Downstream demand shortage inventory continues to increase

In terms of production area, at present, there are 106 coal mines in Yulin Yuyang, Hengshan, Shenmu and Fugu areas, with two increase in the weekly to environmental ratio, involving 340 million tons of production capacity and 0.3% increase in the weekly to environmental ratio. The coal mine basically returns to normal production, but the overall sales situation is general. The coal price is adjusted to 5-30 CNY/ton according to different mines in the region. A small number of metallurgical and chemical coal types in some mines are replenished due to the stage of downstream storage The coal price is increased by 5-15 CNY/ton; at present, the coal market is in a downward phase as a whole, and the enthusiasm of the traders is not strong. The coal sales in Ordos area is general, and some large mines in the region are under pressure to reduce the coal price by 10-35 CNY/ton. It is reported that due to safety sampling, some coal mines in Wushen Banner were suspended due to incomplete procedures and impact of ground pressure. In terms of ports, the long-term cooperative price was sharply reduced in April, which exacerbated the pessimistic atmosphere in the market. Recently, the inventory of six major coastal power plants continued to decline, the terminal took the initiative to go to the warehouse, and the market procurement was cold. The ports were basically in the state of net transfer in, and the inventory continued to increase.

On the second day, the inventory of the four ports around Bohai Sea was 23.6 million tons, an increase of 390000 tons compared with yesterday. The pressure on traders to ship increased, and the quotation decline expanded, which is the current driving force The mainstream price of final coal (cv5500) is about 520-525 CNY/ton, and the mainstream price of cv5000 is about 455-460 CNY/ton. In terms of imported coal, the current domestic coal supply level is increasing, and the overall supply is in a state of oversupply. However, strict restrictions on imported coal in some ports also have an impact on the purchasing sentiment of the terminal imported coal, and the domestic demand for imported coal is relatively cold as a whole. It is reported that the two ports of gashunsuhaitu and xibekulun in Mongolia have resumed the export of coal to China, and the customs clearance will gradually return to the normal level, or will have a certain impact on the domestic coking coal supply end. In terms of futures, on April 2, the closing price of power coal 2009 contract was 507 CNY/ton, the warehouse receipt cost of delivery goods was 537 CNY/ton, the discount of futures was 30 CNY/ton, and the discount rate was 5.92%. In terms of shipping, at the beginning of the month, both the buyer and the seller mainly wait and see, the market pallet is still dominated by stones, and the coal pallet is rare. However, the daily consumption of six coastal power plants has risen steadily, the negotiation atmosphere has increased, and the freight rate has been running smoothly.

As of April 1, the freight rate of North Jiangyin (2W) on the route to the river was 24.5-25.5 CNY/ton, which was the same on a daily basis; the average freight rate of Qinhuangdao Guangzhou (5-6W) was 24.1 CNY/ton, which was the same on a daily basis. In other aspects, Guizhou Province issued the "list of intelligent coal mining technologies in Guizhou Province" to launch major scientific and technological industrial projects of intelligent coal mining, aiming to promote new technology, explore new technology and develop new equipment from three aspects of construction method, standard and equipment, push forward coal industry reform with innovative technology, and promote the high-end and green intensification of traditional industries in Guizhou Province. In addition, novel coronavirus pneumonia epidemic prevention and control in Henan province held forty-fifth news conference in Zhengzhou in April 1st. Shen Tianliang, member of the provincial Party committee and deputy director of the Ministry of industry and information technology, said at the meeting that at present, Henan has 155 coal mines with resumption of production and production conditions, 130 coal mines have been reproduced, 21 have resumed work, and the rate of resumption of production has reached 97%. In the first quarter, the province's coal enterprises produced 25.6 million tons of raw coal, basically the same as the same period last year.