According to the commodity market analysis system of SunSirs, the overall price of thermal coal stabilized in April. On April 29th, the energy index was 994 points, a decrease of 1 point from yesterday, a decrease of 36.32% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 94.52% from the lowest point of 511 points on March 1st, 2016. (Note: The cycle refers to 2011-12-01 present)

At the beginning of the month, the price of thermal coal declined. At that time, the overall coal consumption was in the off-season, and the sales situation of the coal mines in the production areas was generally average. The prices of coal at most mine mouths remained stable. Traders are more cautious in procurement, and market transactions are average. The port is relatively weak due to the impact of long-term coal replenishment on power plant inventory, and the overall market release is average. The terminal market mainly maintains a small amount of rigid demand procurement for thermal coal. In the traditional off-season market context, overall transactions are relatively average. In the middle of the month, the coal price rose slightly, mainly based on the implementation of long-term shipment. Recently, the non electric industry has released a small amount of essential demand, and the enthusiasm of traders to operate has increased. The number of transportation vehicles at market pitheads is increasing, and the search for goods in the market is gradually decreasing, lacking strong support for the upward trend of coal prices. Traders tend to maintain a cautious wait-and-see attitude due to their average willingness to ship due to their uncertainty about the future market. At the end of the month, the market was operating weakly, with average overall transactions and relatively low demand for goods.

According to the market operation monitoring system of the Ministry of Commerce, from April 15th to 21st, the national coal prices slightly rebounded, with thermal coal, coking coal, and No.2 smokeless lump coal priced at 807 RMB, 1,196 RMB, and 1,209 RMB per ton, respectively, increasing by 0.6%, 0.2%, and 0.2%. The price of steel has slightly increased, with rebar, high-speed wire rod, and channel steel priced at 3856 RMB, 4,056 RMB, and 4,150 RMB per ton, increasing by 1.6%, 1.6%, and 0.8%, respectively.

SunSirs analysts believe that the implementation of long-term cooperative shipping is the main focus in terms of origin, and overall market transactions are weak. In terms of downstream ports, the price of thermal coal is operating weakly. Power plants tend to adopt a wait-and-see attitude and purchase according to demand. The consumption demand for electric coal may remain average, while the demand for replenishment in non electric industries is average. It is expected that the price of thermal coal will continue to fluctuate, depending on downstream market demand.

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