According to sources from the Ministry of Commerce, last week (July 25 to July 31), the domestic coal price continued to increase until the tenth week.
It is reported that the domestic raw coal price rose by 0.5% on a week-on-week basis. It has been rising for ten consecutive weeks since May 25th. The overall demand in the domestic coal market remains high. During the summer peak season, the demand for thermal coal is strong, and the prices for major producing areas such as Shanxi and Inner Mongolia are higher. The price of raw coal rose slightly, with lignite, bituminous coal and anthracite rising by 0.9%, 0.4% and 0.1% respectively.
However, the downward trend of domestic raw coal prices may be expected and coal demand is expected to be substantially reduced. The current port and power plant have sufficient coal stocks and market supply will be effectively guaranteed. On July 29, Qinhuangdao port co-existed 7.551 million tons of coal, which was 9.4% higher than the previous week. On July 27th, the major power plants had coal inventory of 64.98 million tons, and the average number of available days was more than 16 days, although it was more available than the previous 18.1 days. The number of days fell, but it was still slightly higher than the normal value of 15 days.
In addition, large areas of rainfall in the southern region, the increase in hydropower generation, coal demand will weaken, it is expected that the price of raw coal may fall slightly later.
Domestic raw coal prices continue to rise, but supply and demand in the coastal thermal coal market remain loose. It is reported that the price of thermal coal in Bohai Bay has kept falling for four consecutive weeks. Despite the drop of RMB 8/ton within one month, the decline has not been significant, but the tight supply and demand relationship has eased and coal demand has begun to weaken.
It is reported that the domestic raw coal price rose by 0.5% on a week-on-week basis. It has been rising for ten consecutive weeks since May 25th. The overall demand in the domestic coal market remains high. During the summer peak season, the demand for thermal coal is strong, and the prices for major producing areas such as Shanxi and Inner Mongolia are higher. The price of raw coal rose slightly, with lignite, bituminous coal and anthracite rising by 0.9%, 0.4% and 0.1% respectively.
However, the downward trend of domestic raw coal prices may be expected and coal demand is expected to be substantially reduced. The current port and power plant have sufficient coal stocks and market supply will be effectively guaranteed. On July 29, Qinhuangdao port co-existed 7.551 million tons of coal, which was 9.4% higher than the previous week. On July 27th, the major power plants had coal inventory of 64.98 million tons, and the average number of available days was more than 16 days, although it was more available than the previous 18.1 days. The number of days fell, but it was still slightly higher than the normal value of 15 days.
In addition, large areas of rainfall in the southern region, the increase in hydropower generation, coal demand will weaken, it is expected that the price of raw coal may fall slightly later.
Domestic raw coal prices continue to rise, but supply and demand in the coastal thermal coal market remain loose. It is reported that the price of thermal coal in Bohai Bay has kept falling for four consecutive weeks. Despite the drop of RMB 8/ton within one month, the decline has not been significant, but the tight supply and demand relationship has eased and coal demand has begun to weaken.
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