SunSirs: The Price of Thermal Coal was Firm in China Last week

According to the monitoring data of SunSirs, the price of thermal coal was firm last week. On September 12, the energy index was 1,148, unchanged from the previous day, 26.46% lower than the highest point of 1,561 (2021-10-21) in the cycle, and 124.66% higher than the lowest point of 511 on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

In terms of origin, most of the coal mines are in normal production, but due to the impact of the epidemic situation, some of the coal mines have stopped production and sales. Yulin canceled the coal management ticket in September, and the coal output has increased to a certain extent. The downstream mainly purchases thermal coal on demand, but does not accept high priced coal.

In terms of downstream ports, the price is mainly firm. The port inventory has decreased due to the temperature change. Currently, the port coal price is still supported, but does not accept high priced coal, and most of them are still wait-and-see.

According to the data released by the National Bureau of Statistics on September 4, the prices of all kinds of coal in China continued to rise in late August. According to the analysts of the business community, the price of thermal coal in the area of origin is stable, and most coal mines are in normal production. In Yulin, the coal management ticket was canceled in September, and the coal output has increased to a certain extent. The downstream mainly purchases thermal coal on demand, but does not accept high priced coal. In terms of downstream ports, most of them are strong. Downstream users mostly purchase on demand, mainly with a wait-and-see attitude and superimposed policy influence. It is comprehensively expected that thermal coal prices will fluctuate and consolidate, depending on the downstream market demand.

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