CCTD Daily Views: The thermal coal market continued to be weak
Time:2019-02-15 16:06:09 Source: cctdcoal.com
Coal-producing market--- The thermal coal prices in Shanxi, Shaanxi and Western Inner Mongolia continued to be weak. The price in the northern part of Shanxi Province was relatively stable; some open-pit coal mines were still out of production. The deep-well mine began to resume production. And the inventories at platform fell. Some coal mines in the Yulin area of northern Shaanxi were following the price cut by large coal mines, with a range of 10-20 yuan/ton. Coal prices in Shenfu area were relatively stable. At present, there were 49 coal mines in the first batch of resumption of production in Yulin area, with a production capacity of 168.8 million tons/year, accounting for about 40% of the total production capacity. The overall demand in the Erdos area of Inner Mongolia was insufficient, there were few coal-pulling vehicles on the mines, and the price remained stable overall.
Seaborne coal market---The sentiment of the port traders for reluctant to sell goods was constantly intensifying, and the quoted price continued to rise. However, the participation of downstream customers was not active, and the actual market transactions were few. However, as demand for cement and coal for chemical industry was good; enquiries were increasing, which supported the prices.The mainstream quotation of 5,500 Kcal/kg thermal coal was around 600-605 yuan/mt, up 10-15 yuan/mt compared with the pre-holiday.
Imported coal market--- Supported by the better demand, Indonesian coal prices rose slightly. Affected by the extension of customs clearance time, considering the increased risks, the procurement demand of coal users reduced, and Australian coal prices reduced slightly correspondingly. Traders were generally unwilling to participate in the purchase of Australian coal arriving in April due to fears that the policy will continue until the first half of the year.