Shenhua recently announced thermal coal sales plan in September, September Shenhua steam coal sales in addition to continue the implementation of the bank acceptance offer, the abolition of all remaining performed in August volume discount, low calorie and blending preferential, all coal according to calorific value orders. But it is worth mentioning that, 5500 kcal direct listing price down to 405 yuan / ton.
According to the Securities Daily News on September 2, after the abolition of preferential, Shenhua in September each card number of thermal coal hanging quotation and August with all the preferential measures compared to the price, generally a edged up slightly by the situation.
According to research statistics show that as of September 1st, Huanghua port coal stocks for 2100000 tons, is still higher than the 2000000 tons of the warning line. While the coastal six power plant coal stocks for 12840000 tons, the daily consumption of 539000 tons of coal, the inventory of available days 23.8 days, of which the number of available days in stock increased by 4.1 days in August 1st.
Analysts said that from the September price plan announced by the Shenhua, Shenhua's intention is obvious. However, entering in September, in most parts of the country will and hot high temperature weather drifting further and further away, thermal power demand is about to enter the traditional off-season; in addition, bureau of statistics and Caixin were announced in August of China PMI value below 50% of the COORONG line, and hit multi month low; in addition to this year in September by the big parade, Mid Autumn Festival and the coming National Day holiday and other effects, is expected to downstream demand will further decline. He believes that in the current situation in the downstream inventory is generally, the market is generally expected to Shenhua and other large mines will be down in mid September price.