SunSirs: The price of thermal coal was stable last week
June 20 2022 13:49:45Last week, the price of thermal coal was generally stable, and the coal output of main producing areas remained normal. However, most coal mines actively cashed in the medium and long-term cooperative coal and large household coal. Because the recent rise in coal prices was too fast, the enthusiasm of the downstream to pull goods was less than that in the early stage, and the overall coal price was mainly stable; In the downstream port market, the recent sentiment tends to be weak, taking a cautious wait-and-see attitude towards the continued high price of thermal coal, the market procurement is general, and the transaction is relatively deadlocked.
On June 15, the National Bureau of statistics released data showing that in May, 367.83 million tons of raw coal were produced, a year-on-year increase of 10.3%, 0.4% slower than that in April, and the average daily output was 11.87 million tons. The imported coal was 20.55 million tons, a year-on-year decrease of 2.3% and an increase of 8.5% last month. From January to may, 1814.41 million tons of raw coal were produced, a year-on-year increase of 10.4%. 95.95 million tons of coal were imported, a year-on-year decrease of 13.6%.
According to the analysts of the SunSirs, the downstream market is deadlocked with low purchase enthusiasm, and the purchase demand of chemical users is good. Pay close attention to the recent macro policies, and comprehensively predict the high-level consolidation and operation of thermal coal, depending on the downstream market demand.
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