Price Trend
According to business association monitoring, the price of power coal slightly declined this week. At the beginning of the week, the price of power coal was maintained at 582 yuan/ton, and at the end of the week, the price of power coal was 581 yuan/ton, with the overall price falling by 0.17%. On September 5, the power coal commodity index was 70.03, unchanged from yesterday, down 32.02% from 103.01 points in the cycle (2011-11-15), and up 56.67% from 44.70 points on January 20, 2016. (Note: Period refers to 2011-09-01 to date)
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II. Analysis of Influencing Factors
This week, the main domestic producer of power coal slipped slightly. From the basic point of view, there are two main reasons:
On the one hand, supply is steadily tightening, which supports the price of power coal. With the National Day approaching, all kinds of inspections will continue to be stringent, passive and active production reduction or shutdown of domestic power coal mines will increase, and coal supply will gradually tighten. In addition, port coal prices are relatively strong due to the support of TRADERS’shipping costs and the reduction of the number of shipments.
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On the other hand, the daily consumption of power coal in downstream power plants has fallen and the price of power coal has been suppressed. According to business associations, the daily consumption of six major coastal power plants fell to 650.07 million tons in early September. With the passing of high summer temperatures, the procurement rhythm of coastal power plants slowed down gradually, creating a negative impact on the power coal market.
3. Future Market Forecast
Business analysts believe that: on the one hand, the supply of power coal is steadily tightening, on the other hand, the daily consumption of power plants has fallen, comprehensive forecast of the future power coal market upstream and downstream game will continue, mainly price shocks.
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