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Home > News > Valuable News > The battle for coal started again, and the price of coal soared 120 CNY/ton!

The battle for coal started again, and the price of coal soared 120 CNY/ton!

ECHEMI 2020-02-21

Today's think tank noted that after the bidding price of caojiatan coal mine in Shaanxi coal industry soared by 85 CNY/ton, there was another bidding storm in Yulin yesterday. The seed coal of Shenmu Liangshuijing coal mine soared directly from 460 CNY/ton to 580 CNY/ton, an increase of 120 CNY/ton! Yulin coal storm hit again Today's think tank noticed that in yesterday's auction, the prices of all kinds of coal in Shenmu Liangshuijing coal mine rose sharply, starting at 520 CNY/ton for lump coal, with the transaction price of 612 CNY/ton, rising by 92 CNY/ton; what's more, in the last second before the auction, the price of foam coal rose from 450 CNY/ton to 507 CNY/ton! Enough to see the shortage of local coal supply! Today, the think tank learned that many traders are involved in the price bidding, and more coal is supplied to local coking plants and downstream power plants. It is not difficult to find out the prominent problem that the local coal mines resume production and work slowly after exploring the crazy rise of coal prices in Yulin.

 

It is understood that at present, the coal mines in Yulin are all state-owned and provincial large mines, with limited production capacity. Some large mines only guarantee their own power plant coal, and the external supply will be stopped. Affected by the epidemic, private coal mines are basically closed, and most of the closed coal mines say that at present, employees from other places cannot return to their posts on time. In addition, strict control of vehicles on the road, the resumption of coal mines is still far away. What's more, according to incomplete statistics from today's think tanks, the total capacity of these non renewable private coal mines accounts for nearly 60% of the total coal production capacity in Yulin! It's no wonder that the coal storm happened! In addition, the price of automobile transportation of some lines in Yulin, Shaanxi Province, rose by 10-20 CNY/ton yesterday.

 

A number of coal hauling drivers reported to today's think tank that vehicles from other places are forbidden to enter Shaanxi Province. The waiting time for vehicles from other places to pull coal for loading and high-speed road is long, and the market capacity is still relatively tight. It can be seen that the sharp rise in road freight also further increases the price of Yulin coal. At the critical moment of prevention and control of the epidemic, think tanks today believe that it is crucial to maintain the stable operation of coal prices. The official data shows that the recovery rate of coal mines in China is 57.8%, but most of them are state-owned coal enterprises, and private coal mines are still unable to resume normal production, which leads to the fact that the long-term cooperative coal guaranteed by large state-owned mines can not meet the potential demand of coal consumption in the downstream small and medium-sized power plants, cement chemical industry and other markets. Therefore, today's think tank suggested that the State Department should actively guide the private coal mines to return to work and production while doing a good job in epidemic prevention and control, and solve the huge pressure of coal price rise from the demand side, so as to provide backup support for comprehensively winning the key battle of epidemic prevention and control.

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

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