On August 11, the price of steam coal was weak

1、 Price trend

According to the business agency monitoring, the price of steam coal is lower. On August 11, the average port price of steam coal remained at 560 yuan / ton, while on August 1, the average price of steam coal was 573 yuan / ton, a slight decrease of 2.23%, and a decrease of 4.6% compared with last year.

The commodity index of steam coal on August 10 was 67.71, down 0.45 points compared with yesterday, 34.27% lower than 103.01 points (2011-11-15), and 51.48% higher than 44.70 points, the lowest point on January 20, 2016. (Note: period refers to 2011-09-01 to now).

2、 Analysis of influencing factors

In terms of origin, the coal mine shipment in Shaanxi Province has been up and down, high-quality coal has been shipped faster, coal prices have been slightly increased, some coal blending varieties are unsalable, there are overstocked manufacturers, and the price is weak and low; the steam coal market in Shanxi and Inner Mongolia is mainly stable, some coal pipe tickets are used up at the end of the month, and the supply and demand of most of the coal mines are basically balanced. The coal market in northern Shanxi is stable in supply, normal in shipment, fair in local sales and stable in coal price.

In terms of downstream power plants: in recent days, the rainfall in southern China has decreased, the temperature has increased, and the power plant’s demand for steam coal has increased. However, due to the high inventory of power plants, the power coal is mainly purchased on demand at this stage. At present, the mainstream closing price of 5500 kcal steam coal is about 555-560 yuan / ton, and the closing price of 5000 kilocalories is about 502-507 yuan / ton. According to the data, as of August 4, the coal consumption of key power plants was 4.43 million tons, an increase of 830000 tons compared with the beginning of last month, and an increase of 410000 tons compared with the same period last year; the daily coal consumption of zheneng Electric Power Co., Ltd., one of the six coastal power plants, was 129000 tons on August 10, an increase of 6000 tons compared with 123000 tons at the beginning of last month, and a decrease of 3000 tons compared with the same period last year.

Business agency analysts believe that: in recent days, the weather in southern China has decreased, the temperature has increased, and the power plant’s demand for steam coal has increased. Due to the high inventory of the power plant, at this stage, the steam coal is mainly purchased on demand, and some terminals are mainly to go to the warehouse, so the purchasing pace is slowing down. In the process of downstream destocking, it is difficult for coal prices to have a good support. In the later stage, it is still necessary to wait and see the situation of a new round of replenishment in the market. It is comprehensively predicted that the short-term steam coal prices will still be dominated by the whole operation within the range, which depends on the downstream market demand.