Port coal prices are stabilizing this week

Entering this week, near the Spring Festival, the production area and downstream industrial enterprises will be shut down for holidays at the same time, and the market will gradually enter a trading trough; the downstream procurement and upstream supply are decreasing, the port market coal presents a weak trend of supply and demand, and the port market coal trading price gradually stabilizes. Near the Spring Festival, the supply of main coal producing areas has been reduced. The amount of imported coal from major coal ports around the Bohai Sea continues to remain low, and the port inventory has declined slightly. At this time, the demand for coal in the downstream is weak. Under the condition of long-term closure, the number of ships arriving at the port has been accumulated, but the number of anchor ships is still low. Recently, the ports around Bohai Sea have been closed for many times. In addition, the sudden failure of port equipment has increased, and the amount of coal transferred out has decreased, but it is still higher than the amount of coal transferred in, which shows the impact of supply reduction on the market. As of yesterday, Qinhuangdao's coal reserves fell to 4.58 million tons, down 970000 tons from the beginning of the month.

In terms of origin, the downstream industrial enterprises are about to stop production at the end of the year, and the demand has not changed significantly. The daily consumption of six major coastal power plants has dropped to below 700000 tons. In addition to the fact that some small and medium-sized households in East China are still actively pulling coal for stock, the purchase desire of most major power plants has weakened. At present, the amount of coal stored in each power plant is enough to cope with the use during the Spring Festival; in addition, during the Spring Festival, the daily consumption of the power plant will be sharply reduced, and the power plant inventory will be passively replenished. In the upper reaches, affected by the early snowfall, some mines in Ordos area of Inner Mongolia appear top warehouse phenomenon, and the output is forced to reduce; the coal market in Shanxi and other places is relatively stable as a whole, with little price fluctuation. In the near future, under the condition of ensuring safety, the production and shipment of coal mines in the upper reaches are reduced, and the supply is tightened; in addition, snow affects the short-distance highway transportation, and the transportation volume of coal railways in various large-scale transportation is significantly reduced, especially the daily average transportation volume of Daqin line is almost equal to the transportation volume when the "skylight" is opened, and the unloading quantity of the port is also decreasing, resulting in the continuous decline of the port inventory. In addition, close to the annual pass, traders and small and medium-sized shippers are not actively shipping. The coal entering the port is mainly large and long-term coal.

The spot coal resources in the market are still in short supply, and the coal type structure is tight. It is difficult for the coal price in the port market to fall this week, and it will remain strong. The Spring Festival is coming. From next week, downstream industries and enterprises will be shut down for holidays, and migrant workers will return home for the new year. The industrial power consumption in southern China will decline. It is estimated that the daily consumption of coastal power plants will fall below 600000 tons. In the case of falling coal consumption, the power plant will continue to transport long-term cooperative coal, at the same time, it will reduce the purchase of market coal and affect the enthusiasm of purchasing and hauling in the north. Next week, the hot market atmosphere cools down, and the transportation situation of the Bohai Sea port is worrying. As the new year approaches, traders will change their mindset, eager to withdraw funds, or will sell at a reduced price, or even dump goods. During the Spring Festival, the supply and demand of coal are weak, the market is dormant and the price is stable. After the festival, a large number of imported coal customs clearance will effectively supplement the coal supply in coastal areas, promote the rapid recovery of power plant inventory, and reduce the dependence on domestic coal.