the current peak season of heating coal, the support of the upstream production market and the gradual release of some demand of the downstream power plants, it is expected that the price of power coal will remain stable in the next week with a small increase trend.