Market coal prices will meet the stage of stabilization stop falling


Release time:

2022-08-04

In the heat of summer, daily power plant consumption is hitting record highs, but coal prices are falling. The port liquidation price of 5,500 kcal fell from 1,350 yuan/ton on June 12, to 1,250 yuan/ton in early July, and then to 1,150 yuan/ton today, a monthly decline of 100 yuan/ton. This week, the upstream and downstream counter - offer still gap, stalemate mood still exists. At present, the coal price has fallen to the price limit range, in the short term, high temperature, high daily consumption weather will continue, port coal price decline is expected to narrow, and in the next week to stabilize and stop falling.

Market coal prices will meet the stage of stabilization stop falling

Source: Erdos Coal Net Author: Gong Hailing Time: 2022-08-04 08:33

In the heat of summer, daily power plant consumption is hitting record highs, but coal prices are falling. The port liquidation price of 5,500 kcal fell from 1,350 yuan/ton on June 12, to 1,250 yuan/ton in early July, and then to 1,150 yuan/ton today, a monthly decline of 100 yuan/ton. This week, the upstream and downstream counter - offer still gap, stalemate mood still exists. At present, the coal price has fallen to the price limit range, in the short term, high temperature, high daily consumption weather will continue, port coal price decline is expected to narrow, and in the next week to stabilize and stop falling.

Back in the early part of July, the power load in many places hit a record high due to the continued high temperature. The coal consumption of terminal power plants rose rapidly, traders actively supported the price, and the thermal coal price deadlock. In the second half of this year, the policy of maintaining supply and stabilizing prices continued to increase, and the supply from the Association could basically cover the purchasing needs of terminal power plants. Power plants rely on the long association, there is a psychological resistance to the excessive price limit market coal, traders to avoid risk and less loss of heart, no longer cover the plate to sell, began to stampede to drop the price of goods, prompting the market price to fall sharply and quickly.

In August, traders were discouraged by the deep fall in coal prices; Railway transportation is mainly the long association, and resources are continuously transported to ports. The inflow of ports around Bohai Sea remains high. At the same time, the daily consumption of downstream power plants is high, and the terminal long cooperation is more active, and the port supply and demand are high. Recently, although the market price of coal fell to the price limit range, but most of the terminals did not purchase a large number of, long association supply and total inventory is still sufficient, power plants can buy as needed to safely over the summer. Therefore, continue to maintain the long association to pull, the market coal procurement demand has no obvious increase. Recently, affected by typhoons in the south, the high temperature in East China has eased, and the daily consumption of coastal power plants has fallen slightly. However, before the middle of August, it is still in the third volt stage, high temperature disturbance is still frequent, and some terminals with low coal storage still have certain hauling and purchasing needs.

In August, the market situation improved and the coal price is expected to stop falling and stabilize. First of all, the high temperature weather in South China continues, and the support of high daily consumption demand is still there. In the coming days, the high temperature in the south will continue, the coal consumption of coastal terminals will remain high, and the coal storage of some small and medium-sized power plants with a small proportion of long supply will decline. Secondly, after the market price of coal returns to the price limit range, the release of power plant procurement demand will bring strong support. The phenomenon of low coal storage in some key power plants has not been significantly improved. When the market coal price falls to the economic range, the requirement of improving quality and parameter allocation is expected to be released. In addition, due to insufficient supply guarantee and fast inventory turnover, replenishment demand of some small and medium-sized users will be released in stages. Third, downstream chemical and other non-electricity industries have been repaired, the demand for coal slowly increased. In particular, the chemical industry will enter the peak period, the non-electric industry in advance of the preparation of goods, coal hauling market to recover. (This article is an exclusive report of Erdos Coal Network)

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