CCTD Daily Views: The coal price trend in coal producing market was different

Coal-producing market---  The coal price trend in Shanxi, Shaanxi and Inner Mongolia was slightly different. Affected by the enthusiasm of downstream procurement and the soaring price of large mines, the sales of coal mines in Yulin area improved, and most coal mines raised coal prices. The second batch of coal mines that resumed production in Yulin of Shaanxi Province has been announced, and the subsequent production capacity will be released one after another. However, the phenomenon of over-production of coal mine has been strictly controlled. A traffic accident occurred in a non-ferrous metal mine in Inner Mongolia at the weekend, which did not affect coal production. However, due to the strengthening of road restrictions of overloading in some areas, the motor transport costs generally increased. The overall coal sales in the Ordos region were generally low, and the coal price was basically stable.

Seaborne coal market---  As of the 25th, the six major power plants in the coastal area consumed 656 thousand tons of coal per day, and the coal inventories remained at a high level of over 17 million tons. At present, industrial enterprises have basically started construction one after another. It is expected that the consumption of power plants will not increase much in the future. The downstream inventories were high, and the procurement demand was not strong, and the transaction was relatively deserted. Therefore, the coal price of the port has continued to fall slightly in recent days. The mainstream quotation of 5,500 Kcal/kg thermal coal was around 605 yuan/mt.
 
Imported coal market---  In order to avoid risks, domestic coal users reduced the purchase of high ash coal, and the price has decreased slightly recently. At present, the price of Australian 5500 kcal/kg NAR coal is around $57-58/mt. Indonesian coal rose slightly due to delays in shipments and better demand. The price of Indonesian 3,800 kcal/kg NAR coal is $37-38/mt. And the price of Indonesian 4,700 kcal/kg NAR coal is $55-56/mt.