Analysis of domestic coal price trend in recent days

Recently, Shandong Coal Mining Co., Ltd., particularly in Jining, followed suit with price adjustments in Jining Ningxia Iron and Steel Co., Ltd. last week. Mixed coal prices have generally risen by RMB 30/t. However, the price of thermal coal such as washing and mixing with China Coal was temporarily stabilized. The thermal coal price in Shanxi Province has risen slightly, but the margin is not large. The thermal coal prices in other regions are temporarily stable.

This is consistent with the current coal consumption, inventory can still have a greater relationship, the data from the six major power plants show that August 26, the country's six major power plants total inventory of 10.58 million tons, available days is 15.98 days. As the duration of high-temperature weather in the later period is reduced, coal-fired power consumption of power plants will also begin to fall. Some power plants also have maintenance plans. However, each year in September, Shanxi station delivery units will begin to purchase coal from coal mines in large quantities, and store large amounts of coal in the station and coal yards to prepare for the supply of coal in the fall and winter seasons. Therefore, the current coal mines can still be guaranteed. Under this circumstance, there is not much room for further decline in coal prices, but there is no terminal demand support, and the ability to boost the price of coal is not strong. It is expected that the possibility of stability in the short term is relatively large.

In the last week, the price of Yankuang refined coal was increased. Recently, coal companies in Shandong, especially Jining, raised their prices of refined coal in a range of 30-50 yuan/ton. After the price adjustment, the coal enterprises said that the increase was not significant at 50 yuan compared with the current coke, but due to the limited mining conditions in the Jining coal mining area and the general decline in output, it is expected that the pressure on the coal to take the clean coal is not great. In other regions, the coking coal market was not significantly affected by the downstream coke pick-up market, the price movements were small, and the prices of some coal mines were fine-tuned. It is expected that the short-term coking coal market will continue to consolidate.

The anthracite market operates smoothly. The recent sales of smoke-free lump coal in Shanxi Province were good, but the shipments of smokeless lump coal in Henan and Anhui were relatively stable, but the market coal shipments were dull. As for the rumors of previous price increases, all parties were also attitudes. Different, but the current coal companies have strong bargaining power, so taking into account the late consumer season, the possibility of early price increases is also relatively large, the market needs further wait and see in the near future.

The price of injected coal is temporarily stable. Recently, due to the rebound in the downstream market, the demand for injected coal resources began to rise, but the supply and demand situation remained relatively stable. Except for some regions affected by factors such as transportation and local production decline, the prices rose briefly. The market environment was still mainly stable.