Coal prices continue to rise due to severe supply constraints

In terms of production area, the coal mines in Yulin area are mainly large mines, and the external sales are mainly trains. The trans regional automobile transportation is limited, and the supply tightening has boosted the price of coal in the area to some extent. The coal mining operation rate in Ordos area has been kept at a low level of 17%, the coal supply has been significantly tightened, and the sales volume of coal roads in the area has dropped to about 280000 tons, a year-on-year decrease of about 240000 tons. At the same time, the Railway Bureau issued weekly The transportation volume dropped to about 790000 tons, a year-on-year decrease of about 1.05 million tons, and the coal price in the region was mainly stable. In terms of ports, due to the delayed resumption of coal mines in the production area and severely limited supply, the port transfer in volume was at a relatively low level. On February 4, the transfer in volume of Qinhuangdao, Caofeidian and Jingtang Port Areas was 682000 tons, and the transfer out volume was 904000 tons. The port inventory continued to decline, the market coal supply was relatively tight and short, traders were in a strong sense of hoarding and bullish, and the price continued to rise. The current power terminal coal (cv5500) mainstream The quoted price is 565-570 CNY/ton, Mongolian coal is relatively scarce, and the quoted price is generally higher than 570 yuan; (cv5000) large truck quoted price is about 510 CNY/ton, and the actual transaction price of some demands mostly rises by 3-5 CNY/ton according to the index. In terms of imported coal, under the expectation of overall tight supply of domestic coal, foreign mines believe that the demand for imported coal at the domestic terminal will increase, and they are optimistic about the future market, with a slight increase in the price. At present, the FOB price in Australia (cv5500) is 55.5-56 US dollars / ton, up about 0.5 US dollars / ton compared with that before the festival; the FOB price in Indonesia (cv3800) is basically maintained at about 35 US dollars / ton.