Coastal coal price in Bohai power coal market

On January 8, data released by Qinhuangdao coal network showed that Bohai Rim power coal price index closed at 552 yuan per ton, flat on a month on month basis. According to the calculation results of transaction prices of six ports around Bohai Sea, the prices of 24 specifications were all the same in the reporting period. Near the Spring Festival, the coal market is full of negative and positive factors, which jointly affect the coastal market of domestic trade and promote the relatively stable comprehensive price performance of Bohai power coal in this period. Near the Spring Festival, the market entered a low period ahead of time, and trading was not active, which reduced the sensitivity of market price discovery. The long-term association of coal and power enterprises has been delayed, and the price game continues. In 2020, the long-term cooperative contract between the two sides of coal and electricity still hasn't reached an agreement. In January, the annual long-term cooperative price of large coal enterprises diverged. The rise of monthly long-term cooperative price to some extent supported the off-season market coal price. However, the downstream demand is not warm, only maintaining the long-term cooperative purchase, but also accumulating bargaining chips. The price game between the two sides of coal and electricity continues. Coal import customs clearance to the shore limits the space for domestic trade procurement. The increase of imported coal limits the space for demand end to domestic trade procurement and puts pressure on the price of domestic trade coal. Due to the influence of rainy and snowy weather, the structure of the port's cargo source is tight, and the price of some kinds of coal has increased slightly, which supports the stable performance of the overall coal price.