Source: Zhuo Chuang Information
After the holiday, the thermal coal market recovered slowly. Under the situation of weak output and demand, the coal-fired enterprises increased their game and the price movements were divided.
Port coal price rise is obvious
After the holiday, the port thermal coal market changed the flat trend of the Spring Festival holiday, and the market improved significantly. Affected by the port shipping costs upside down and the shortage of high-quality goods, some suppliers are reluctant to sell, and the quotation continues to rise. Downstream procurement is dominated by traders and downstream plants. Up to now, the mainstream transaction price of Qinhuangdao Port 5500 kcal is around 600/ton, up 12.5/ton from the pre-holiday, or 2.13%.
At the same time, with the resumption of production of downstream enterprises, the demand for replenishment has increased compared with the holiday period, the market turnover has been slightly active, and the coastal coal transportation market has ushered in a rebound, and the freight rate has risen significantly. On February 18, the coastal coal freight index was 604.26, up 13.82% from the pre-holiday. Driven by the increase in freight rates in the northern ports and ships, the coal price in the East China region increased by 15-20/ton after the holiday. The power plants in some parts of Huazhong were sporadic to make up the coal price.
The downstream main power plant's coal purchase price is mainly reduced
In most areas before the holiday, the inventory of power plants was replenished to a high level of about 30 days. During the holiday period of some main power plants, the supply of long coal was relatively normal. In addition, the daily consumption of coal was low, and the coal inventory of power plants remained at a high level of 15-20 days. The enthusiasm of the power plant to continue purchasing is not high.
As can be seen from the above figure, the domestic main power plant concentratedly lowered the market coal purchase price in February, with a drop of 10-20/ton. The supply is sufficient and the expectation of the late price decline is the main reason for the decline of coal price. Overall, power plant purchases are still not active, and some are still holding on the sidelines, waiting for further declines in coal prices.
Supply and demand have not fully started the resumption of production rhythm into a market focus
In terms of coal mines, the resumption of coal production in Shanxi and Inner Mongolia was relatively stable, and the supply increased significantly compared with the previous period, but the pace of resumption of production in Shaanxi was slow. As of February 14, Yulin Energy Bureau officially released the “First List of Coal Mines Approved for Resumption of Production and Resumption of Production in the Cityâ€, and 49 coal mines in Yulin were approved, including 15 in Xiangyang District, 2 in Hengshan, 15 in Shenmu, and Fugu. 17 locations, involving a capacity of 168.8 million tons / year. Up to now, 19 of the 49 coal mines approved have resumed production and sales. The slow recovery in Shaanxi has affected the market's bearish atmosphere to some extent.
In the downstream enterprises, although the holidays ended, the industrial enterprises in the southern region were not motivated to resume production, and the power plant startup load was blocked. After the holiday, although the daily consumption of coastal power plants gradually recovered, the daily consumption increase rate was relatively slow. As of February 19, the daily consumption of the six major power plants in the coastal area had just exceeded 500,000 tons, and the available days of inventory remained at a high level of more than 30 days. Power plant procurement is not active and has become a major bearer in the thermal coal market.
Overall, the supply and demand of thermal coal in the later period showed an upward trend, but the pace of the resumption of work directly affected the supply and demand structure of the market and became the thermoelectric power of the market. Xiaobian analysis, except for Shaanxi, the resumption of coal mines in other regions is relatively smooth, and the supply will also show a steady upward trend. However, as the temperature rises, the demand for downstream civilian coal will drop significantly, even if industrial electricity is upgraded, thermal coal. Demand is also difficult to see a significant recovery, and will gradually enter the off-season demand, coal supply is sufficient for high probability events.
Editor in charge: Ge Hongyan
This article is posted on this website for the purpose of transmitting more information and does not imply endorsement of its views or confirmation of its description.
Article source address: http://
Electric Bottle Warmer,Best Bottle Warmer For Breastmilk,Bottle Warmer For Breast Milk,Bottle Heater
Joystar Electrical Appliances Manufacturing Co.,Ltd , https://www.fscnjoystar.com