The day before, Shenhua, China coal, coal and other large coal enterprises in Hong Kong announced a reduction in the market price of coal 10 yuan / ton, coal market continued hot boost collective return to fundamentals. Experts predict that with the late changes in the supply and demand structure of the coal market, coal prices will gradually return to reason.
Reporters observed that, the latest phase of the Bohai power coal price index closed at 586 yuan / ton, flat compared to the end of the three consecutive phase of the rise, the coastal market is cooling trend. At the same time, according to the statistical data of CCTD Chinese coal market shows that as of October 3rd the Qinhuangdao coal inventory has reached 6 million 735 thousand tons, compared with the end of August increased by about 1 million tons, year-on-year growth doubled, refresh since January 12th this year. Coal deposits continue to rise, so that the tension between the early supply and demand contradictions have been effectively alleviated, but also for the upcoming heating season in the North support.
Recently, the country's hydropower generating capacity has increased substantially. In mid September, China's hydropower generating capacity of 76 billion 349 million kwh, an increase of 22.94%, in the continuous output of hydropower and the gradual decline in temperature under the double impact, will be a significant replacement for coal consumption.
Insiders said that with the large coal enterprises have lowered the price of coal, as well as many recent increase supply, curb demand factors, the coal market speculation atmosphere or will be suppressed, so as to guide the coal prices down steadily.