According to the monitoring data of SunSirs, the price of thermal coal was weak last week. On December 29, the energy index was 1,084 points, up 1 point from the previous day, down 30.56% from the peak of 1,561 points (2021-10-21) in the cycle, and up 112.13% from the lowest point of 511 points on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

In terms of origin, the price of thermal coal was weak, and the market trading atmosphere was general. The main production area was mainly to ensure the supply and long-term cooperation of coal. However, as the end of the year was approaching, the main production area was safety, and the overall supply of coal was limited. The overall wait-and-see mood of the market was strong, Duowei mainly holds the rigid demand for procurement, and the shipment of some coal mines was average.

In terms of downstream ports, the market sales are not smooth, the port price was weak, the overall market turnover was average, and the enthusiasm of downstream to take goods was average, so there are few deals. The end users' demand for thermal coal was limited as a whole, and they mainly take a wait-and-see attitude. The overall market was weak.

The National Bureau of Statistics announced on December 27 that from January to November 2022, industrial enterprises above designated size will achieve an operating revenue of 123.96 trillion RMB, up 6.7% year on year. The business income of mining owners was 6,131.89 billion RMB, up 18.6% year on year, and the growth rate continued to narrow. Among them, the main business income of the coal mining and washing industry was 3625.59 billion RMB, up 22.3% year on year, 6.5 percentage points lower than that of the previous month; The oil and gas exploitation industry was 1,153.71 billion RMB, with a year-on-year growth of 40.2%; The ferrous metal mining and dressing industry was 440.67 billion RMB, down 19.5% year on year; The nonferrous metal mining and dressing industry was 321.93 billion RMB, up 14.8% year on year; The non-metallic mining and dressing industry was 392.21 billion RMB, up 3.4% year on year; Other mining industry was 1.72 billion RMB, up 55.0% year on year..

Analysts from SunSirs believe that the overall sentiment of thermal coal in the production area was average, and the market transaction was average. In terms of downstream ports, the downstream was still mainly wait-and-see for thermal coal, and the purchase enthusiasm of power plants was average. With the decline of port coal price, the downstream was mainly wait-and-see for coal price depression. It was comprehensively predicted that the thermal coal price will be dominated by weak operation in the later period, depending on the downstream market demand.

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