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On 8 may, according to monitoring data, the china coal price index (cnpi) stood at 142. 2 points, a decrease of 0. 5 from the previous period。
In particular, the coal market has generally maintained a steady downward trend this week. Coal prices in the port of the rim sea are weak and stable, and the main mining area is generally vulnerable because demand remains weak and sales have not improved significantly. With regard to ports, prices have remained generally weak and stable due to a combination of factors such as the release of demand from railway repairs and power plant run-off and higher costs of lifts and the continued high level of port terminals; in the area of origin, coal-charging, some of the mines have begun to be limited, but with no significant impact on supply; in the case of powered coal, there has been no significant improvement in sales, but the decline in coal prices has been narrowed by the stabilization of port prices。
Coal prices may fall steadily in the short term. After the festival, the daily consumption of power plants exceeded the same period last year, resulting in a partial release of demand, combined with reduced port stock increases resulting from railway repairs, which began to stabilize port coal prices. A further fall in the price of pit coal, on the other hand, would repair the price differentials with the port market and re-establish the market balance. In the short term, coastal markets, although fragile under multiple factors, have no incentive to rebound, and market prices are expected to weaken as a balance is sought with inland markets。
Port coal prices are generally stable within weeks. The positive factors are mainly reduced arrivals as a result of the railway repairs mentioned in the previous period and the release of demand resulting from the lifting of power plants. On the other hand, higher transport costs and lower demand for procurement, as a result of high-speed recovery charges, directly led to lower prices at the source; on the power plant side, in the current situation, it is difficult to sustain and generate long-term demand releases, post-trading disruptions and re-emergence of port production pressures during the off-season period; in the near future, although there has been some strategy to depose the port, the level of coal storage in the terminal and port remains significantly high. The price of coal in ports remains weak due to multiple constraints。
Coal prices have declined in the region. In the recent past, coal prices have been lowered owing to poor upstream mining and high inventories. The increase in road freight costs has led to a reduction in car lifts, which, combined with lower demand for foreign trade exports, will be followed by lower demand. According to the cctd monitoring data, power coal decreased by 10-15 yuan/t。
With regard to coal-charting [north china], some of the relatively large mining areas in recent times have been restricted, while the remaining mines are still in regular supply, with no significant impact on market supply. Moreover, as a result of the increase in the freight costs of the car, the cost of purchases by downstream carnivals increased, the willingness to press prices increased and the procurement was not positive. With regard to powered coal, the jinbei region is subject to the stabilization of port coal prices, and downstream cargo-seeking has improved somewhat compared to the previous period, with the price of coal falling somewhat。
Coal prices in the region have contracted. The following are the main factors: first, the gradual recovery of the domestic economy and the beginning of a gradual rise in the daily consumption of power plants, leading to a partial release of demand; second, the re-engineering of the qin line and the overloading of downstream purchases have led to a reduction in the inventory of the port of the riming sea relative to the previous period and, to some extent, to a reduction in the current oversupply situation。
As of 7 may, the maximum daily electricity load in the [central south] region was 241. 26,000 kilowatts (kw) and 519 million kilowatt-hours (kwh) per day, due to the recent heavy rainfall weather. As at 7 may, the general power plant in hubei province had a combined stock of 4. 0958 million tons of coal, an increase of 136,000 tons over the previous week。
The price of coal mine in the main production site has increased and declined. In the shaanxi region, the number of coal mine customers is decreasing due to the impact of high-speed post-coalting charges, with a peak phenomenon, more competitive sales and a general price reduction of $10-20 per ton of coal. In the ordos region, sales have deteriorated and have recently been affected by coal ticket restrictions. Overall production has decreased, and only older customers in some mining areas have maintained the lift, but coal prices have increased slightly in the absence of coal ticket. The overall rise on the mining side is not adequately supported by the recent instability of demand in downstream markets, and the attitude towards later markets remains dominated by wait。
The market has been generally stable and has not changed much。
