SunSirs: Supply and Demand are weak, China Thermal Coal Market continue to decline

The price of the production area remains weak and stable, and the weakening demand has led to a stronger wait-and-see sentiment, and the pressure on sales at the pit mouth is gradually emerging. The price center of the port market continues to shift downwards, with significant price differences between buyers and sellers, and weak market supply and demand. The import coal price is temporarily stable, and there is a gap in the counteroffer between the seller and the seller, resulting in fewer market transactions. In the late twilight period, there will still be high temperature disturbances in the central and eastern regions. It is expected that the start of summer heat treatment will gradually reduce the temperature in the northern region, and the daily consumption support brought by temperature will begin to weaken. The inventory of power plants has been reduced in a narrow range, maintaining a high year-on-year level. Recently, there has been frequent precipitation in the southwest, northeast, and northwest regions, with some areas in the northwest experiencing more precipitation. The inflow of water from the upper reaches of the Yangtze River has increased, and hydropower continues to improve. The maintenance of inverted shipping profits affects the port's inward movement, with the inward volume remaining at a moderate level. Downstream inventory is relatively high, with a small amount of long-term coal mainly being transported, and the outward movement is slightly smaller than the inward movement. The northern port has a narrow range of outbound movements. The peak season has passed in the middle of summer, and the industry's inventory is still abundant. Weather factors continue to disturb demand, and water and electricity are gradually recovering. Prices may be weak and volatile in the near future.

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