According to data monitoring, the current China Coal Price Index (National Composite Index) closed at 159.3 points, an increase of 1.3 points or 0.82% from the previous month.
Specifically, the coal market continued to improve during the week. As for ports, lower temperatures and increased heating demand have driven up the demand for thermal power plants. The market is weak and demand is strong, and coal prices continue to rise. In terms of production area of thermal coal, coal mines in Shanxi mainly focus on safe production. In Shaanxi and Ordos areas, due to insufficient coal tickets and security checks at the end of the month, the supply has declined, and coal prices have maintained an overall upward trend.
Coal prices may be strong in the short term. During the week, due to the decrease in temperature, the demand for heating increased rapidly, and the daily consumption of power plants increased, which brought part of the increase in demand. However, due to the import coal quota and the structural shortage of ports in the power plant, the accumulated inventory was expected to be poor. As the temperature continues to drop, demand for power plants will have room to rise. In the short term, with the supply contraction in the main producing areas and the continued structural shortage of ports in the port, coal prices are expected to rise strongly.
[Bohai Rim Port] The port market is improving during the week. With cold air moving south, the temperature in most parts of the country has dropped rapidly, heating demand has increased, and the rainy weather in the south will soon fade away. Entering the dry season, the power of hydropower will be weakened, and the proportion of thermal power will begin to increase, driving the growth of terminal power plants. purchase. Port inventory continues to be low, and the problem of structural shortages has not been resolved. This has led to a tight port market, and traders are bullish.
The CCTD Bohai Rim thermal coal spot reference price continued to rise during the week. As of November 27, the spot price of 5500K was quoted at 628 yuan/ton, an increase of 12 yuan/ton compared to last Friday; the spot price of 5000K was quoted at 569 yuan/ton, an increase of 8 yuan/ton from the previous month.
[East China] The regional coal market fluctuated upward. For coke, due to the capacity reduction plan of the main production area, the supply is tight, and the steel mills are not accepting the current high price due to the current low profit. Under the game between the two sides, the price of coke has risen steadily and slowly. As for thermal coal, the overall situation remains stable temporarily.
[North China] In terms of coke, supply will continue to remain tight in the short term due to the implementation of the production site shutdown plan, and the internal inventory of coke enterprises will also remain low. The replenishment of steel mills is still active, which supports the price of coke. With regard to coking coal, the current security inspection situation in the region has become more stringent, and due to the obstruction of imported coking coal, mines have relatively optimistic expectations for the market outlook. Regarding thermal coal, after the coal mines in the region have completed their production tasks, their enthusiasm for production is generally low. The main focus is on ensuring safety. Production is reduced, raw coal is tight, superimposed on rising terminal demand, and coal prices are rising steadily.
In the week, the coking coal in Shanxi has risen by 15-50 yuan/ton, and the thermal coal has generally risen by 5-10 yuan/ton. 1/3 coke clean coal in Hebei, injection coal rose by 40-60 yuan/ton.
[Northeast, East Inner Mongolia] Coal prices in the region continue to rise. Due to the influence of temperature, the demand for coal in the production area continued to be strong, and coal mine sales continued to be around 1.6 million tons. The coal price in the superimposed port market began to rise during the week, which drove the improvement of coal prices in the production area. The lignite market remained stable overall.
[Central South Region] Coal prices in the region remained weak and stable. The daily consumption of the power plant continued to rise during the week, the inventory fell, and the long-term cooperation was sufficient, and the overall inventory in the plant remained stable. As of November 26, the province’s maximum electricity load was 30.865 million kilowatts, and the daily electricity consumption was 642 million kilowatt hours. The province’s 56 units of 200,000 kilowatts and above were turned on for 48 units, and the province’s integrated power plants had 5.173 million coal reserves. Ton.
[Northwestern Region] Coal prices in Yulin, Shaanxi continued to rise as a whole, and coal mines in some areas were sold at a slight price cut due to the backlog of mine inventories. The remaining coal mines in production have maintained stable production as a whole, with low or even no inventory in the mines, and coal prices have risen. The Shenmu area has recently undergone strict security checks, and some coal mines in the area have been suspended for rectification, and overall supply has decreased. In the Ordos region, due to the end of the month, the shortage of coal pipe tickets has led to a decrease in coal production. Sales in the region have remained good. The coal mines as a whole have basically maintained a balance of production and sales, and coal prices have risen steadily.
[Southwest China] The market is basically stable with little change.
Source: Chemical Network
