According to the monitoring data of SunSirs, the price of thermal coal is running steadily. On September 18, the energy index was 1,146, unchanged from the previous day, 26.59% lower than the highest point of 1561 (2021-10-21) in the cycle, and 124.27% higher than the lowest point of 511 on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

In terms of production area, affected by the epidemic situation and safety production reduction, the coal mine is now dominated by long-term agreement coal, and the market supply is still tight. In addition, some coal mines have stopped production recently, and the supply has decreased, which has strong support for coal prices.

In terms of downstream ports, the price is mostly strong. The port inventory has decreased due to the temperature change, and the purchasing enthusiasm has decreased. The ability to accept high prices is not high, and most of them are still old wait-and-see attitude.

According to the monitoring of the Ministry of Commerce, the national coal price fluctuated slightly (from August 29 to September 4). Among them, thermal coal and No. 2 smokeless lump coal were 920 RMB/ ton and 1,429 RMB/ ton, up 0.9% and 0.8% respectively, and coking coal was 1,476 RMB/ ton, down 0.2%.

SunSirs analysts believe that: the production of thermal coal in the origin area is affected by the safety inspection and epidemic situation, and the coal output has declined, and the coal supply is tight. In terms of downstream ports, most of them are strong. Downstream users mostly purchase according to demand, with daily consumption decreasing. Downstream users mainly take a wait-and-see attitude and superimpose policy influence. It is comprehensively expected that thermal coal prices will fluctuate and consolidate in China, depending on the downstream market demand.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.