How weak is the origin power coal?
This week, the domestic power coal market continued to be the following main players. In terms of origin, at present, the downstream demand has not been significantly improved. Under the stable supply of coal mines, the price of coal mines is under pressure again, down 10-30 CNY/ton. Now, the tax price of 5500 kcal power coal car board in the southern suburb of Datong is 395 CNY/ton, and the weekly to environmental ratio is down 20 CNY/ton. Some coal mines have started to reduce production due to the continuous weakness of downstream demand. Some coal mines also have plans to reduce production in the later period. In terms of ports, the monthly long-term cooperative price of large coal enterprises decreased by 26-35 CNY/ton in this month, of which 5500 kcal coal decreased by 26 CNY/ton to 536 CNY/ton. As a result, the more bearish sentiment in port market was, and traders' quotation continued to decrease. As of April 2, the main closing price of 5500 kcal power coal in Qinhuangdao port was 530 CNY/ton, down 12.5 CNY/ton on a weekly basis. In the downstream, at present, the startup rate of power plants in Shandong Province is mostly about 50%, and the available days of inventory are mostly concentrated in 15-20 days. Under the condition of high inventory and low consumption of coal, the electric coal receiving price of some main power plants in Shandong province continues to decrease by 10-45 CNY/ton in April. Now, the receiving price of 5000 kcal of Shanxi bituminous coal of a main power plant in Zibo is 0.093 yuan / kcal, and the receiving price of 5000 kcal of lean coal is 0.087 yuan / kcal.
2026-09-02
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