According to the monitoring data of the SunSirs, the price of thermal coal was stable this week. The average market price from the beginning of the week to the end of the week is about 900 yuan / ton.
Analysis: in terms of origin, the power coal is now adjusted and operated stably. The coal supply in the market is limited. The supply is mainly provided by the Baochang and the individual suppliers. The downstream procurement is acceptable, and there is no inventory accumulation for the time being; In terms of downstream power plants, the port market is now dominated by coal supplied by changxiehe. The market is in short supply of coal. The downstream procurement is generally in the near future, and the acceptance of high priced coal is not high. However, the traders are optimistic about the future market, and their quotations are relatively firm.
Macro: from January to April, industrial enterprises above Designated Size nationwide realized a total profit of RMB2658.23 billion, a year-on-year increase of 3.5%. From January to April, among industrial enterprises above Designated Size, state-owned holding enterprises achieved a total profit of RMB921.95 billion, an increase of 13.9% year-on-year; Joint stock enterprises realized a total profit of 1996.15 billion yuan, an increase of 10.7 percent; The total profits of foreign-invested enterprises and enterprises with investment from Hong Kong, Macao and Taiwan reached RMB603.06 billion, down 16.2%; Private enterprises realized a total profit of RMB765.14 billion, down 0.6%. From January to April, the mining industry realized a total profit of RMB543.57 billion a year-on-year increase of 1.46 times. From January to January, the coal mining and washing industry realized a total profit of RMB344.28 billion, an increase of 199.3%.
According to the analysts of the SunSirs, the port mainly pulls the coal from Changxie, and the downstream non electricity terminal needs to purchase on demand. However, the overall demand is still more cautious and wait-and-see. The market's willingness to purchase coal is low. According to the data, as of May 20, 2022, the power plants in the eight southern provinces have 30.23 million tons of coal stored, with a daily consumption of 1.542 million tons, and 19.6 days of coal available. Considering the comprehensive policy, it is estimated that the price of power coal in the later period may still be dominated by concussion, consolidation and operation, See the downstream market demand for details.
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