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SunSirs: The Price of Thermal Coal Fell first and then Rose in August

September 01 2022 09:41:36     SunSirs (Selena)

According to the monitoring data of SunSirs, the overall price of thermal coal fell first and then rose. On August 30, the energy index was 1,138 points, an increase of 12 points over the previous day, a decrease of 27.10% from the highest point of 1,561 points in the cycle (October 21, 2021), and an increase of 122.70% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to December 1, 2011 to now)

In this month, the overall price of thermal coal fell first and then rose. In terms of the production area at the beginning of the month, because the coal management tickets were sufficient at the beginning of the month, most of the coal mines were in normal production, but most of them actively fulfilled the long-term agreement coal. The downstream users are transported in an orderly manner, and the coal mine basically has no inventory. In the near future, non electricity procurement such as downstream chemical industry mainly focuses on rigid demand procurement. At the end of the month, in terms of production areas, most of the coal mines are in normal production, with good sales and good enthusiasm for downstream goods. The downstream port market is still dominated by supplementing the long-term agreement coal, and the extension of the long-term agreement coal is more active. Traders' price rising sentiment is high, but the downstream still maintains just needed purchase, and the market transaction is general.

According to the data released by the National Bureau of statistics on August 24, the prices of all kinds of coal showed an upward trend in the middle of August. Business analysts believe that in early August, the price of thermal coal fell first and then rose. At the beginning of the month, the downstream multi-dimensional held the purchase of just needed. At the end of the month, the supply was tight and the commencement of the downstream was improved. However, the downstream still insisted on purchasing on demand and was affected by the national policies. It is comprehensively expected that the operation market of China thermal coal in the later period will be dominated by the shock and consolidation. The specific situation depends on the downstream market demand.

 

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