SunSirs: The Price of Thermal Coal was temporarily Stable Last Week (May 13-17)

https://www.chemnet.com   May 21,2024

　　According to the commodity analysis system of the SunSirs, the price of thermal coal was temporarily stable last week. On May 16, the energy index was 1,004 points, unchanged from yesterday, down 35.68% from the highest point of 1,561 points in the cycle (2021-10-21), and up 96.48% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to 2011-12-01 to now)

　　In terms of production area, the normal production and sales of thermal coal are maintained as a whole, and the coal supply is stable as a whole. It still focuses on the implementation of long-term cooperative shipping. The phased procurement has declined, and the number of coal hauling vehicles at the pit head has decreased.

　　In terms of downstream ports, the market is mainly stable for the time being. The market transaction is relatively cold, so we should keep a cautious wait-and-see state. At present, the supply-demand relationship in the coal market is relatively loose, and the overall demand of the non electricity industry is relatively insufficient, and only a small amount of goods are maintained.

　　According to the data released by the National Bureau of statistics a few days ago, in early May, the national coal price mainly rose. The specific price changes of each coal type are as follows: the price of anthracite (washing medium block, volatile≤8%) is 1,125.0 RMB / ton, down 10.0 RMB / ton or 0.9% from the previous period. The price of ordinary blended coal (blended coal of Shanxi pulverized coal and lump coal, with a calorific value of 4,500 kcal) was 653.3 RMB / ton, up 21.3 RMB / ton or 3.4% from the previous period. The price of Shanxi Dahuang (better quality blended coal with calorific value of 5,000 kcal) was 751.7 RMB / ton, up 23.8 RMB / ton or 3.3% from the previous period. The price of Shanxi Youhun (high-quality blended coal with a calorific value of 5,500 kcal) was 843.3 RMB / ton, up 16.7 RMB / ton or 2.0% from the previous period. The price of Datong blended coal (produced in Datong with a calorific value of 5,800 kcal) was 889.2 RMB / ton, up 17.6 RMB / ton or 2.0% from the previous period.

　　According to the business analysts, in terms of production areas, long-term cooperative shipping is the main method, and non electricity demand is purchased on demand. In terms of downstream ports, it is prudent to wait and see the purchase, mainly to maintain an appropriate amount of replenishment, and it is comprehensively expected that the price of thermal coal is still volatile, depending on the downstream market demand.

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