1、 Price trend

According to the monitoring data of the business agency, the average market price at the beginning of the week was about 995 yuan / ton, and that at the end of the week was about 965 yuan / ton, with a price drop of 3.02% and a year-on-year increase of 66.24%. On July 4, the steam coal commodity index was 117.47, unchanged from yesterday, down 6.02% from the cycle’s highest point of 125.00 (2021-01-19), and up 162.80% from the lowest point of 44.70 on January 20, 2016（ Note: period refers to the period from September 1, 2011 to now

In terms of origin: after the end of July 1, the production capacity of limited coal enterprises has been gradually restored, the coal inventory has risen, and the prices of some coal mines have declined. However, considering the impact of environmental protection inspection, some coal mine production capacity has not been fully released.

Downstream power plants: due to the impact of summer peak, the daily consumption of power plants is high, and the coal inventory of power plants remains low. Data show that as of June 25, the daily consumption of power plants in eight coastal provinces was 1.91 million tons, and the available days of coal storage was 13.5 days, at a low level. The power plant still needs to replenish the storage. However, there are not many port resources available for sale, and most terminals hold a wait-and-see attitude. Affected by policies, port prices are declining.

According to the data released by the National Bureau of statistics on June 24, the national coal price rose steadily in mid June. The specific price changes of various kinds of coal are as follows: the price of ordinary mixed coal (mixed coal of Shanxi fine coal and lump coal, with calorific value of 4500 kcal) is 709 yuan / ton, up 10.9 yuan / ton or 1.6% over the previous period. The price of Shanxi Dahua (better quality blended coal with calorific value of 5000 kcal) was 799 yuan / ton, up 10.9 yuan / ton or 1.4% over the previous period. In addition, in mid June, the national price of coke (secondary metallurgical coke) was 2626.8 yuan / ton, down 15.1 yuan / ton, or 0.6%, compared with the previous period..

Business analysts believe: origin: after the end of “July 1″, the production capacity of limited coal enterprises has been restored, coal inventory has risen, and some coal mine prices have fallen. However, considering the impact of environmental protection inspection, some coal mine production capacity has not been fully released. Due to the impact of summer peak, the daily consumption of the power plant is high, and the coal inventory of the power plant remains low. The power plant still needs to replenish the storage. However, there are not many port resources available for sale, and most terminals hold a wait-and-see attitude. Affected by policies, port prices are declining. On the whole, the short-term steam coal price is mainly weak in the later period, and the specific situation is the demand of the downstream market.