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SunSirs: The Price of Thermal Coal was Consolidated in China Last Week (January 9-13)

Increase font size  Decrease font size Date:2023-01-28   Views:118

  According to the monitoring data of SunSirs, the price of thermal coal consolidated last week. The energy index stood at 1,094 points on January 15, unchanged from the previous day, down 29.92% from the highest point of 1,561 points in the cycle (2021-10-21), and up 114.09% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to 2011-12-01 to now)

  In terms of origin, the price of thermal coal is in consolidation operation, and the market trading atmosphere is general. The main production area is mainly to ensure the supply of long-term coal. The Spring Festival is coming, and most of them are safety. The overall supply of coal is limited. In Inner Mongolia, multi-dimensional purchases are in demand, while coal prices in Shaanxi fluctuate slightly. The overall wait-and-see mood of the market is strong, and the Spring Festival is approaching, and the preparation plan is approaching the end.

  In terms of downstream ports, the market sales are average, the market quotation has been improved, the high price transactions are few, and the enthusiasm of the downstream to take goods is average, and the transactions are relatively weak. The end user's demand for thermal coal is generally limited, and the wait-and-see attitude is the main one. The Spring Festival is approaching, and the preparation plan is approaching the end.

  According to the latest data released by the General Administration of Customs, in December 2022, China imported 30.908 million tons of coal, down 42000 tons or 0.14% from 30.95 million tons in the same period last year; Compared with 32.313 million tons in November, 1.405 million tons decreased by 4.35%. From January to December 2022, China imported a total of 293.204 million tons of coal, down 9.2% year on year, 0.9 percentage points lower than the previous November.

  SunSirs analysts believe that in terms of origin, thermal coal is now mainly safe and the coal increment is limited. In terms of downstream ports, as the Spring Festival approaches, the downstream is still mainly wait-and-see for thermal coal, and the enthusiasm of power plant procurement is general, and the transaction is relatively weak. It is comprehensively estimated that the price of thermal coal will be mainly consolidated in China in the later period, depending on the downstream market demand.

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