The dog days has been to the coal in the influence factors of Shenhua coal and coal prices increased in July and restrict imports of coal, into the "high temperature" model: the current coal market price has exceeded 600 yuan policy warning line. "Coal super crazy" reappearance makes the coal electricity market in deep ice and snow double days. "The market demand is too large, and now the coal enterprises do not work overtime to meet the market demand, coal enterprises made a lot of money this year."." State Electricity voted a person in charge said, "for power companies, the impact is very large, although the state raised the price of some electricity, but from the current trend, but also can not see the improvement, the second half of the situation is very grim."."
Respondents pointed out that currently during the summer peaks, the expected short-term market price may be the new high power coal. With coal prices rising, the latter regulation policy is expected to overweight, the future with the main production area of coal production was released, after the peak season, coal or difficult to continue upstream space.
Power coal short-term or new high
China coal resources network data show that the CCI5500 index of 12 Daily 624 yuan / ton, compared with the previous period, the price rose 6 yuan / ton, compared with the same period last week, the price rose 16 yuan / ton. CCI5000 index reported 558 yuan / ton, compared with the previous period, the price rose 1 yuan / ton, compared with the same period last week, the price rose 14 yuan / ton.
Yi Coal Research Institute professionals said that at present during the summer peaks, thermal coal demand is expected to maintain growth, but also conducive to reduce recently hydropower output power plant coal demand increases; but the long association coal market prices stable, high level of power plant coal and other factors may restrict the power of coal market activity, the relevant departments will also take security measures of summer electricity supply, the expected short-term coal market prices may usher in a new high, but the rate of increase is limited.
Coal regulation policy is expected to introduce
Soaring coal prices caused by regulators attention. Development and Reform Commission in June 30th issued a notice to ensure that 2017 Yingfengduoxia situation is stable, coal should accelerate coal quality coal production release, guarantee stability in key areas of the key period of supply. Minimize production, coal mine withdrawal, stop the multi pass, fast off, affecting the supply.
In July 12th, regulatory bureau convened Huaneng, Guodian, Datang, Huadian, Guodian, SDIC, Huarun, Zhejiang, Guangdong and other nine power group fuel management department is responsible for meeting the national development and Reform Commission, listen to the recent generation of key is thermal power and hydropower and ring up changes, coal consumption and storage, and ring up the changes, problems and suggestions in the supply and.
Coal and electricity enterprises
Soaring coal prices, coal prices significantly improved profitability, thermal power enterprises are shouldering the "cost of pain."". From the disclosure of the first half of 2017 performance notice of coal listed companies, the coal sector as a whole to the good. \*ST Zheng coal is expected in the first half of 2017, the net profit of about 400 million yuan. The company lost 192 million yuan in the same period last year. Outdoor coal is expected in the first half earnings of 9.75-10.79 billion yuan, an increase of 180%-210% over the previous year. Shaanxi coal is expected in the first half operating performance grew by 2054%-2174%.
The electric power enterprise, Oriental energy, Ganneng said, due to coal and other raw material prices rose sharply, so that a substantial increase in operating costs, net profit fell sharply.
SWS Hong Yuan Securities pointed out that since the beginning of the year, coal prices remain high, resulting in thermal power earnings pressure. In May, the coal electricity price index was 59% higher than the same period of last year, and the high coal prices were the main reason for the sharp decline in the performance of thermal power companies. It is estimated that there will be a negative growth in newspaper performance in the first half of 2017, and there are 7 companies with a margin of more than -50%. However, the recent coal prices slightly repeatedly but government regulation will supply the partial easing of the same pattern, the NDRC issued a document in July to cancel part of government funds and additional price, is expected to bring power benchmark price of 1-2 floating space.