Shanxi low sulfur main coke supply continues to tighten

According to market news, the supply of low sulfur main coking coal in Shanxi continues to tighten, among which coal mines in Changzhi, Gujiao and other places in Shanxi Province have suspended the offer due to the lack of sales, and the offer of individual coal mines in Linfen area in Shanxi Province has been increased by 50 CNY/ton again, and now the mainstream price of low sulfur main coking coal market is around 1450-1470 CNY/ton. On the whole, the price of coking coal in the main production area is relatively strong. This snowstorm caused the arrival of raw materials of coking enterprises to be greatly reduced, the upstream inventory generally increased, and the storage and replenishment of coking enterprises in winter have to be supported. The price of high-quality coking coal is high and no goods are available. Near the coal mine holiday, the main coking coal resources are increasingly in short supply. The turnover of individual medium and high sulfur main coke in Luliang continues to rise slightly, with strong supply support. The spot price of coking coal will still be strong in the short term.

As for the import of Mongolian coal, due to the expectation of price reduction in Mengfang pithead, the fact that most traders are waiting for price reduction, the general willingness to receive goods is not strong, as well as factors such as limited transportation due to snowfall weather, the customs clearance volume has not recovered significantly temporarily. According to statistics, the average daily customs clearance of Mongolian coal in January was 507 vehicles, up about 83 vehicles from December last year. From this week's trend, the national coking coal market is generally stable, but the regional performance is slightly different. After the price of coking coal in Shanxi, Shaanxi and Wuhai area of Inner Mongolia rises generally in early January, the current performance is still good and the price is tight. Now, the low sulfur main coking coal in Luliang area has a tax content of 1420 CNY/ton, the low sulfur fat coal in Luliang area has a tax content of 1450 CNY/ton, and the Wuhai area is low Sulfur 1 / 3 coking coal is 1040 CNY/ton. Different from the above-mentioned areas, the coking coal market in Shandong, Jiangsu, Henan and Hebei is more stable. In terms of production, at present, most of the coal mines are in normal production, but the Spring Festival is coming. Most of the coal mines will be shut down for holidays after January 20.

The time for large mines to return to work will be around the seventh day of the first month, and the supply of coking coal will be tight around the Spring Festival. In terms of demand, the downstream is still actively replenishing inventory before the festival, which is supported by demand. On the whole, the supply and demand of coking coal market is slightly tight before the Spring Festival, the price is temporarily high-quality, and the market is expected to be stable, moderate and weak after the festival. The analysis shows that from now to the end of the year, although the supply of coking coal in some areas is tight and the price is supported, the supply and demand pattern of coking coal market is still loose as a whole, and it is difficult to get a substantial improvement on the demand side. In addition to the small price increase in some areas, most of the coking coal in the first half of the year will be based on the strong price, and the market situation after the year is not optimistic. In terms of price, it is expected that the price of gas refined coal in Shandong will be about 870 CNY/ton next month, the price of main coking coal in Handan, Hebei will be stable at about 1330 CNY/ton, and the price of low sulfur main coking coal in Luliang, Shanxi will be 1420 CNY/ton.