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The coal market fluctuates in August, and the market in September is expected

The coal market fluctuates in August, and the market in September is expected

  • Categories:Industrial Trend
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  • Time of issue:2018-09-10 08:40
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The coal market fluctuates in August, and the market in September is expected

(Summary description)In the coking coal market, environmental inspections affect the supply of coking coal, and downstream replenishment is active. Coking coal, especially the main coking coal, is generally shipped well; low-sulfur main coking coal in Shanxi Luliang, Hebei and other places is limited due to the limited output of some coal mines, and the current supply of low-sulfur coal Continued tightness and difficulty in replenishing downstream storage. Some coking companies reported that the current low-sulfur coal inventory has been as low as about 3-4 days, and the coking coal market has bottomed out.

  • Categories:Industrial Trend
  • Author:
  • Origin:
  • Time of issue:2018-09-10 08:40
  • Views:
Information

In August, the domestic coal market oscillated.

Specifically:

In the first half of the month, due to the high temperature weather, the six major coastal power plants took a long time to operate at the level of more than 800,000 tons per day. The power plants maintained a high inventory status in order to gain an advantage in the game.

After the opening of the window in August, coal purchases have been increased compared with the previous period, the atmosphere in the northern ports has recovered, and inquiries have increased.

On the other hand, due to the price inversion, traders have increased their willingness to uphold the price, forming a certain degree of support for the spot price.

In the second half of the month, typhoons occurred frequently, temperatures dropped, and residents' demand for refrigeration dropped sharply. The daily consumption level of power plants dropped rapidly. Although the power plants have replenishment requirements, they mainly pull and transport Changxie coal, and the acceptance of high-priced spot coal is not high. At the same time, the northern ports suffered heavy rains, and many coal storage piles were soaked by rainwater, which caused the risk of spontaneous combustion to regenerate.

In addition, port operations are restricted, and additional demurrage costs are incurred for pulling ships, causing traders to lower their sales prices and spot prices go down.

At the end of the month, driven by the rise in the futures market and taking into account the cost support, traders were willing to stand up for prices, and market quotations rose again.

In the coking coal market, environmental inspections affect the supply of coking coal, and downstream replenishment is active. Coking coal, especially the main coking coal, is generally shipped well; low-sulfur main coking coal in Shanxi Luliang, Hebei and other places is limited due to the limited output of some coal mines, and the current supply of low-sulfur coal Continued tightness and difficulty in replenishing downstream storage. Some coking companies reported that the current low-sulfur coal inventory has been as low as about 3-4 days, and the coking coal market has bottomed out.

In September, the domestic coal market is expected.

At present, the daily consumption of power plants has dropped rapidly. According to CCTD China Coal Market Network monitoring data, as of August 20, the daily consumption of key power plants was 3.195 million tons and the inventory was 66.546 million tons. Compared with the same period last year, the daily consumption It was 5.8% higher, but the inventory was 22.9% higher. Typhoons frequently visited my country’s southeast coastal areas in mid- and late August. A total of 4 typhoons landed in my country in August this year, 2.2 more than the same period in previous years. Therefore, the growth rate of power plant daily consumption has slowed down. However, the downstream demand returned to normal in September and still maintained a high growth trend. In addition, the pace of replenishment of power plants during the peak period of winter has accelerated, forming a rigid support for coal prices.

In terms of supply, the Emergency Management Department will conduct coal mine safety production inspections from late August to late September. The scope of this inspection covers 12 coal-producing provinces (regions) including Shanxi, Inner Mongolia, Yunnan, Sichuan, Anhui, Jiangxi, Shaanxi, Chongqing, Guizhou, Hebei, Hunan, Henan and other coal-producing provinces (districts), coal mine safety supervision departments and some key areas. , Key coal mining enterprises, other provinces will be carried out in accordance with the plan of contact guidance and open investigation and unannounced visits. The expected tightening of supply is also an important factor supporting the coal market at the end of the month.

On the whole, the thermal coal market in September may fluctuate upwards at the current price level, and the coking coal market is operating strongly.

This article is transferred from China Coal Market Network

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