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SunSirs: China Thermal Coal Price was Deadlocked

August 10 2022 08:42:46     SunSirs (Selena)

According to the monitoring data of SunSirs, the price of thermal coal was in a stalemate last week. On August 7, the energy index was 1,072 points, which was the same as the previous day, down 31.33% from the highest point 1,561 points (October 21, 2021) in the cycle, and up 109.78% from the lowest point 511 points on March 1, 2016. (Note: the period refers to December 1, 2011 to now)

In terms of production area, since there are enough coal management tickets at the beginning of the month, most of the coal mines are in normal production, but most of them are actively cashing in Changxie coal. The downstream users are transported in an orderly manner, and the coal mine basically has no inventory. In the near future, non electricity procurement such as downstream chemical industry mainly focuses on rigid demand procurement.

In the downstream port market, the recent transaction is still relatively stale, and the actual transaction is relatively general. However, the power plant mostly takes a cautious wait-and-see attitude towards the coal price. However, it still mainly supplements the long-term cooperative coal, superimposes policy regulation, and the quotation of traders operates in a multidimensional and stable manner.

According to SunSirs analysts, in terms of production area, the output of coal in the main production area is stable, the transaction in the downstream market is deadlocked, and the purchasing enthusiasm is not high. The coal is still mainly used to supplement the long-term agreement coal, and affected by the policy, the market transaction is general. It is comprehensively expected that the thermal coal will be subject to concussion in China, consolidation and operation, depending on the downstream market demand.

 

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