Bohai Rim power coal price fell for three weeks, and the port inventory increased significantly
Bohai Rim power coal price fell for three weeks, and the port inventory increased significantly
China Construction Machinery Information
Guide: since the national development and Reform Commission launched three measures to stabilize the power coal market last week, the expectation of continuous decline in coal prices has been increasing, while the Bohai Rim power coal price index has fallen before, and has fallen for three weeks. "Daily economy" found in the interview that most coal consumption enterprises have delayed
since the national development and Reform Commission launched three measures to stabilize the power coal market last week, the expectation of continuous decline in coal prices has been increasing, while the Bohai Rim thermal coal price index has fallen before, and has fallen for three weeks. In the interview, the daily economy found that due to the postponement of purchase strategy adopted by most coal consumption enterprises, the inventory of major ports has approached the 10million ton level, and the transaction price is facing the pressure of continuous decline
from the perspective of coal producing areas, since late November, the pithead price in the main producing area of thermal coal in northern Shanxi has generally decreased by 10-15 yuan per ton. Gaohua Securities pointed out in its recent research report that the price limit policy of the national development and Reform Commission is in line with expectations, and it is expected that the coal price will be further reduced
in terms of ports, the latest data released by maritime coal on the 7th showed that the comprehensive average price of 5500 kcal thermal coal closed at 840 yuan/ton in ports around the Bohai Sea, down 3 yuan/ton from last week. It is understood that the Bohai Rim thermal coal price index has fallen for a month in a row, with a monthly decline of 13 yuan/ton
although the comprehensive average price of thermal coal in the 5500 kcal market in the Bohai Rim region has decreased from the peak of 853 yuan/ton in October this year to 840 yuan/ton in this period, it is still 40 yuan/ton higher than the national maximum sales price limit. In this regard, an analyst of Qinhuangdao coal, the processed surface of 4 experimental machine parts, pointed out that the price limit policy has raised consumer enterprises' expectations of the decline in coal prices, Thus, the one-sided pursuit of cheapness enhances its confidence in reducing coal procurement and digesting coal inventory, and further reduces the activity of the thermal coal market in coastal areas
statistics show that due to the weak purchasing enthusiasm of consumer enterprises, the port inventory in the Bohai Rim region has approached the 10million ton mark, and the transaction price is still facing the pressure of continuous decline. As of November 30, the coal inventories of Qinhuangdao port, Caofeidian port and SDIC Jingtang Port area were 7.56 million tons, 2.52 million tons and 1.31 million tons respectively, with an increase of 2.15 million tons, 580000 tons and 410000 tons respectively compared with the end of October. From the specific situation of the Bohai Rim region, the shipment volume is obviously less than the transfer in volume, and the coal inventory of the main shipping ports around the Bohai rim has rebounded as a whole
Lin Boqiang, director of the China Energy Economy Research Center at Xiamen University, said: "since the current coal price is still quite different from the future price limit of 800 yuan/ton, consumer enterprises will choose to postpone purchases to reduce costs." Analysts believe that in addition to the low enthusiasm of enterprises to ensure the test accuracy of experimental power, weather conditions are also one of the reasons for the continuous increase in port inventory
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