The commodity analysis system of SunSirs shows that the price of thermal coal was weak last week. On March 24th, the energy index was 984 points, unchanged from yesterday, a decrease of 36.96% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 92.56% from the lowest point of 511 points on March 1st, 2016. (Note: The cycle refers to 2011-12-01 present)

In terms of origin, the overall supply of thermal coal is loose, and most coal mines maintain normal production. As the weather gradually warms up, the consumption of electric coal has also entered the off-season. At present, traders only maintain the demand for transportation to avoid risks. The overall market is mainly focused on supplying long-term coal, and downstream terminal procurement enthusiasm is average, with most maintaining a cautious wait-and-see attitude.

In terms of downstream ports, overall coal prices have been weak this week due to the impact of long-term coal replenishment on power plant inventories, which has led to a cautious wait-and-see attitude towards the market's coal supply. The overall market release is average, and the terminal market mainly maintains a small amount of rigid demand procurement for thermal coal. In the traditional off-season market context, overall transactions are relatively average.

SunSirs analysts believe that in terms of origin, long-term cooperative shipping is mainly implemented, and overall market transactions are average. In terms of downstream ports, prices were weak last week. Power plants tend to adopt a wait-and-see attitude and purchase according to demand. Overall, it is expected that the price of thermal coal will continue to fluctuate, depending on downstream market demand.

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