SunSirs: China Thermal Coal Market Price Rebounds, but Demand has not Improved
January 05 2024 14:24:35 SunSirs (Selena)
The prices of thermal coal in the production area are weak and stable. With the previous price decline, downstream demand users have rebounded in purchasing, and some coal mines have started to raise prices. The port prices have rebounded narrowly, and the market game continues. Traders insist on raising prices, but downstream feedback is not strong, and actual transactions are limited. The imported coal market is temporarily calm, with stable prices and average activity. The temperature in most parts of the central and eastern regions has entered a rebound channel, with frequent weak cold air in the second half of the week, and most temperature fluctuations. However, the pattern of ten days of warming remains unchanged, and the daily consumption of major power plants tends to stabilize. Power plant inventory stabilizes, while coastal power plant inventory rebounds. There has been a recent decline in railway transportation, while port imports continue to decline; The port is closed, and the outflow from Beigang is decreasing, still slightly higher than the inflow, while inventory remains depleted. With the arrival of the traditional peak season, shipping profits are still inverted, but port and terminal inventories are at a high level. After the year, the central and eastern regions will generally warm up, and coal prices will once again be under pressure. We still need to pay attention to weather changes.
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