Why the price of high calorie coal remains unchanged

In the past three weeks, the price of power coal in the 5000 kcal market of the port around Bohai Sea has increased by 10 CNY/ton, while the price of coal in the 5500 kcal market has remained unchanged. The reasons are as follows:

Coal mines actively guarantee supply and smooth transportation links. During the peak period of "peak winter", 11 large-scale coal enterprises jointly guaranteed the supply, guaranteed the safety, guaranteed the people's livelihood, stabilized the market and stabilized the price, and curbed the momentum of the sharp rise of coal in the year. In addition, the railway Datong Qinhuangdao, Shuohuang and Mengji railway accelerated the coal shipment, which increased the coal supply quantity of the northern ports; while the northern ports newly put into production the coal shipment capacity, increased the loading berth, which improved the loading efficiency very quickly; the coal ships arrived at the port, berthed in time, shipped in time, and left in time, which promoted the reduction of the port pressure and the acceleration of the coal turnover. Daily consumption increased, but plant inventory was high.

With the gradual decrease of temperature, the coal price inquiry in the launching port has picked up. However, the weather in the south is not cold and the civil power load is low. In addition, the terminal power plant keeps high inventory, which restrains the sharp rebound of coal price. Data shows that the recent key electricity inventory continues to rise, which is close to 100 million tons, the highest in history. Therefore, the short-term procurement is still dominated by rigidity, and the main coal of the power plant is mainly the extended coal. In addition, the arrival of some imported coal supplements the resources, and there is no lack of coal in the downstream. Unless before the end of the year, there will be many days of cold weather in the south, and the daily consumption of power plants will soar, which will drive the market to get better. Otherwise, the follow-up market is not optimistic; therefore, whether the coal price can rise steadily and whether the coastal coal transportation can tend to be busy mainly depends on the digestion of downstream demand for inventory. The demand in East China is slightly better. In the past week, the daily consumption of power plants in the three regions of Jiangsu, Zhejiang and Shanghai in East China has increased rapidly, among which the daily consumption of Zhejiang energy and power supply has increased to 134000 tons and 24900 tons respectively.

The demand for coal in East China is optimistic, and the amount of imported coal in this region is less than that in South China, which has led to an increase in domestic coal procurement. It is worth noting that in the design of thermal power units in East China, 5000 kcal of power coal is mainly used; therefore, users prefer 5000 kcal of coal, which drives the price of Zhongka coal up. At the same time, the civil power load in South China is low, and the increase of coal consumption of power plant is not obvious. The main coal type is 5500 kcal, and the haulage volume is relatively small, so it is difficult to drive up the coal price. The follow-up coal price increase support is not enough. In the near future, coal mine accidents occur frequently, and safety inspections are carried out in main production areas in succession. In addition, some coal mine production and sales tasks have been completed by the end of the year, and the production progress has slowed down. The supply of resources from the main producing areas has been slightly tightened, but the downstream is also in a downturn, with no obvious improvement in terminal demand. The market continues the weak trend of supply and demand. As the order meeting is coming soon, the atmosphere of upstream and downstream games is very strong, and traders are mainly waiting for the moment.