Port market is stable, waiting for coal and electricity negotiation in December

In terms of origin, the demand for haulage downstream of the coal mines in Northern Shaanxi is general, most of the coal mines are balanced in production and sales, and the price remains stable, with individual coal prices rising by 10 CNY/ton; the coal market in Jinmeng area is generally weak and stable, the bidding for low calorie coal in the surrounding power plants is increasing, the land sales are flat, and the large-scale trade and transportation are normal, and the coal price is mainly stable, so we continue to pay attention to the follow-up impact of recent coal mine safety accidents. In terms of port, recently, the downstream inquiry has been relatively improved, and mainly concentrated on low sulfur coal of medium and low calorie, but the actual transaction is small, the overall market rhythm is stable, and many quotations are slightly upward. Now, the mainstream quotation of 5500 kcal power coal is 547-552 CNY/ton, and the quotation of 5000 kcal is 485-490 CNY/ton. As of the 26th, the total inventory of the three ports around Bohai Sea is 22.83 million tons (- 128000), including 6.65 million tons in Qinhuangdao port, 12 ships in Anchorage and 30 ships in advance; 9.089 million tons in Caofeidian port, 16 ships in Anchorage and 23 ships in advance; 7.092 million tons in Jingtang port, 19 ships in Anchorage and 21 ships in advance. On the downstream side, the current high level of port and power plant inventory is fluctuating, which is still based on the realization of long-term cooperative coal transportation, focusing on the power plant supply and consumption in heating season under cooling weather and waiting for the results of long-term cooperative coal and power negotiation in December. On July 27, the inventory of six coastal power plants was 16.6798 million tons, with a daily consumption of 655100 tons and a usable life of 25.46 days. In terms of imported coal, in view of the weak market demand at home and abroad and the impact of domestic import coal restrictions, the price of foreign mines is on the decline. Although the market demand in South China is limited, the price of domestic trade is on the rise due to the decline of some port inventories. Now, the FOB price of 3800 kcal of Indonesian coal is 32.5-33.5 USD / ton, and that of 5500 kcal of Australian coal is 50-51 USD / ton.