Recently, the amount of railway transfer in is low, and the port is in a state of continuous destocking; Since yesterday, the amount of coal transferred in has recovered slightly, and the port inventory has stabilized, but it still takes a long time to build the warehouse. First, the coal price is upside down, and the enthusiasm of upstream shipping is affected; Second, there were two consecutive small skylights on Daqin line during the week. Due to the influence of rainfall, some sections of the railway were phased out of service and limited speed, and the arrival of vehicles at the port was uneven; Under the support of high daily consumption, the downstream transportation is active, and the meteorological conditions are good, so the efficiency of loading operation is improved.

In terms of origin, the production and sales of coal mines in the main production areas are good; Among them, a few mines in Ordos have run out or will run out of coal management tickets this month. There are many safety and environmental protection inspections in Yulin. Some small and medium-sized coal mines are affected to varying degrees, and the overall supply is tightening. At present, large mines are dominated by long-term coordination and internal shipment, small and medium-sized coal mine customers are actively purchasing, and there is a good demand for replenishment of power plants and chemical plants. There are many coal trucks in the mining area, the supply is tight, and the price rises steadily. In terms of ports, the port quotation continued to be high, the actual transaction price of coal in 5500 kcal market was 1070 yuan / ton, and the downstream acceptance of the price increased slowly; Due to the rapid decline in the inventory of ports around the Bohai Sea, and the contraction of upstream supply due to the shutdown of mining accidents and the lack of coal management tickets, combined with the impact of water damage on Railway shipment, the shipment volume decreased and the supply was temporarily limited. It is expected that the downstream coal demand will remain strong until mid August, and the price still has room to rise, but the fear of heights will appear, and some traders will speed up their sales. Therefore, the increase of coal price next week is limited. Affected by factors such as limited upstream supply increase and upside down of coal price, it is difficult to build inventory in Bohai Rim ports in the short term, or continue to be dominated by medium and low shocks.

Recently, affected by continuous rainfall, temperature drop in East China and other factors, the daily consumption of power plants in eight coastal provinces fell slightly to 2.05 million tons, and the inventory stabilized; However, the coal storage in the power plant is still low, and most end users still have the desire to replenish the warehouse. Next week (July 26 - August 1), the market will continue to be optimistic. On the one hand, the daily consumption of the power plant will not decrease greatly in the peak coal season, the inventory of the power plant is in a low consumption state, and the just needed replenishment will increase; With the increase of demand and the increase of downstream ship dispatch, the market continues to improve. On the other hand, the superior issued documents requiring the power plant to speed up the replenishment of storage, increase coal storage, spend the summer safely and avoid shutdown. However, from the analysis of downstream transportation, the high coal price of northern ports and the shortage of some coal types are still the key factors restricting the smooth replenishment of downstream power plants. Some power plants still maintain rigid transportation, with insufficient consumption and procurement, and insufficient afterforce.

Recently, the inventory of Beifang port continues to hover at a low level, and the resource of high calorie coal is tight; Although the number of shipments on the Datong Qinhuangdao line has increased since the 23rd, the port shipment is not weak, and the balance of coal transfer in and out is very difficult in the short term. In view of the shortage of resources and a lot of inquiries from users, traders continue to maintain a bullish trend towards future coal prices. Some traders who buy coal at high prices are reluctant to sell their goods and wait for the opportunity to sell again, which makes the port coal price still in the peak season.