Power coal prices rose for 12 weeks, narrowing
The latest issue of the Bohai Sea thermal coal price index released on the 8th shows that domestic thermal coal prices continue to rise and have risen for 12 consecutive weeks. However, in the case of increased coal stocks in power companies and increased rains in the south, the rate of increase has narrowed significantly. .
The data from the seaborne coal network index center shows that the comprehensive average price of thermal coal in the 5,500 kcal market in the port of Bohai Sea is 839 yuan/ton, and the price of 4,500 kcal thermal coal in Qinhuangdao is 645-655 yuan/ton. The price of 5,000 kcal thermal coal is 740-750 yuan / ton, the price of 5500 kcal thermal coal is 835-845 yuan / ton, and the price of 5800 kcal thermal coal is 885-895 yuan / ton.
In this issue, the average price of thermal coal in the Bohai Sea increased by only RMB 2/ton from the previous period, an increase of 0.24%. This is also the index's rise for 12 consecutive weeks, which is significantly weaker than the previous period. The prices of various coal types in Qinhuangdao Port remained stable, with the price of 5800 kcal thermal coal rising by RMB 5/ton, and the prices of other coal types remained unchanged.
Statistics also show that coal prices in the main coal producing areas of Inner Mongolia and other places have remained stable for three consecutive weeks, and the price of thermal coal prices in Shanxi has declined this week. According to statistics, the price of thermal power coal for Datong 5500, 5800, and 6000 kcal is 675 yuan/ton, 695 yuan/ton, and 725 yuan/ton, respectively, which is 10 yuan/ton lower than the previous period, with a decrease of 1.46%. , 1.42%, 1.36%. At the same time, the overall coal price in Inner Mongolia remained stable.
Li Xuegang, an expert in the coal industry, pointed out that the rapid growth of coal consumption, summer electricity and coal consumption peaks are still the main driving force to support the price increase of thermal coal in the Bohai Rim region. However, the factors that are not conducive to the active supply and demand of thermal coal in the coastal market are more The more and more, the impact on the supply and demand of market thermal coal is deepening, and also inhibits the upside of thermal coal prices in the current market.
In terms of demand, coal inventories of major power generation companies nationwide have rebounded significantly and procurement has cooled down. According to statistics, on May 31, the coal inventory of major power generation enterprises in the country has reached more than 61.7 million tons, an increase of nearly 9 million tons from the end of April, an increase of 12.1 million tons, an increase of 5.6 million tons from the beginning of the year, reaching 2010 The highest level since November, the number of available days has also risen to a higher level of more than 17 days. In the short term, the enthusiasm of major power generation companies to purchase thermal coal in the market has declined.
It is worth noting that the drought in the south has been alleviated and the hydropower output will gradually recover. The degree of prosperity of industrial enterprises in coastal consumption areas has declined. The economic downturn in Europe, the appreciation of the renminbi, the rising prices of energy and raw materials, and the difficulty of loans have made the survival and development of industrial enterprises (especially export-oriented enterprises) in China's coastal areas. Faced with a lot of pressures, the coal demand of some local thermal power companies has slowed down recently, and the enthusiasm for coal procurement has cooled down. This is the main reason for the slight decline in domestic marine coal freight rates since the beginning of June.
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