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    Home > Chemial News > Valuable News > Strong wait-and-see mood in coal market

    Strong wait-and-see mood in coal market

    Echemi 2019-12-06

    refinery

    As of November 27, the average transaction price of coal mainstream in the 5000k0.8s market of Beifang port was 489 yuan / ton, up 1 yuan / ton on a month on month basis, and the average transaction price of coal mainstream in the 5500k0.8s market was 549 yuan / ton, unchanged on a month on month basis; the average transaction price of coal mainstream in the 5000k0.8s market in the Yangtze River estuary region was 535 yuan / ton, up 2 yuan / ton on a month on month basis; the average transaction price of coal mainstream in the 5500k0.8s market was 604 yuan / ton, unchanged on a month on month basis. The price of coal market fluctuates in a narrow range. The price changes in the northern port and the Yangtze River estuary are shown in the table of price changes in the northern port and the Yangtze River Estuary. The figure shows the trend of 5500 kcal power coal in the Yi coal index Strong mood, coal price is stable temporarily. On the one hand, driven by the purchase of winter storage and non electric terminal, the mine mouth price in the main production area is generally stable, and the cost of shipping port to close the warehouse does not change much; on the other hand, the low calorie coal resources in Bohai port are limited, and the enthusiasm of traders for shipping is not high, while the demand for high storage in the downstream terminal is low, and the gluing situation continues, and the coal price is mainly stable. "

    According to the market report of Yimei Research Institute on November 27, the total inventory of major ports in the Yangtze River Estuary was 6.48 million tons as of November 22, a slight decrease of 180000 tons compared with the previous period. As of November 27, the total inventory of major ports around the Bohai Sea was 25.16 million tons, down 540000 tons from the previous period. The total inventory of the six coastal power plants is 16.6798 million tons, which is the same compared with the previous period; this week, the market negotiation atmosphere is cold, the actual volume is small, and the coal freight rate is stable, moderate and weak. The downstream power plants are in high storage, with limited demand for transportation. In addition, the annual order meeting is approaching, the market has a strong wait-and-see mood, the foreign trade is weak and the return of operating ships is more, the end of the month shipping period is relatively loose, and some routes are slightly reduced. Freight rates fluctuate in a narrow range in the coastal market.

    From the overall situation of the current market, it is expected that coal prices will continue to fluctuate in a narrow range in the later period Zhang Mengchao analyzed that, at the end of November, on the one hand, with the opening of heating seasons in the north and the end of the year's safety inspection, the supply increase in the main production areas was limited and the pit price was stable. At the same time, the shipping cost is still high. In addition, as the end of the year approaches, the overall shipping enthusiasm is low, the low calorie coal resources in Bohai port are limited, and traders are not willing to ship at a low price. On the other hand, the inventory of coastal terminal power plants continues to be more than 16.5 million tons, and although the daily consumption is rising seasonally, the procurement demand is still low. Waiting for the results of the annual long-term negotiation on coal and power in December, we are in a strong wait-and-see mood.

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