Domestic supply and demand weak import FOB keeps rising

At present, there are 13 coal mines in Yuyang, Hengshan, Shenmu and Fugu areas of Yulin. Most of the other coal mines have no exact time to return to work, and the output of the coal mines in production is relatively small. The supply of coal in the area continues to be tight. At the same time, the export of coal in Yulin is still not smooth, and the price of coal continues to rise. Although as of February 11, the operating rate of coal mines in Ordos area has recovered to 28.6%, month on month Last week, it rose 11.5%, but the market coal source is still tight, overlaying road transportation has not yet fully recovered, the regional coal sales situation is still low, and the coal price rose 10-22 CNY/ton. In terms of ports, recently, many ports around the Bohai Sea have been closed, resulting in limited transfer out operations, a small decline in transfer out volume, temporary stabilization of port inventory, sluggish demand for industrial power consumption, continuous low daily consumption, insufficient demand for power plant procurement, and low market activity. Now, the mainstream price of cv5500 is 575-580 CNY/ton, and the price of cv5000 is 515-520 CNY/ton. In terms of imported coal, domestic demand remains unchanged, while Indonesia's coal spot resources are tight, driving the offshore price to continue to rise. At present, the FOB price of Indonesia (cv3800) is 36.5-37 US dollars / ton, up about 0.3 US dollars / ton on a day on month basis. The international shipping market continued to be depressed, especially the Capesize shipping price index continued to decline. At present, there is no sign of recovery of international sea freight, or it will be good for the CIF price of imported coal.