According to the commodity analysis system of SunSirs, the price of thermal coal was relatively strong last week. On May 10th, the energy index was 1,003 points, a decrease of 1 point from yesterday, a decrease of 35.75% from the highest point in the cycle of 1,561 points (2021-10-21), and an increase of 96.28% from the lowest point of 511 points on March 1st, 2016. (Note: The cycle refers to 2011-12-01 present)

In terms of origin, the overall production and sales of thermal coal remain normal, and the coal supply remains stable. Still focusing on implementing long-term cooperative shipping. Affected by the rise in port prices, some traders are better at finding goods and have less inventory pressure.

In terms of downstream ports, market prices have risen, and the daily consumption of power plants has basically returned to pre holiday levels. But as prices rise, downstream companies are not in a hurry to purchase and remain cautious and watchful.

According to data recently released by the National Bureau of Statistics, prices of various coal types in China continued to rise in late April. The specific price changes of each coal type are as follows: The price of anthracite (washed in lump, volatile content≤8%) is 1,135.0 RMB/ton, an increase of 81.7 RMB/ton from the previous period, an increase of 7.8%. The price of ordinary mixed coal (a mixture of Shanxi fine coal and lump coal with a calorific value of 4,500 kcal) is 632.0 RMB/ton, an increase of 3.1 RMB/ton or 0.5% compared to the previous period. The price of Shanxi Damian (a high-quality mixed coal with a calorific value of 5,000 kcal) is 727.9 RMB/ton, an increase of 4.3 RMB/ton or 0.6% compared to the previous period. The price of Shanxi Youmian (high-quality mixed coal with a calorific value of 5,500 kcal) is 826.6 RMB/ton, an increase of 3.0 RMB/ton or 0.4% compared to the previous period. The price of Datong blended coal (Datong produced blended coal with a calorific value of 5800 kcal) is 871.6 RMB/ton, an increase of 3.3 RMB/ton or 0.4% compared to the previous period.

SunSirs analysts believe that in terms of origin, long-term cooperative shipping should be implemented as the main approach, and non electricity demand should be purchased on demand. In terms of downstream ports, as prices continue to rise, it is important to maintain a moderate replenishment of inventory and cautiously observe procurement. Overall, it is expected that the price of thermal coal will continue to fluctuate, depending on downstream market demand.

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