At the end of the year, what is the trend of port coal price?

Since last Friday, the northern port power coal market began to show a weak trend, and coal prices began to turn from stable to falling, and continued to explore in a small range. To this end, some port traders can't help panicking again. They have asked today's think tank for many times whether the port coal price will fall again at the end of the year as before? Think tank observed that up to now, the price of 5500 kcal power coal in northern port has dropped about 70 CNY/ton compared with the same period. Since this year, the continuous downward trend of coal price center has made many traders leave the market in a gloomy way. At the end of the year, the port power coal market is also confusing. What's the next trend of coal price? Think tank believes that although the northern port coal market shows signs of weakening in recent days, there is no condition for continuous decline in coal price, and there is no basis for a substantial increase. There are four main reasons. First, as far as the current port market is concerned, affected by the National Coal Trade Fair held last week, all parties in the market are waiting for the introduction of new price policies. Downstream terminal power plants slow down the purchase demand, traders mostly offer stable prices, and the market stalemate situation is formed. In addition, in recent years, the port coal price has been slightly reduced due to the decrease in the heat of inquiry for high-quality coal sources with medium and low cards Callback. On the other hand, from the current pithead market, due to the continuous sluggish demand of the port, the phenomenon of shipment hanging upside down in the main production area still exists. Today, the think tank learned that multiple platforms in northern Shanxi Province have stopped shipping, and affected by the safety inspection, many mines are in the state of shutdown. In addition, most of the major mines in Yulin area of Shaanxi Province have completed their year-end tasks, showing signs of production reduction.

From this point of view, the origin market still has a strong support for port coal prices. The third is that the pace of inventory consumption of coastal power plants has accelerated in recent years. Last week, affected by the cold air in many parts of the country, the daily consumption of coastal power plants continued to rise, and the inventory continued to fall. Up to now, the inventory of six coastal power plants has reached 17.9 million tons, down nearly 1 million tons on a year-on-year basis, and the daily consumption has reached 760000 tons, up nearly 100000 tons on a year-on-year basis, and the available days have dropped to 22 days, down 5 days on a year-on-year basis. With the decrease of temperature in the later period, it is expected that the power plant will still have some Replenishment requirements. The fourth is that imported coal is expected to be fully opened again in January next year. Today's think tank learned that although most coastal ports in most parts of the country have more restrictions on the import of coal, a few power plants have scheduled the import of coal in January next year in advance. There is no doubt that the re influx of imported coal will certainly suppress the domestic coal price. To sum up, near the end of the year, the price of power coal in the northern port will not fall or rise as much as some traders fear, but will show a small fluctuation trend and stable operation.