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Home > News > Valuable News > Next week, the supply of pithead will continue to be tight

Next week, the supply of pithead will continue to be tight

ECHEMI 2020-02-11

This week's market overview this week, the main production area operating rate is low, the supply is tight, road transportation is blocked, the sales volume has declined significantly, and the price of pithead power coal has risen steadily. The port inventory continued to decline, and the closing price of power coal rebounded by 10 CNY/ton. In terms of production areas, affected by the epidemic situation, the production of coal mines in the main production area was suspended, and the coal mines in production could not be fully produced due to the shortage of personnel. Although the relevant departments have called for the resumption of coal production to ensure the coal supply, the specific extent of resumption will depend on the progress of the epidemic. At the same time, because the automobile transportation is blocked, the coal mines in production are mainly for the supply within the province, while the coal mines outside the province are mainly for the railway transportation, and the coal is mainly for the long-term cooperation. It is expected that the supply of power coal in pithead will continue to be tight next week, and the price of pithead will rise steadily. On the port side, the port's coal resources continued to decline, which will continue to support traders' rising price sentiment. However, the daily power consumption of the six major power plants is continuously less than 400000 tons / day, with Changxie coal as the main coal, and the demand for spot goods is limited. At the same time, the epidemic has little impact on the loading of imported coal, especially for Australian coal. The sailing period is basically the same as the isolation time, so it can be loaded normally. It is expected that the port supply and demand will be weak next week, and the price will rise steadily, but the increase will be narrowed.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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