It is expected that the supply and demand of power coal in pithead will continue

This week's market overview this week, coal production in the main production area continued to decrease, the pace of downstream procurement slowed down, and the price of mine mouth power coal rose and fell. The decline in port inventory was significantly narrowed, and the closing price of power coal rebounded 4 CNY/ton. In terms of production areas, the coal mines in the main production areas are in the stage of safety centralized management. In addition, the coal mines are close to the holidays, and their production is reduced independently, so the coal supply in the production areas will continue to be tightened. At the same time, the direct downstream users are mainly rigid procurement, and the water coal traders are mainly shipping before the festival, so the shipping enthusiasm will also be restrained. However, the Huzhou Railway Bureau calls on the shippers to send more, which may help to alleviate the shipping pressure to some extent. It is expected that the supply and demand of pithead power coal will continue to be tight next week, and the price will be adjusted in a volatile way. On the port side, with the relevant departments actively promoting the shipping work, port transfer in may continue to improve. At the same time, at the beginning of the new year, the speed of customs clearance of imported coal has been significantly improved, which will effectively supplement the inventory of power plants and inhibit their enthusiasm to purchase coal from northern port. However, the port price continues to hang upside down, which is still a strong support for the price. It is expected that the supply of goods at the port will improve this week, with prices mainly stable.