The basic price of Guodian fire coal power plant is expected to rise

The port market is short of coal, most of the pallets are in January, the demand for new inquiry goods in the downstream is less, and the overall transaction is limited. The low sulfur coal of medium and high calorie basically trades at 1-3 yuan in the index level or up, and the overall market is stable, medium and strong. Downstream, as of December 27, the inventory of six coastal power plants was 16.058 million tons, with a decrease of 66000 tons in the weekly to environmental ratio, a year-on-year increase of 239000 tons; the daily coal consumption was 772000 tons, with a increase of 9000 tons in the weekly to environmental ratio, a year-on-year increase of 2000 tons; the available days were 20.8 days, with a decrease of 0.3 days in the weekly to environmental ratio, with an increase of 0.3 days in the same ratio. In terms of imported coal, there are not many new bids for power plants, and the bidding standard is relatively low. In the case of short supply of goods in the northern port, the importers have a strong wait-and-see mood.

Near the end of the year, the demand for coke enterprises to replenish the storage is continuing, and there is still a procurement plan for coking coal, especially the main coking coal resources. But Shanxi Jinzhong, Luliang, Linfen and other local mine maintenance, increased production, resource supply continued to bias, affecting the original clean coal price is still expected to rise. However, in terms of coking coal distribution, due to the fact that the coking capacity of Shandong Province has been reduced and the inventory of coking enterprises is reasonable, the purchase demand has not been significantly increased, and the short-term price is under pressure.

According to the news released by the National Bureau of statistics on 27th, from January to November 2019, the main business income of coal mining and washing industry was 2247.77 billion yuan, up 4% year on year; the total profit of coal mining and washing industry was 266.27 billion yuan, down 1.7% year on year, down 0.4% compared with that of January to October; the business cost of coal mining and washing industry was 162.17 billion yuan, up 6.6% year on year. The operating cost of the mining industry was 3020.17 billion yuan, up 6.5% year on year.

According to the coal Jianghu news, due to the safety of the coal mines in the production area at the end of the year and the low enthusiasm for production (the mine mouth is expected to start to have a holiday on December 18), the number of trains shipped by Taiyuan Bureau is biased towards Huaneng Power Plant, so the number of cars in some power plants of Guodian and Huadian is reduced and the shipment is tight, so the purchase price of the fire coal power plants of Guodian and Huadian is increased.

In terms of coke, the third round of price increase of coke has been implemented successively, with a cumulative increase of 150 CNY/ton. Transportation recovered slightly, and the arrival of coke by steel enterprises picked up slightly this week. At present, the replenishment of steel enterprises in most southern and coastal areas has come to an end temporarily. In the short term, or will maintain on-demand procurement, while some steel plants in East China still have some replenishment demand.