Thermal coal prices fall again

At present, the Bohai Sea coal market is still in a weak state. In the face of the current cold market, many coal companies have chosen to use lower prices to win customers. At the same time, under the impact of foreign low-cost coal, the domestic coal price will encounter not only the decline in domestic demand but also the price war of foreign coal. The market is not optimistic that the weak demand is caused by the thermal coal price in the Bohai Sea that has remained stable for two weeks. The main reason for falling again. Although the domestic economic situation is further improving, the consumption of electricity and coal and other energy resources has increased. However, the coal market oversupply pattern still drives the price of thermal coal to continue to decline, and it is difficult to change the loose market situation in the short term.

According to monitoring, as of November 30, the country's key power plants stored 88.80 million tons of coal, can be used for 24 days, the overall situation is still in ultra-high state. The coal stocks in the four ports around the Bohai Sea increased for seven consecutive weeks. As of December 10, the stock of coal in the four ports of the Bohai Rim was 17.189 million tons, an increase of 819,000 tons over the previous week, an increase of 5%.

In addition, although the international coal price temporarily rises, it will help support the current domestic coal price to a certain extent. However, the price of imported coal is still generally lower than that of domestic trade coal. In addition, the peak value of import coal at the end of the year is ushered in, which further inhibits the enthusiasm of domestic coal downstream coal purchasers.