Coal stocks at Qinhuangdao port below 5 million tons
Time:2020-01-14 14:26:19 Source:CCTDCOAL
Data show that recently, Qinhuangdao port's coal stocks have dropped significantly, falling below 5 million tons, the lowest since the end of October 2018.
On January 7, Qinhuangdao port stored 4.91 million tons of coal, down 150,000 tons from January 6, 1.15 million tons less than December 7, 2019, and 670,000 tons less than January 7, 2019.
According to port scheduling data, due to security checks and the approaching of the Spring Festival and other factors, production in major coal-producing areas has been suspended, more coal mines have been closed, and coal supply has been tightened. Increased environmental inspections, the impact of snow, the supply of goods is tight, and road transport is not smooth, leading port inflow at a low level.
On the other hand, the daily consumption of power plants is at a high level, the inventory of power plant is decreasing variably, and some power plants have the demand for replenishment. Therefore, the amount transferred from Qinhuangdao port relatively increased.
From the average daily data, on January 1, 2007, the average daily inbound volume of Qinhuangdao port by railway was 459,100 tons and the average daily outbound volume was 527,000 tons.
From downstream aspect, the daily consumption of the six major groups of coastal power plants is maintained at more than 700,000 tons, and the inventory decline is relatively obvious. On January 7, the daily consumption of the six major groups' coastal power plants was 701,000 tons, down 63,000 tons from December 7, 2019. Coal stocks stood at 15.334 million tons, down 1.695 million tons from December 7, 2019. Available days are 21.9 days.
Although the amount of coal stored in power plants has been under the "safe line" of 16 million tons for several consecutive days, it is still higher than the level of the same period of last year. In the short term, it will mainly be destocking to maintain stable replenishment.
It is expected that daily consumption of power plants will remain high until the Spring Festival, but as imported coal is about to be cleared through customs, or will make up part of the replenishment demand, the demand for northbound haulage will not increase significantly.
It is understood that at present, the replenishment of power plants is still dominated by long-term-contract coal, and the inventory of some power plants is low, but the coal purchase in the market is low. Imported coal that was purchased through bidding by power plants in the early stage will replenish the stocks.
In terms of northern ports, coal supply in ports is further reduced, downstream demand continues to be weak, and the willingness to receive market coal in high-price is not strong. At present, spot prices are stable, and some customers expect short-term port prices to remain stable and fluctuate slightly.
Later, after the weather improves and the coal passage is unblocked, the port inflow may increase to a certain extent, but the increase is expected to be limited with the increase in coal mines’ closure during the Spring Festival. At the same time, downstream demand will also decline with the approach of the Spring Festival, Qinhuangdao port’s inventory may be operated at a low and fluctuated level.
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