According to the latest data, the price of thermal coal in the Bohai Rim has declined for three consecutive weeks, and the supply and demand activity in the thermal coal market in the domestic coastal areas has been in a state of slump.
Data from the China Shipping Coal Net Index Center shows that the latest average price of the Bohai-Ring Steam Coal Price Index was 837 yuan/ton, down 3 yuan/ton or 4% from the previous week. This is also the index continued to fall for the third week in a row, the decline in the previous two weeks were 1 yuan / ton and 2 yuan / ton, showing that the region's thermal coal price decline has increased, the coal price may fall into a short-term channel.
As the largest coal transit port in China, Qinhuangdao Port has always been considered by the market as the industry's wind power indicator. In this round of decline, the coal price in the port has dropped by RMB 5/ton. It is reported that the price of thermal coal in the 4,500, 5,000 and 5,800 kcal caloric market of Qinhuangdao Port has fallen by 5 yuan/ton, and they are reported at 635 yuan/ton to 645 yuan/ton, 735 yuan/ton to 745 yuan/ton and 880 yuan respectively. RMB/ton to 890 yuan/ton, the 5,500 kcal coal market maintained the price level of 835 yuan/ton to 845 yuan/ton last week. The coal prices in the major shipping ports in the north continued to decline, and the price of most coal-based coal products in Jingtang Port fell by RMB 10/t.
The continuous decline in coal prices at the transit sites in Qinhuangdao is being transmitted to the hinterland of Shanxi and other resources, pushing the local coal prices down steadily. As of July 18th, Datong's thermal coal prices of 5000, 5800, and 6000 calories were 680 yuan/ton, 700 yuan/ton, and 730 yuan/ton, unchanged for three consecutive weeks, but the expected drop in production areas was strong.
Analysts believe that the level of coal supply in the Bohai Rim region is still in a state of slump, given the level of coal inventory at major coal shipping ports, the number of ships to be loaded on anchorage, and the coal tariff of major routes.
At present, the Qinhuangdao port coal sea freight has been the lowest since March, and the demand for coastal coal has been greatly reduced. The sea freight rates from 20,000 to 30,000 tons of ships from Qinhuangdao port to Shanghai, Zhangjiagang, and Guangzhou ports reported at 43 yuan/ton, 46 yuan/ton, and 72 yuan/ton, respectively, and the coal shipping market continued to slump.
The “summer peak summer†that the market thought would increase coal demand did not play a due role in pulling coal prices. Despite the fact that high temperature weather has been occurring throughout the country since July, regional and alternating features have been evident. The overall demand for electricity, and thus the overall support for the thermal coal market is still weak.
Data from the China Shipping Coal Net Index Center shows that the latest average price of the Bohai-Ring Steam Coal Price Index was 837 yuan/ton, down 3 yuan/ton or 4% from the previous week. This is also the index continued to fall for the third week in a row, the decline in the previous two weeks were 1 yuan / ton and 2 yuan / ton, showing that the region's thermal coal price decline has increased, the coal price may fall into a short-term channel.
As the largest coal transit port in China, Qinhuangdao Port has always been considered by the market as the industry's wind power indicator. In this round of decline, the coal price in the port has dropped by RMB 5/ton. It is reported that the price of thermal coal in the 4,500, 5,000 and 5,800 kcal caloric market of Qinhuangdao Port has fallen by 5 yuan/ton, and they are reported at 635 yuan/ton to 645 yuan/ton, 735 yuan/ton to 745 yuan/ton and 880 yuan respectively. RMB/ton to 890 yuan/ton, the 5,500 kcal coal market maintained the price level of 835 yuan/ton to 845 yuan/ton last week. The coal prices in the major shipping ports in the north continued to decline, and the price of most coal-based coal products in Jingtang Port fell by RMB 10/t.
The continuous decline in coal prices at the transit sites in Qinhuangdao is being transmitted to the hinterland of Shanxi and other resources, pushing the local coal prices down steadily. As of July 18th, Datong's thermal coal prices of 5000, 5800, and 6000 calories were 680 yuan/ton, 700 yuan/ton, and 730 yuan/ton, unchanged for three consecutive weeks, but the expected drop in production areas was strong.
Analysts believe that the level of coal supply in the Bohai Rim region is still in a state of slump, given the level of coal inventory at major coal shipping ports, the number of ships to be loaded on anchorage, and the coal tariff of major routes.
At present, the Qinhuangdao port coal sea freight has been the lowest since March, and the demand for coastal coal has been greatly reduced. The sea freight rates from 20,000 to 30,000 tons of ships from Qinhuangdao port to Shanghai, Zhangjiagang, and Guangzhou ports reported at 43 yuan/ton, 46 yuan/ton, and 72 yuan/ton, respectively, and the coal shipping market continued to slump.
The “summer peak summer†that the market thought would increase coal demand did not play a due role in pulling coal prices. Despite the fact that high temperature weather has been occurring throughout the country since July, regional and alternating features have been evident. The overall demand for electricity, and thus the overall support for the thermal coal market is still weak.
Diamond Bit,Diamond Saw Blades For Stone,Diamond Band Saw For Stone,Diamond Tile Saw
Hengshi Diamond Tools CO.,LTD , https://www.ryomaltools.com