SunSirs: China Thermal Coal Rose overall in September

https://www.chemnet.com   Oct 08,2022 SunSirs

　　According to the monitoring data of SunSirs, the price of thermal coal rose in September as a whole. On September 29, the energy index was 1,161 points, up 8 points from the previous day, down 25.62% from the peak of 1,561 points (2021-10-21) in the cycle, and up 127.20% from the lowest point of 511 points on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

　　In September, the overall price of thermal coal was relatively strong. In terms of origin, affected by the epidemic situation and safety reduction, coal mines are now mainly used to ensure long-term coal supply, and the market supply is still tight. The supply is reduced, the market trading atmosphere is fair, and the coal price is strongly supported. In terms of downstream ports, the price is mostly strong. The downstream non electricity demand is fair. In addition, due to the arrival of the National Day holiday, enterprises are actively stocking up, and the supply of coal falls short of demand. In addition, the overhaul of Daqin Line still has strong support for the rise of coal prices.

　　SunSirs analysts believed that the overall thermal coal price in September was strong. At present, coal mines are still mainly guaranteed supply and long-term cooperation with coal. There are few marketable resources in the market. Traders' quotations are relatively firm. The overhaul of Daqin Line still has strong support for the rise of coal prices. However, considering the policy aspect, it is comprehensively expected that thermal coal will be mainly used to collate the operating market in the later period, depending on the downstream market demand.

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