According to the Commodity Analysis System of SunSirs, the price of thermal coal has been consolidating this week. On February 28th, the energy index was 1,020 points, a decrease of 2 points from yesterday, a decrease of 34.66% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 99.61% from the lowest point of 511 points on March 1st, 2016. (Note: The cycle refers to 2011-12-01 present)

In terms of origin, coal mines have gradually resumed production after returning from the Spring Festival, and market supply has increased compared to the previous period. Overall, long-term cooperative shipping is the main focus. Recently, due to rainy and snowy weather, transportation has not been smooth. After smooth transportation, market price reductions have stimulated transportation, and overall stability is the main focus. Downstream procurement is still mainly based on demand, and appropriate replenishment should be made according to their own situation.

In terms of downstream ports, the overall coal prices have been consolidating this week. Recently, due to the impact of cold wave weather, the daily consumption of power plants has rebounded rapidly. However, due to the impact of long-term coal contracts and imported coal replenishment on power plant inventory, the market remains cautious and cautious in terms of coal supply. The overall market release is average, and the terminal market mainly maintains a small amount of rigid demand procurement for thermal coal.

In January 2024, various power trading centers across the country organized and completed a total of 5,215.9 kilowatt hours of market trading electricity, a year-on-year increase of 24.4%. Among them, the direct trading volume of medium and long-term electricity in the national electricity market was 413.26 billion kilowatt hours, a year-on-year increase of 23.6%. In January, various power trading centers across the country organized and completed a total of 521.59 billion kilowatt hours of market trading electricity, a year-on-year increase of 24.4%. The total amount of electricity traded within the province is 412.04 billion kilowatt hours, including 404.28 billion kilowatt hours of direct electricity trading (including 6.05 billion kilowatt hours of green electricity trading and 96.09 billion kilowatt hours of power grid agency purchasing), 7.64 billion kilowatt hours of power generation rights trading, and 110 million kilowatt hours of other transactions. The total amount of electricity traded between provinces is 109.55 billion kilowatt hours, including 8.98 billion kilowatt hours of direct inter provincial electricity trading, 100.46 billion kilowatt hours of inter provincial transmission trading, and 110 million kilowatt hours of power generation rights trading.

SunSirs analysts believe that in terms of origin, long-term cooperative shipping is the main implementation, and the overall market is stable. In terms of downstream ports, prices have stabilized this week. Power plants tend to adopt a wait-and-see attitude and purchase according to demand. Overall, it is expected that the price of thermal coal will still remain stable, depending on downstream market demand.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.