1. Price trend

According to the monitoring data of SunSirs, the average market price of steam coal on June 7 was about 936.25 RMB/ton, up 69.69% over the same period last year. On June 6, the thermal coal commodity index was 112.80, flat with yesterday, down 9.76% from the highest point of 125.00 (2021-01-19) in the cycle, and up 152.35% from the lowest point of 44.70 on January 20, 2016. (Note: Period refers to 2011-09-01 to present)

In terms of origin: the sales of coal mines in the origin still maintain a good situation in the early stage, and there are still many coal hauling vehicles in coal mines. Affected by environmental protection inspection, the overall increase of coal supply in the Ordos is still limited, and the sales in Inner Mongolia are relatively hot, but the number of coal mines with a price increase is small, and the price adjustment of coal mines is more cautious.

Downstream power plants: in recent days, the coastal daily consumption is at a high level, and the number of days available for power plants has decreased. However, the limited price sales of large enterprises have a great impact on traders' sentiment and are affected by policy regulation, the enthusiasm of power plants to replenish stocks have declined, and the willingness to reduce prices is relatively strong. Traders are mainly on the lookout.

According to the data released by the General Administration of Customs on June 7, in May 2021, China imported 21.04 million tons of coal and lignite, a month-on-month decrease of 3.2% and a year-on-year decrease of 4.6%. From January to May 2021, China imported 111.166 million tons of coal and lignite, a year-on-year decrease of 25.2%.

SunSirs analysts believe that: at this stage, the overall supply of thermal coal is still difficult to increase. As for the downstream power plants, with the rising temperature, the power plants still have the demand for replenishment. However, due to the influence of the policy recently, the port has a strong wait-and-see mood. On the whole, it is difficult for the short-term steam coal price to have a higher rise, and the price mainly fluctuates in a narrow range, depending on the downstream market demand.

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