Recently, coal prices in producing areas have been raised frequently, and the contradiction between supply and demand in the market is still quite prominent. Before the end of the month, coal management tickets were insufficient, and a small number of coal mines stopped or reduced production, and the supply of pitheads became tight. The daily consumption of power plants continues to rise, and downstream demand has also increased, and some end users are forced to accept high prices due to high daily consumption. However, as a whole, just-needed purchases are still the main focus, and there has not been a significant increase in coal-carrying ships arriving at the port; at present, the inventory of power plants is stable, and coal prices are generally upward. It is understood that the standard coal price (market coal) from the coast of South China has exceeded 1,360 yuan/ton, and that in mountainous areas is close to 1,500 yuan/ton.

Looking back at mid-May, due to the impact of important meetings, when coal prices were about to climb to 1,000 yuan/ton, two consecutive declines suddenly occurred; and the decline in coal prices was not caused by poor downstream demand, but by policy controls. . When coal prices fell, downstream users kept on the sidelines and passively pulled the goods, causing the periodical replenishment time to continue to be delayed; this key node finally broke out in mid-to-late June, and the rise in coal prices was long overdue.

Recently, accidents have occurred frequently, coupled with the approaching July 1st, coal mine safety inspections are frequent, some coal mines have stopped production for rectification, and resource supply has tightened; while downstream power plants have good demand, chemical plants and platforms and other users are actively purchasing, coal sales are in short supply, and prices continue to rise. The weather in the south is warming up, and the civil power load is increasing; the superimposed hydropower is not as good as in previous years, the inflow of the Three Gorges power station is not high, and the outflow is also low. The outsourcing of electricity in coastal areas is insufficient, the thermal power is increased, and the daily consumption of power plants in eight coastal provinces is up to 2 million. Tons, the "peak summer" demand is still supported, and short-term prices are still prone to rise but never fall. In the northern ports, rising coal prices in producing areas continue to push up the cost of arrival to the port, traders are less motivated to ship, and market coal quotations have risen rapidly; however, the transaction situation is general, and short-term resource tightness is difficult to change. Most traders are facing the market outlook. Hold optimistic expectations.

In terms of imported coal, the economic recovery of my country’s neighboring countries is accelerating, and the demand for coal remains strong. Indonesia and other countries generally offer high prices for imported coal. Compared with domestic coal, the price advantage is only tens of yuan, and there are not many sources of supply. This is also certain. To a certain extent, domestic coal prices remain strong. Recently, several large domestic electricity companies and traders have issued tenders for seaborne coal for July-August shipments. The winning price has increased significantly from the previous period. It is expected that imported coal prices will continue to run strongly in the later period. The tight supply of goods in the shipping market, especially the spot supply, continues to support the sentiment of the domestic market.

This week, it is expected that the Bohai Rim port inventory will continue to fluctuate downward. First of all, due to the upside-down of shipments by traders, coupled with uncertainties in the follow-up market, difficulties in releasing output and other factors, it is difficult to improve the transfer volume. Secondly, industrial power consumption is not weak, superimposed air-conditioning load increases, power consumption increases, and coal procurement and replenishment are in an orderly manner. Third, the policy-based port dredging continues, the water volume of Caofeidian Port is not low, and the downstream just needs replenishment increase, the transfer volume remains high, and the inventory of the Bohai Rim ports will continue to fall.