CCTD Daily Views: coal prices in mines and ports show a raise trend slightly

Coal producing market--- After the national holiday, the thermal coal market in Shaanxi and Inner Mongolia has shown an upward trend once again. Coal sales in Yulin area of northern Shaanxi perform well, and there are many coal-transporting vehicles resulting in traffic jams. Short-term freight costs rose repeatedly. At present, the lump coal in some coal mines is in short supply, and the price raised by 10 Yuan per ton or so. Supported by strong demand, the daily coal sales volume of Ordos area by road transport remained at a high position of around 1.6 million tons during the national holiday. After the holiday, some mines began to raise coal prices at 5-10 Yuan per ton.
 
Seaborne coal market---Environmental protection has led to a small reduction of outbound coal volume from ports. The maintenance of Daqin line affected the daily inbound coal volume to ports by 200,000-300,000 tons. Coal stocks fell obviously. Combined with the increase in the cost of road transport, the cost of thermal coal to ports continues to rise. In addition, the coal purchasing demand of southern power plants is expected to increase with the news of flat coal imports. Traders are reluctant to sell, and the price has risen by 5-10 Yuan per ton to 650-655 Yuan per ton.
 
Imported coal market--- Indonesian Ministry of Energy and Mineral Resources has released the October reference price for thermal coal (HBA) was $100.89 per ton. Compared with September's $104.81 per ton, the price is up by $3.92 or 3.74%. This is the second consecutive month that the price has fallen. Compared with the same period of last year's $93.99 per ton, the price is up by $6.90 or 7.34%.