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SunSirs: Thermal Coal Price was Weak inChina Last Week (10.31-11.07)

November 08 2022 09:31:50     SunSirs (Selena)

According to the monitoring data of SunSirs, the price of thermal coal was weak last week. On November 6, the energy index was 1,159 points, unchanged from the previous day, 25.75% lower than the highest point 1,561 points (2021-10-21) in the cycle, and 126.81% higher than the lowest point 511 points on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

In terms of production area, the price of thermal coal is weak, and its operation is affected by public health events and safety production reduction, so the price of thermal coal drops slightly. Affected by public health events, prices in some areas of Shanxi have risen and fallen at the same time. At present, there are few long-distance coal hauling vehicles, and the market is mainly wait-and-see.

In terms of downstream ports, traders' quotations are weak, and they mainly take a wait-and-see attitude. In addition, the shipment volume of Daqin Line is still limited due to maintenance. Downstream customers are generally motivated to pick up goods, with few deals, and generally accept high prices. Prices are under pressure.

According to the data released by the National Bureau of Statistics on November 4, the trend of national coal prices in late October was divided. The specific price changes of various coals are as follows: the price of anthracite (washed block, volatile matter≤8%) is 1,937.1 RMB/ ton, down 3.6 RMB/ ton from the previous period, or 0.2%. The price of ordinary blended coal (the blended coal of Shanxi pulverized coal and lump coal, with calorific value of 4,500 kcal) is 1,183.8 RMB/ ton, up 36.7 RMB/ ton or 3.2% compared with the previous period. The price of Shanxi Dahun (blended coal with good quality and calorific value of 5,000 kcal) was 1,378.0 RMB/ ton, up 35.9 RMB/ ton or 2.7% compared with the previous period. The price of Shanxi Youhun (a high-quality blended coal with a calorific value of 5,500 kcal) was 1,583.8 RMB/ ton, up 38.8 RMB/ ton or 2.5% from the previous period.

According to the analysts of SunSirs, the market transaction of thermal coal in the origin area is relatively ordinary due to the impact of safety inspection and public health events. In terms of downstream ports, the downstream is still mainly wait-and-see for thermal coal, generally accepting high prices, and the market is deadlocked. It is comprehensively predicted that the price of thermal coal will be dominated by weak operation, depending on the downstream market demand.

 

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