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SunSirs: ChinaThermal Coal Price is Strong Last Week (June 14-18)
June 21 2021 15:26:41SunSirs(Selena)

According to the monitoring data of SunSirs, the average market price of thermal coal was about 931.25 yuan / ton on June 14, and 973.75 yuan / ton on June 18, with an increase of 4.56% and 70.68% over the same period last year. On June 17, the thermal coal commodity index was 116.11, up 2.25 points from the previous day, down 7.11% from the cycle's highest point of 125.00 (2021-01-19), and up 159.75% from the lowest point of 44.70 on January 20, 2016( Note: period refers to the period from September 1, 2011 to now.

On June 16, the National Bureau of statistics released data showing that in May, raw coal production was 326.29 million tons, a year-on-year increase of 0.6%, a decrease of 1.8% last month, an increase of 0.6% over the same period in 2019, an average increase of 0.3% in two years, and an average daily output of 10.53 million tons; The imported coal was 21.04 million tons, a year-on-year decrease of 4.6%. From January to May, 162.1 million tons of raw coal were produced, with a year-on-year growth of 8.8%, a year-on-year growth of 9.8%, and an average growth of 4.8% in two years; The import of coal was 111.17 million tons, a year-on-year decrease of 25.2%.

Business analysts believe that: at this stage, the overall supply of thermal coal is still difficult to increase. In terms of downstream power plants, with the increase of temperature, power plants still have the demand for replenishment. However, recently, affected by the policy, the increase of thermal coal is relatively low. On the whole, the short-term thermal coal price is relatively strong in the later period in China, and the specific situation is the demand of the downstream market.

 

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