Port coal price will remain weak and stable

The port coal market as a whole continued to be weak and stable, and the low and medium-sized stuck coal continued to rebound. With the upgrading of imported coal control, the comprehensive start-up of heating and the support of upstream cost, traders have firm confidence in price fixing; with the suppression of high storage in the middle and lower reaches, daily consumption is still in a low state, and the coal trade fair is approaching, the terminal price is still in a serious state of pressure, the market long space game is intensified, the price continues to be weak and stable, the supply of medium and low calorie coal is weak and strong, and the market continues to rebound in a small way. In terms of imported coal, the stricter control of imported coal led to competitive mining of stock, short-term imbalance of import supply and demand, and slight rebound of quotation.

Main production area: the terminal demand is weak, and the coal price of production area continues to bear pressure. Although some production areas are gradually stabilizing and increasing under the support of the demand for medium and low calorie coal, overall, due to the impact of environmental protection production restriction in the north and high inventory of key power plants on a year-on-year basis, the demand for local sales is still weak; however, the port market continues to be depressed, the shipment is becoming more and more upside down, and the confidence of the future market is insufficient, the enthusiasm of traders is still weak, the overall demand of the terminal is weak, and the coal price of the production area continues to rise Pressure operation continued, but the decrease was slightly narrowed. In the aspect of transfer transportation, the railway routine maintenance overlaps the weak market and the shipment is reversed, the transfer in volume of the northern port continues to be depressed, and it continues to maintain the low and medium level operation year on year; in the aspect of transfer out, under the support of import restriction and heating start-up, the storage and replenishment in winter increases steadily, and the backlog of shipping is released, the transfer out volume of the port rises slightly, and the overall transfer out is greater than the transfer in, and the inventory of the northern port continues to fluctuate and fall; in the aspect of shipping : in the fourth quarter, there is good news.

In the low water period, the pressure of hydropower and thermal power will increase; at the same time, with the expansion of winter storage, the downstream demand will recover; in addition, the introduction of measures to restrict the import of coal, the domestic coal market will turn better. It is reported that yesterday's strong willingness of shipowners to hold up the price, with a slight increase in pallets. Recently, the ship's asking price is high, and the market transaction price has increased significantly. From today's transaction, the freight rate remains at a relatively high level. Some shipowners are optimistic about the price, and they are mainly waiting to see, not eager to book the ship, which makes the coal freight index fluctuate in a narrow range. In terms of terminal consumption: in the near future, the weather in coastal areas has been warmer, the support of civil power is still limited, and the daily consumption continues to be low. In terms of inventory: the peak winter is approaching, the daily consumption continues to be low and the winter storage and replenishment warehouse is gradually opening, and the six major coastal power inventories continue to maintain high volatility.