The weak supply and demand will become the main line when coastal coal market

Near the Spring Festival, upstream and downstream enterprises will have holidays in succession. The coastal coal market shows a weak supply and demand, and the port inventory continues to remain low and stable. At present, the market inquiry customers and high-quality coal suppliers have been reduced to varying degrees, with low transaction activity; however, the low inventory of the shipping port has prompted traders and shipping enterprises to continue to hold up their prices, and this week, the port price has been rising steadily. In another week, when the Spring Festival is coming, some factories in the South will be shut down; after the industrial power load drops, the daily power consumption of the power plant is mainly supported by civil power. As of yesterday, the six coastal power plants have a total coal storage capacity of 14.87 million tons, a daily consumption of 671000 tons, and 22 days of coal storage available; here, except that the coal storage available days of Shangdian group are only 8 days, the remaining power plants have more than 16 days of coal storage available days, maintaining a safe and reasonable position.

As of January 14, a total of 75.28 million tons of coal has been stored in key power plants nationwide, with 15 days available for coal storage. Near the Spring Festival, the daily consumption of the power plant has fallen. In addition, the imported coal is about to enter the domestic market smoothly. Most users are not eager to pull a large amount of coal to replenish the warehouse, but to keep the rigid hauling and mainly to de stock. The industrial enterprises in the southern coastal areas have entered the holidays one after another, especially in the Yangtze River Delta and Pearl River Delta, which are mainly foreign trade processing enterprises, the industrial power load has decreased and the coal consumption has decreased. According to previous years' experience, during the Spring Festival, the daily consumption of downstream power plants is only 1 / 2 under normal conditions. For example, the daily consumption of some main power plants, such as zheneng power plant, even drops to 1 / 3 under normal conditions, and the available days of coal storage are up to 100 days. According to the current actual coal storage situation of the power plant, plus the rigid haulage of Changxie coal and the purchase of imported coal, it can basically meet the coal demand during the Spring Festival. In addition, during the Spring Festival, the amount of coal transferred in is higher than the consumption, and the inventory of the power plant is accumulated passively, which can be replenished calmly. It is expected that the purchase demand of market coal for power plants will decrease next week. In terms of production area, small coal mines have been shut down in succession. In addition, the demand for long-distance automobile transportation is not good. Coal is mainly supplied to the platform and the surrounding chemical industry for goods preparation, and the price of mine mouth remains stable.

Around January 20, most of the coal enterprises began to have a holiday. During the festival, they mainly released their overstocked inventory; in addition, the strict safety inspection prompted the railway transportation volume to keep low. It is expected that during the festival, coal reserves in ports around Bohai Sea such as Qinhuangdao and Caofeidian will remain low, and some high-quality and low sulfur coal will remain in short supply. On the downstream side, with industrial enterprises facing holiday shutdown, the daily consumption of power plants will enter the downward channel; it is expected that the daily consumption of coastal power plants will drop to about 600000 tons next week. During the festival, the daily consumption of power plants will be reduced to 350000-400000 tons; in addition, imported coal can effectively supplement the inventory of coastal power plants, lack of market coal procurement, and reduce the number of transactions. In the later period, with the increase of holidays for upstream and downstream enterprises, the market tends to be weak in supply and demand, and the coal price will continue to maintain stable operation.