The downstream demand gradually recovered, the demand increased slightly, the activity of port traders increased, and the inquiries increased, which boosted the port coal price, and there was a jump of about 10 yuan/ton per day.

From the perspective of the number of ships, the anchor ships of the major coal ports in the Bohai Rim remain low, and actual demand and transactions at the ports are not much; in the Bohai Rim ports, the trading atmosphere of middlemen is active, while the terminal power plants are generally motivated. The main downstream power plants are not low in inventory, and the coal companies that pull the market are mainly chemical, cement and other companies, as well as traders who inquire about goods. Consignors with coal are reluctant to sell their goods, and high-calorie and low-sulfur coal is once again structurally tense; today, the coal price of 5,500 kcal is 630 yuan/ton, which is much higher than the index quotation, prompting a jump in coal prices. On March 3-5, the CCI index rose by RMB 12, 12, and 13 per ton respectively.

Regardless of whether it is a key power plant or a coastal power plant, the daily consumption of power plants in the eight southern provinces has increased, and coal storage has declined slightly, marking the transformation of the market situation in a positive direction. At present, the power plants in the eight coastal provinces have a total of 27.26 million tons of coal, with a daily consumption of 1.84 million tons, and the number of days available for coal storage has dropped to 14 days. From the analysis of the daily consumption of coastal power plants, although it is much lower than that in winter, it has reached the normal level of 1.7-1.8 million tons. As for the six coastal power plants, the daily consumption of Zheneng Power Plant at this time in previous years was only about 100,000 to 120,000 tons, compared with 78,000 tons in the same period last year. At present, the daily consumption of Zheneng Power Plant has risen to 150,000 tons. With the increase of industrial electricity load, the daily consumption may increase further.

In terms of production area, as the port price increases, the mine is expected to improve. On the occasion of the two sessions, safety inspections on production areas were strengthened, coal mines began to tighten, and coal prices at production areas stabilized. In addition, industrial demand has recovered, chemical coal sales have improved, low-sulfur coal has taken the lead in rising prices, and coal mining carts have increased significantly; superimposed bidding for large mines has risen sharply, and some small mines have increased by 10-20 yuan.

The following issues are worthy of attention: First, the "two sessions" are held, safety supervision has become stricter, and under high pressure, the increase in supply is limited. Secondly, after the withdrawal of the supply guarantee policy, there are expectations for customs clearance of imported coal, and Ramadan is about to enter, and the export of Indonesian coal is restricted. Some power plants will replace coal and switch to domestic coal, and the domestic coal market has improved. Third, the downstream resumption of work and production speeds up, and daily consumption continues to rise. At this time, it is the peak season for coal demand in non-electric industries such as building materials and chemical industries, and the purchase of market coal is expected to increase. However, March and April are the traditional low season for coal use, and the civil power load is not optimistic. In the later stage, the load of power plants mainly depends on industrial power. To what extent the daily consumption can reach, and the inventory consumption of power plants need attention! In addition, if the domestic coal price rises sharply, the price advantage of imported coal will be further revealed; therefore, it is preliminary judged that this round of coal price increase will be limited, the stamina will be insufficient, and the duration will not be long. It is expected that the increase will stop and stabilize this weekend.