Downstream power plants demand stable operation of general power coal market

In recent days, the average daily coal consumption of six coastal power plants has remained around 700000 tons, similar to the same period last year. The inventory is still in high shock operation, and the available days are still more than 20 days. As of December 19, the daily consumption of six coastal power plants was 718000 tons, an increase of 19000 tons compared with the previous day, a decrease of 22000 tons compared with the same period last week and a decrease of 9000 tons compared with the same period last year, according to China coal resources network. With the cold air coming down to the south, it has been rainy in the South recently. Under the influence of continuous rain and cold air, the temperature in many areas of the Yangtze River Basin has dropped again and again, and has repeatedly set a new low. With the increase of heating power consumption, the daily consumption of six coastal power plants remains relatively high. However, on the premise of high inventory, the power plant is dominated by de stocking, and there is no significant increase in replenishment and transportation.

The available days are kept over 20 days, and the market is still weak. As of December 19, the coal storage capacity of six coastal power plants was 16.214 million tons, a decrease of 16000 tons compared with the previous day, a decrease of 376000 tons compared with the same period last week, and a decrease of 700000 tons compared with the same period last year. The available days of coal are 22.6 days, 0.6 days less than the previous day, 0.2 days more than the same period last week, and 0.7 days less than the same period last year. In terms of key power plants, the inventory is still at a high level of nearly 100 million tons. The existing coal storage needs to be consumed and the demand is very limited. As of December 8, the inventory of national key power plants was 92.41 million tons, with a decrease of 3.09 million tons in the weekly to environmental ratio; the coal consumption on that day was 4.42 million tons, with an increase of 660000 tons in the weekly to environmental ratio, with a supply of 4.41 million tons and an increase of 1.01 million tons in the weekly to environmental ratio. On the whole, although it is at the peak of coal consumption in winter, the daily consumption of six coastal power plants is expected to continue to increase, but due to the high coal storage, in addition to the small amount of replenishment demand for power supply and Datang coastal power plants; most of the power plants mainly consume their own inventory, and the downstream demand remains tepid. Generally speaking, the coal in the north port is transported rigidly in the downstream.

Even if the coal is purchased sporadically in the market, the counter-offer price is still depressed, resulting in no upward momentum of the port coal price. The port spot market continues to maintain a weak trend of supply and demand. The coal import and export of the port around the Bohai Sea keeps a balance, and the port inventory is relatively stable. However, due to the low inventory level of the main shipping traders operating the water coal business, and the tight supply of low sulfur and high-quality coal, the quotation remained firm, and delivery continued to be weak and stable. In addition, at the end of the year and the beginning of the year, due to the impact of cash cashing and capital withdrawal at the end of the year, some traders are in a hurry to make a move. They are not willing to make a price hike. It is expected that coal prices will stabilize or reach the end of the year. According to the understanding of the Ministry of energy, electricity and coal of Fenwei on December 19, the shippers in the northern port mainly cleared the inventory at the end of the year, reducing the shipment, resulting in a significant decline in the port inventory, a strong low sulfur coal quotation, and no significant improvement in the downstream demand, the overall transaction is still around the index operation. On December 18, the price of CCI power coal in the latest phase of China's coal resources network showed that the price of cci5500 power coal was 458 CNY/ton, the same as the previous phase, stable for eight consecutive periods; the price of cci5000 power coal was 486 CNY/ton, the same as the previous phase, stable for six consecutive periods.