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SunSirs: Steam Coal Market Slightly Declined (9.2-9.6)

September 09 2019 14:56:44     SunSirs (Selena)
  1. Price Trend

According to SunSirs, the price of steam coal slightly declined this week. At the beginning of the week, the price of steam coal was maintained at 582 RMB/ton, and 581 RMB/ton at the end of the week, with the overall price falling 0.17%. On September 5, the steam coal commodity index was 70.03, unchanged from the yesterday, down 32.02% from 103.01 points in the cycle (2011-11-15), and up 56.67% from 44.70 points on January 20, 2016. (Note: Period refers to 2011-09-01 to date)

  1. Analysis of Influencing Factors

This week, the main domestic producer of steam coal slipped slightly. From the basic point of view, there are two main reasons:

On one hand, supply is steadily tightening, which supports the price of steam coal. With the National Day approaching, all kinds of inspections will continue to be stringent. Domestic steam coal production will be reduced passively and actively, or the number of coal mines will be increased. Coal supply will be gradually tightened. In addition, port coal prices are relatively strong due to the support of TRADERS' shipping costs and the reduction of the number of shipments.

On the other hand, the daily consumption of steam coal in downstream power plants has fallen and the price of power coal has been suppressed. According to SunSirs, the daily consumption of six major coastal power plants fell to 650.07 million tons in early September. With the passing of high summer temperatures, the procurement rhythm of coastal power plants slowed down gradually, creating a negative impact on the power coal market.

  1. Market Forecast

SunSirs’ analysts believe that: on one hand, the supply of steam coal is steadily tightening, on the other hand, the daily consumption of power plants has fallen, comprehensive forecast of the future power coal market upstream and downstream game will continue, mainly price shocks.


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