Coal ticket control has become stricter, the supply of coal mines in West Mengxi, where the production is located, is affected, and demand has risen, and prices have risen; under the influence of environmental inspections, ticket restrictions, and increased non-electricity demand, prices of some coal mines in northern Shaanxi have risen; Prices in the northern region are basically stable.

Futures prices rose violently, and the main thermal coal contract reached a high of 585.2 yuan/ton in nearly a year, which was 20 yuan higher than the spot price. With the decline of high temperature weather, residents' demand for electricity for refrigeration has weakened. However, the demand for coal in infrastructure and chemical industries increased in September, and downstream non-electricity companies are actively stocking up. There will still be a certain number of ships pulling coal in the port. The proportion of ships that have undergone formalities in Qingang has increased, but from the perspective of the transportation structure, Changxie coal is still the mainstay, and the transportation of coal in water is at a relatively small peak. Beginning last weekend, the mainstream index started to make up a substantial increase, traders’ confidence in bullishness increased, and quotations continued to rise, driving the spot price to rise sharply.

Since the beginning of autumn, the demand for thermal power has shown a seasonal decline, and the precipitation in southwestern China is still too high, and hydropower generation remains high, which continues to squeeze thermal power. However, due to the transitional period of coal consumption during the peak and off-season, coupled with the impact of sudden factors, the transfer ports and power plants have a faster rate of storage, and the coal storage in the Bohai Rim ports and coastal power plants has dropped significantly. Especially before the routine maintenance of the Daqin line in autumn, the downstream power plants will have small-scale replenishment, superimposed on the "golden nine silver ten" industrial peak season, which will also boost coal consumption. According to the latest news, the autumn overhaul of the Daqin line is initially scheduled to start from October 9th to November 2nd, with power outages for 3-5 hours every morning. Affected by two consecutive accidents in August, this overhaul will take a relatively longer time.

Entering September, the civil power load has fallen, but the operating rate of the cement and chemical industries has increased, and the demand for coal and electricity by related companies has increased. In terms of ports, due to the fact that some large-scale power companies have little remaining coal quotas, and the long-term agreement signed at the beginning of the year, the long-term agreement signed at the beginning of the year and other factors have released procurement demand in stages and boosted the upstream market's bullish expectations. Traders with spot resources appear to be reluctant to sell and wait for the increase. Some traders also quoted prices that have risen sharply with reference to recent futures contracts and the CCI index. However, the downstream has limited acceptance of excessive prices, supply and demand mentality is still divergent, and port delivery volume is not large.

It is expected that the real rush transportation and large-scale procurement of thermal coal will need to wait until mid-to-late September. By then, users who have fallen too quickly and cannot attract imported coal will gradually accept high coal prices, prompting a sharp increase in coal prices in the port market. Follow-up attention to four major hot issues: the Daqin line maintenance, whether the dry season can arrive early, the resumption of high-energy-consuming enterprises, and the restrictions on imported coal, which determine the subsequent market trends and changes in coal prices.