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Electricity coal meets the peak price of winter consumption to stabilize
Source:China fertilizer network   Time:2017-11-29   Read:557second  

China Coal Industry Association released a report that from November 18th to November 24th, the price of all kinds of spot coal in the Bohai rim collected from the "CCTD Qinhuangdao thermal coal price" showed a stop sign on the whole, and the spot price of low calorific value spot coal increased slightly.

Among them, the CCTD5500 closed at 609 yuan / ton, which was 1 yuan / ton less than the price released in November 20th, and CCTD5000 closed at 578 yuan / ton, which was 1 yuan / ton higher than the 20 price released in November.
Chinese Coal Industry Association said, in fact, in the first two weeks listed in the evaluation to promote a number of positive factors, Bohai area coal spot prices fell momentum has begun to decay; with some of the positive factors in the further enhance the influence of the reporting period, eventually prompted the Bohai rim coal spot prices on the whole show signs. With the passage of time, the winter coal consumption peak features continue to appear during the reporting period, six coastal areas of coal power generation business daily consumption level kept increasing trend, average daily coal consumption level has reached 642 thousand tons, compared to November 1st to 7 the average daily increase of 116 thousand tons, increased by 22%, this situation makes the consumption side support for coal spot prices further enhanced.
At the same time, the reporting period, the domestic offshore coal price rising trend continued, constantly refresh the record during the year, the comprehensive index Chinese coastal coal price in November 24th rose further to 1319.2 points, or 81.1 points than in November 17th rose again, to 6.6% weeks, the short-term power coal demand will remain active situation, continue to the existence of Bohai rim region coal spot price support.
Chen Jie, an analyst at coal - based information, said the market demand was gradually warming in the late November. The northeast and North China places have been heating, the air conditioning load in central and eastern China increased, the demand for power coal began to increase, and the market was gradually active. Although some energy consuming enterprises winter staggering production, reduce the amount of coal, but the benefit release from the supply side structural reform dividends, profits of industrial enterprises continued to improve, China's economy will maintain steady operation.
Chen Jie said that since the second half of this year, due to safety inspection, environmental protection and limited production, the release of high quality coal productivity has been affected, and the price of coal in the market has been at a high level. "Three" in the joint commissioning capacity of nearly 3.2 tons has formed the actual output, coal production and shipment gradually improved, diaojin railway will gradually improve. However, in winter, some areas are constrained by resources, transport, or will have a time period of tighter problems. At present, at the time of the signing of the annual coal association, the relevant state ministries and commissions have a strong willingness to stabilize the market, and the price of coal is expected to gradually return to a more rational interval.

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