The price of steam coal stopped falling and rebounded this week (2.13-2.17)

According to the monitoring data of Business News Agency, the price of steam coal stopped falling and rebounded this week. The energy index stood at 1091 points on February 16, up 2 points from yesterday, down 30.11% from the highest point of 1561 points in the cycle (2021-10-21), and up 113.50% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to 2011-12-01 to now)

 

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In terms of origin, the coal mine resumed production after the Spring Festival, and the market supply increased. The start of construction is relatively stable, some coal mines have accumulated inventories, and the coal mines can flexibly adjust their prices, but the enthusiasm of the downstream to take goods is general.

 

In terms of downstream ports, the market sales were average, the market quotation declined at the beginning of the week, and the downstream took goods as needed, and the transaction was relatively weak. However, with the increase of port inventory, some traders began to increase their prices tentatively, but the overall demand of end users for steam coal was limited, and the wait-and-see attitude was the main one.

 

According to the data released by the National Bureau of Statistics on February 14, the national coal price fell in the first ten days of February. The specific price changes of each coal type are as follows: the price of anthracite (washing medium lump, volatile content ≤ 8%) is 1960.0 yuan/ton, down 115.0 yuan/ton or 5.5% from the previous period. The price of common blended coal (the blended coal of Shanxi fine coal and lump coal, with a calorific value of 4500 kcal) was 876.3 yuan/ton, down 51.7 yuan/ton or 5.6% from the previous period. The price of Shanxi Dachun (coal blend with good quality and calorific value of 5000 kcal) was 982.5 yuan/ton, down 75.5 yuan/ton or 7.1% from the previous period. The price of Shanxi Youxing (high-quality blended coal with a calorific value of 5500 kcal) was 1145.0 yuan/ton, down 73.0 yuan/ton or 6.0% from the previous period. The price of coking coal (main coking coal, sulfur content<1%) was 2400.0 yuan/ton, down 55.0 yuan/ton or 2.2% from the previous period.

 

Analysts from the Business News Agency believe that the production of steam coal in the production area will resume after the holiday, and the market supply will increase. In terms of downstream ports, the purchase enthusiasm of power plants is general and the transaction is relatively limited. Although the price of steam coal has stopped falling and rebounded slightly, it is generally accepted by the downstream. It is comprehensively estimated that the price of steam coal will still be mainly consolidated in the later period, depending on the downstream market demand.

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