Qinhuangdao thermal coal, which is known as a benchmark in the Chinese coal market, bid farewell to eight weeks and began to stabilize. According to the latest issue of the Bohai Bohai Thermal Coal Price Index, the comprehensive average price of thermal coal for the 5,500-calorie kcal market for closed ports in the Bohai Rim region closed at 853 yuan/ton, unchanged from last week. In this regard, industry experts analyzed that the increase in imports of coal prices at home and abroad and the high inventory of power plants have weakened the demand in the domestic coal market, weakening the power of domestic coal prices to a certain extent.
"Economic Information Daily" reporter learned that, unlike the continuous rise in the domestic coal market, since August, the overall international coal prices continued to decline, the decline in October is even more expanded. According to data from the Global Coal Trading Platform, as of the week of October 28, the thermal coal price index for the Newcastle Port of Australia was US$117.89, which was US$0.21 less than the previous week, and the price of thermal coal in the port fell for seven consecutive weeks and the overall price dropped by US$6.43. The decline was 5.18 percent, while the Richard Port coal price index in South Africa saw the largest decrease, which was $10.84 to $108.70 per ton. In addition, the European three-port coal price index also maintained a downward trend, closing at $118.52 per ton. .
Under such circumstances, foreign coal prices are lower than Qinhuangdao coal price by nearly 100 yuan per ton without accounting for transportation and miscellaneous expenses. The enthusiasm of power plants importing thermal coal from overseas are increasing in southeastern coastal areas. According to statistics from the General Administration of Customs, China’s imported coal increased by 25.1% year-on-year in September, creating a record high. Among them, 15.23 million tons of non-coking coal imports increased by 4.07 million tons and 36.5% year-on-year, which also refreshed history. The highest monthly import volume record.
In addition, the inventory situation of major coal shipping ports improved, and downstream power plant inventory remained at a high level, which directly changed the supply and demand of domestic coal. According to statistics, since the maintenance work on the Daqin Line on October 2nd, the coal in Qinhuangdao and other major coal shipping ports gradually picked up, and after one month Qingang stocks reached 5,367,300 tons, and the tight supply and demand situation has improved.
From the point of view of coal demand, as of October 31, the total inventory of the six major power plants was 10.894 million tons, and the total daily consumption was 600,000 tons. The days available for storing power in the power plants were 17.76 days. It can be seen that the current inventory is at a high level, and the demand for coal storage in power plants is not large, and the power for rising coal prices has weakened.
**** Huang Shengchu, head of the Coal Information Research Institute of the General Administration of Production Supervision and Management, believes that at present the overall international economy is sluggish, the domestic macroeconomic growth rate has slowed down, and the real estate market has been suppressed, and coal demand is weak. In addition, this year's coal growth rate is relatively large. Under the influence of these comprehensive factors, domestic coal supply and demand are at a high level of turbulence. In the future, coal prices will remain stable for a period of time, or they will pick up slightly due to bad weather and decline. The trend will wait until after the Spring Festival.
"Economic Information Daily" reporter learned that, unlike the continuous rise in the domestic coal market, since August, the overall international coal prices continued to decline, the decline in October is even more expanded. According to data from the Global Coal Trading Platform, as of the week of October 28, the thermal coal price index for the Newcastle Port of Australia was US$117.89, which was US$0.21 less than the previous week, and the price of thermal coal in the port fell for seven consecutive weeks and the overall price dropped by US$6.43. The decline was 5.18 percent, while the Richard Port coal price index in South Africa saw the largest decrease, which was $10.84 to $108.70 per ton. In addition, the European three-port coal price index also maintained a downward trend, closing at $118.52 per ton. .
Under such circumstances, foreign coal prices are lower than Qinhuangdao coal price by nearly 100 yuan per ton without accounting for transportation and miscellaneous expenses. The enthusiasm of power plants importing thermal coal from overseas are increasing in southeastern coastal areas. According to statistics from the General Administration of Customs, China’s imported coal increased by 25.1% year-on-year in September, creating a record high. Among them, 15.23 million tons of non-coking coal imports increased by 4.07 million tons and 36.5% year-on-year, which also refreshed history. The highest monthly import volume record.
In addition, the inventory situation of major coal shipping ports improved, and downstream power plant inventory remained at a high level, which directly changed the supply and demand of domestic coal. According to statistics, since the maintenance work on the Daqin Line on October 2nd, the coal in Qinhuangdao and other major coal shipping ports gradually picked up, and after one month Qingang stocks reached 5,367,300 tons, and the tight supply and demand situation has improved.
From the point of view of coal demand, as of October 31, the total inventory of the six major power plants was 10.894 million tons, and the total daily consumption was 600,000 tons. The days available for storing power in the power plants were 17.76 days. It can be seen that the current inventory is at a high level, and the demand for coal storage in power plants is not large, and the power for rising coal prices has weakened.
**** Huang Shengchu, head of the Coal Information Research Institute of the General Administration of Production Supervision and Management, believes that at present the overall international economy is sluggish, the domestic macroeconomic growth rate has slowed down, and the real estate market has been suppressed, and coal demand is weak. In addition, this year's coal growth rate is relatively large. Under the influence of these comprehensive factors, domestic coal supply and demand are at a high level of turbulence. In the future, coal prices will remain stable for a period of time, or they will pick up slightly due to bad weather and decline. The trend will wait until after the Spring Festival.
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