With the northern end of the heating season in succession, the coal market into the off-season at a discount promotions sound. Faced selling pressure, Shenhua Group in April launched slashed the benchmark price of coal, Coal along with the price adjustment, large-scale coal enterprises increased coal prices downward expectations.
Following the main origin of coal vulnerable to stabilize prices port momentum weakened. April 1, Bohai thermal coal price index closed at 469 yuan / ton, down 4 yuan / ton, down significantly narrowed.
However, the decline of the coal city just suffered another challenge weakened. Since April 1, Shenhua is no longer very price, heat 5500 kcal thermal coal benchmark price for 462 yuan / ton, compared with the implementation of March prices down about 20 yuan / ton, after a year long association price subsequently canceled .
At the same time, to follow up the price adjustment Coal, coal calorific value of 5500 kcal power fell 460 yuan / ton, large concessions can be as low as 440 yuan / ton.
Under the background of large-scale coal enterprises in price, the Datong-Qinhuangdao line maintenance is being watered down to bring positive. Taiyuan Railway Bureau news show, April 6 to 30, the Datong-Qinhuangdao line for a period of 25 days will be focused on the repair of the spring, the port is expected to affect 5 million tons of coal. However, due to lack of demand, high inventories, the industry is expected to boost the role of the Datong-Qinhuangdao line maintenance is limited to the coal city.
Industry insiders believe that large-scale coal enterprises slashed the price of coal after April, lower than the market price is still a gap, coupled with the off-season to increase the pressure on the stock, the price of coal is hard to change in the short term downside expected.Barium chloride