There is still downward pressure on coal price in the first ten days

With the warm weather and the coming of the traditional coal off-season, the civil power load will also fall, and the coal consumption demand will hardly be boosted.It is expected that in early April, the daily consumption of six coastal power plants will continue to hover below 600000 tons, and there will be no major breakthrough.

Looking forward to the operation of the coastal coal market in April, it is expected that the lower reaches will still actively consume their own high inventory, while the coal in the northern port will remain rigid haulage, it is difficult to increase the number of coal hauling ships to the port, and the coal supply and demand pattern will remain loose. In the first ten days of April, there is still downward pressure on Port coal prices. Coal prices are likely to stabilize and stop falling in the middle or the last ten days, but there is little chance of rising.

On the upstream side, due to the decline of port coal market, traders suspended purchasing, the coal mine in the origin was not able to deliver water coal smoothly, the inventory was overstocked, and the price continued to fall.The coal price in the northern Shanxi region decreased significantly, while the coal price in the Ordos Region of Inner Mongolia decreased slightly.

In terms of ports, there is still panic in the northern port market. The main coal mines take preferential measures to varying degrees according to the conditions of railway departure, port inventory, etc.; some large coal enterprises have successively increased the preferential measures of "volume price linkage" on the basis of long-term cooperative price, hoping to seize the delivery.

However, in the downstream "buy when the price will go up" mentality and high inventory situation, they have no fear of delaying orders or staying on the sidelines, waiting for the coal price to continue to fall before purchasing. As the demand for coal is still not significantly improved, the Bohai Sea port forecasts that ships will continue to remain low, and prices will further explore the bottom.

With the promotion of epidemic prevention and control measures, the epidemic situation in most areas of China has been controlled, the coal mine return to work rate has returned to normal level, the coal market supply is relatively sufficient, and the number of railway shipments is also in the middle high. However, the main economic areas in the lower reaches have not yet fully resumed work. Due to the spread of overseas epidemics, imported cases still exist in some coastal cities, and many prevention and control measures continue to upgrade, which makes the return to work of export-oriented industrial and commercial enterprises in the coastal areas greatly reduced.

In addition, countries have taken measures such as "lock down the city" or even "lock down the country" to curb the development of the epidemic and directly block foreign trade; in addition to some medical and life necessities and bulk commodities, other trade demand has declined significantly. All of these have brought serious impact to the world economy and trade.

China's import and export trade will not be independent, and the economic operation of the coastal areas will be greatly impacted. It is difficult for coal consumption in the south of China to significantly improve, the supply and demand of coal industry is loose and sustained, and the pressure on coal prices continues. In the first ten days of the year, the northern region stopped heating one after another, the temperature in the South also rebounded, and the traditional off-season effect of coal was further revealed; the demand for heat supply and coal consumption of power plants was weakened, and the unit was shut down for maintenance in spring, so the market continued to maintain the situation of supply exceeding demand, and the port coal price was under pressure, and the expected decline was narrowed.