Last week (May 10-14), worried about the introduction of policies by higher authorities and fear of heights, in the market, except for just-needed purchases and futures delivery, most of the other traders are holding a wait-and-see attitude to avoid risks. Although the increase in coal prices has not diminished, the number of transactions is not large, and the number of ships pulling coal to the north remains at a low median level. The price of coal in the 5500 kcal market is close to 1,000 yuan, making the demand for coal launching in the Beigang market continue to weaken; starting this Wednesday, ship freight rates have begun to decline, and the increase in port coal prices has narrowed. The actual transaction price of coal in the 5500 kcal market in Bohai Rim Port is at 960 yuan. /Ton.

my country has suspended unloading of Australian coal, and coal exports from other countries in the international market will not be able to make up for the short-term gap left by Australian coal. However, domestic coal demand is increasing. The purchase demand for cement and coal chemical industry is good. However, the increase in upstream coal mines is limited. New households are temporarily not supplying, and the market is tightening. Due to my country's high dependence on Indonesia and other countries, import prices are easily increased by rising domestic coal prices, and the room for increase in imports is limited. From January to April, my country's coal imports fell by 28.8% year-on-year. From April 13th to May 13th, it is the month of Ramadan in Indonesia, which affects about 10% of Indonesia's coal export volume. Starting from this Friday, Ramadan in Indonesia has passed, and coal production and outbound transportation have returned to normal; while the severe epidemic in India and the decline in coal demand have led to a decrease in India’s imports, and some Indonesian resources may flow to my country. However, the author predicts that the increase in Indonesian coal is still insignificant compared to the increase in coal demand in my country’s coastal areas; and Indonesia’s domestic coal demand is also very good, coupled with its export policy restrictions, resulting in limited export growth. A drop in the bucket.

In April, the daily consumption of power plants was surprisingly high, but the inventory of power plants was relatively stable. With the low inventory level and the passage of time, the pressure of terminal replenishment was increasing. In May, some power plants that had not had time to overhaul were undergoing unit maintenance, which affected coal consumption and contributed to a decrease in the daily consumption of power plants. However, due to the limited decrease in daily consumption and the inactive power plant procurement, the total coal storage of key power plants in the eight coastal provinces was only An increase of 450,000 tons, the effect of the base warehouse is average. In the later period, as many places in the south enter the hot and rainy season, coupled with the high price of steel, construction sites have slowed down, and market demand will show a downward trend. However, in order to prepare for the upcoming peak period of coal and electricity consumption, power plants with insufficient coal reserves actively replenish the inventory to promote the further increase of coal purchases.

When coal prices continue to rise, the power group has an internal meeting and plans to wait and see for a week. After coal prices stabilize or fall, they will concentrate on replenishment from the end of this month to early June. But the problem is: coal prices have not fallen, but have risen; it is expected that in the second half of this month, power plants will be more active in inquiries, and rush transportation of thermal coal will begin. Bohai Rim Ports will increase coal-carrying ships and market coal prices. There is still strong support.