Bohai Bohai Thermal Coal Price Drops 0.65%

The business agency reported on February 17 that the “Bohai Bohai Thermal Coal Price Index” released the first period of data since the Spring Festival on February 16. The thermal coal price has remained stable for two consecutive weeks and then declined. Analysts believe that during the Spring Festival this year, China's coal market has performed the most moderately in recent years. In the traditional off-season, the balance of supply and demand in the coal market will continue in the near future.

The price index for the Bohai Bohai Steam Coal issued by the China Shipping Coal Net Index Center shows that the average price of thermal coal around the Bohai Sea was 769 yuan/ton, a decrease of 5 yuan/ton from the previous period, a decrease of 0.65%.

In this regard, the coal industry expert Li Xuegang believes that the market supply and demand for thermal coal in the Bohai Rim region still seems to be immersed in the "Spring Festival holiday", and the overall supply and demand is flat and prices are low and ups and downs. The shift in thermal coal transaction prices of a small number of ports in the 5,500-kilowatt kilowatt-hour market is the main reason for the large-scale decline in the average price of thermal coal in the 5,500 kcal market in the Bohai Rim region.

According to Qinhuangdao Coal Network News, due to unfavorable demand in Qinhuangdao coal market, general high inventory in Southern China Power Plant, and low daily consumption, etc., some coal dispatch stations in Shanxi Quzhou, Shanxi Province, have stopped shipping after the Spring Festival holiday.

In addition, during the Spring Festival, the railway department has taken advantage of Datong-Qinhuangdao and other special-purpose transportation, increased the power of coal transportation, and supplemented the inventory of power plants that were short-lived during the previous period.

Compared with previous years, the scope and intensity of coal shortages this winter are much smaller. Since February, the number of coal stocks in the Bohai Bay Three Ports has increased significantly. According to the data, as of February 16th, Qinhuangdao Port had a coal inventory of 7,492,200 tons, Caofeidian Port, 2.25 million tons, Jingtang Port, and 3.17 million tons. The total volume of coal stocks at the three ports around the Bohai Sea was 12,912 tons.

Some major coal producers reduced the market price of thermal coal sold in key ports such as Qinhuangdao in early February. For the market, Song Zhichen, researcher of China Investment Advisor Energy Industry Co., Ltd. stated that with the end of the Spring Festival holiday and the gradual warming of the weather, the coal consumption of domestic thermal power plants may decline. In particular, the seasonal decline of coal demand of power plants in coastal areas will make the north The coal price of the port was further lowered.