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Thermal Coal News
SunSirs: The Overall Sentiment of China Thermal Coal Market is Improving after the National Day Holiday
October 10 2023 09:52:59SunSirs(Selena)

The resonance of prices in port producing areas, the recovery of non electricity demand, and the strong operation of pit mouth prices. The port shipment has been partially inverted again, and under the influence of the overhaul of the Daqin Line, the overall price has risen. Indonesia's supply is relatively low, with downstream restocking after holidays, and imported coal prices mainly rising. The daily consumption of the power plant is expected to maintain a seasonal decline. Most of the country is entering autumn, with frequent precipitation in many parts of West China, resulting in a seasonal decline in electricity demand. The demand for non electrical products such as chemicals remains strong. The inventory of the power plant operates smoothly and remains at a relatively high level. Maintenance of the Daqin Line and reduction of port transfers; Downstream high inventory, limited transportation volume, and slight increase in inventory in Beigang. During the off-season, there is a cyclical decline in demand, and terminal inventory remains abundant. However, the available resources at ports continue to be tight, and under the influence of shipping profits, coal prices may fluctuate at high levels.

 

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