Coastal coal market in January

In the first and middle of January, although the inventory of downstream power plants is still at a high level, the average number of days for coal storage is about 20 days. However, with the advent of cold air, the civil power load in some areas of East China and central China increased rapidly; especially in Jiangsu, Shanghai and other places, the temperature dropped significantly, and even snowfall in some areas, driving the daily consumption of power plants to increase significantly. On the upstream side, affected by safety supervision and inspection, Blizzard and other factors, the railway shipment decreased, the inventory of ports around Bohai continued to decline, high-quality coal continued to be in short supply, and cargo such as ships appeared. In the downstream, facing the Spring Festival, some power plants need to replenish the storage, and the enthusiasm for transportation is still very high.

Power on, Datang coastal power plants, and some small and medium-sized power plants in Jiangsu are still actively pulling coal to replenish the storage, and the transportation is busy on the north-south route. In the middle of the first half of the year, the coal transportation in the ports around the Bohai Sea was tight and orderly, with an average daily transportation volume of 1.9 million tons. In the first half of the year, the trading price of coal in the port market rose by 5 CNY/ton. Near the Spring Festival, in the late ten days, the daily consumption and demand of the power plant dropped; instead of rushing to replenish the coal storage, the users kept passive hauling of coal in the northern port and tried to consume their own inventory. Some users plan to use the long Spring Festival holiday and the decrease of daily consumption to realize passive replenishment. In addition, it is expected that the customs clearance of imported coal will be gradually enhanced, and the quota of imported coal in the new year will be supplemented; and the imported coal that is subject to quota restrictions and waiting to enter the domestic market will also be centrally cleared to the shore.

In the last ten days, the trading price of coal in the port market remained unchanged and kept stable. Entering the long Spring Festival holiday, the situation turned sharply, and the weak supply and demand of coal market appeared again. The coal market in the production area runs smoothly, most of the coal mines are shut down for holidays, and a few of them are mainly sold in inventory and platform coal; as a result, the railway transportation volume has dropped significantly, the daily average transportation volume of Daqin line is less than 1 million tons, even about the same as that during the "open skylight" maintenance period, and the daily transportation volume of Tanghu line has dropped to 100000 tons. During the Spring Festival, the terminal demand is weak, and the daily consumption of the power plant is reduced to 1 / 2 or even 1 / 3 of the normal situation; in addition, the epidemic prevention and control work should be done well, the production of the mine should be stopped, the market transaction is cold, and the price of the mine mouth is stable. In terms of ports, traders have already stopped production for holidays, and do not accept new orders; the port's adjustable resources are reduced, mainly in the form of long-term cooperative coal. In the last ten days, the daily coal shipment volume of the Bohai Sea port decreased compared with that of the first and middle ten days. In terms of coal price, it is supported by coal mine production and shipping costs; in addition, the port has low inventory and some low sulfur high-quality coal is in short supply, so the port coal price remains strong. The spot market has entered the holiday mode, with few trading volume and quotation; in addition, there are not many coal ships arriving at the port, and the shipping volume is also at a low level, which makes the coastal coal market maintain weak supply and demand.