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    Home > Chemicals Industry > China Chemical > The impact of policy regulation continues to return to rational coal prices in June

    The impact of policy regulation continues to return to rational coal prices in June

    • Last Update: 2021-06-05
    • Source: Internet
    • Author: User
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    1.
    Analysis of the recent coal market situation

    The supply of coal from the main producing areas is tight.


    This year is the 100th anniversary of the founding of the party.


    Inventories in northern ports gradually accumulate.


    Since May, with the completion of the overhaul of the Daqin line, the shipping volume has increased, and the port transfer volume has rebounded.


    Terminal inventory remained low.


    Since the beginning of this year, my country’s economy has continued to recover, and industrial production has maintained a good momentum.


    New energy power generation has developed rapidly.


    Since the beginning of this year, in the context of the stable recovery of the domestic macro economy, the total domestic power generation has continued to grow.


    2.


    Research and Judgment on Coal Market Trends in June

    The production area coal market will accelerate the release of high-quality coal production capacity.


    In response to the excessively rapid rise in commodity prices, since May, the State Council executive meeting pointed out that it is necessary to do a good job in ensuring the supply and stabilizing prices of bulk commodities.


    In the short term, due to the upside-down of shipments from the origin to the port and the sentiment of buying up but not buying down, traders are not motivated to ship.


    It is expected that coal prices in producing areas will continue to be weak in early June.


    Port coal market demand is gradually released.


    Although new energy is expected to continue to exert strength, and the compression of thermal power share will reduce the coal consumption of power plants, the overall downstream purchase demand will still be strong in the later period.


    However, since the current port coal price is still at a high level, the impact of policy control will continue to exist at present and for a period of time in the future, and the high coal price in the port market will continue to adjust.


    It is expected that in June, with the rational return of coal prices in producing areas, traders' enthusiasm for shipping will resume, and downstream centralized procurement will start, port coal prices will fluctuate within a relatively rational price range.


    Transfer from: China Coal Market Net

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