Port market dynamics

Quotation situation: On March 26th, the market quotation for 5,500 kcal coal was 675-680 RMB/ton, 5,000 kcal coal was 580-585 RMB/ton, and 4,500 kcal coal was 515-520 RMB/ton. Compared to the previous day, the price of 4,500 kcal coal has slightly decreased.

Market inquiry: There are not many inquiries in the overall Beigang market, and it is difficult to obtain low truck and low-priced coal sources. Recently, the bidding for calling and shipping has increased costs, resulting in a decrease in low truck sources. The demand for medium and high calorie coal is also not high, especially for 5,500 calorie coal, which has few inquiries and difficult transactions.

The impact of imported coal: The landed price of imported coal is inverted with the coal price in the domestic market at the port, and some terminals are shifting towards domestic demand. As the end of the month approaches, there are some fixed plans released and empty orders replenished downstream, which has gradually stabilized the port, but the rebound of low calorie coal is limited.

Dynamics in Shaanxi Region

Production and sales: Most coal mines in Shaanxi region are producing and selling normally, and the market coal supply is basically stable. Downstream enterprises mainly purchase for essential needs, while platforms and traders are more cautious, and coal mine shipments are generally average.

Price range: The price of 6,000 kcal coal in Shaanxi region is 530-560 RMB/ton, and the price of 5,800 kcal coal is 515-545 RMB/ton.

Market expectation: The overall market demand has not significantly increased, and the market is expected to decline. But as the end of the month approaches, some coal mines will shut down, and it is expected that coal prices may show a narrow range of fluctuations in the short term.

Dynamics in Inner Mongolia

Production situation: Some coal mines in Inner Mongolia have reduced or stopped production due to the completion of production tasks at the end of the month, but most coal mines have maintained normal production and the market supply is still acceptable.

Sales situation: Downstream demand is flat, and market transactions are poor. Most coal mines have average sales, with some slightly adjusting coal prices by 5-10 RMB/ton.

The price of coal for non electric enterprises: 5,500 kcal coal with tax included is 455-495 RMB/ton, 5,000 kcal coal is 385-425 RMB/ton, and 4,500 kcal coal is 295-335 RMB/ton.

Post market: Due to limited release of terminal demand, coal prices are expected to fluctuate narrowly.

Dynamics in Shanxi Region

Production activities: Coal mine production in Shanxi region is proceeding normally, mainly focusing on shipping long-term contract orders.

Sales situation: Coal enterprises have average sales and low market transaction volume. Most companies adopt a wait-and-see attitude.

Washing dilemma: Due to the high cost of washing, surrounding coal washing plants are facing losses and have chosen to suspend washing operations.

Price reduction strategy: Some coal enterprises with inventory adopt a price reduction strategy to promote sales, with a price reduction range of 5-10 RMB/ton.

In summary, the overall demand in the current coal market is not high, and the market is declining. However, due to factors such as the end of month shutdown and the release of fixed plans, it is expected that coal prices will show a narrow range of fluctuations in the short term.

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