According to the monitoring data of SunSirs, the average market price from the beginning of last week to the weekend was about 1,085 RMB/ ton, up 66.35% year-on-year. On December 2, the thermal coal commodity index was 130.72, the same as the previous day, 58.07% lower than the highest point 311.75 in the cycle (2021-10-20), and 192.44% higher than the lowest point 44.70 on January 20, 2016. (Note: the period refers to the period from September 1, 2011 to now)

In terms of producing areas, the sales of coal in the main producing areas are relatively stable, but the wait-and-see mood is strong; In terms of ports, the release of coal production capacity has been accelerated, and the port inventory has increased significantly. Data show that the inventory of coastal power plants has accumulated to more than 33 million tons, and the number of days available for coal storage has exceeded 20 days.

SunSirs analysts believe that: at this stage, the production capacity of producing areas has been released, and the tight supply situation has been alleviated; With the release of production capacity of downstream power plants, the coal consumption of power plants is guaranteed. But now, under the influence of policy, the coal inventory has increased and the willingness to purchase is low. Most of them purchase on demand and hold a cautious wait-and-see state. SunSirs analysts believe that the price of thermal coal in the later stage is mainly weak and stable, depending on the demand of the downstream market.

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