The peak of coal consumption is coming, and the load of civil electricity will increase, thus driving up the demand for coal. But at the same time, coal stocks in power plants and ports have been maintained at a high level. As far as the current port and power plant stock is concerned, the growth of the downstream demand in July is basically met, and the short-term power coal prices are difficult to have action.

According to market sources, the national energy investment group (Shenhua Group) recently announced its annual Association and monthly price Association in July 2018. Judging from the published price data, the annual Association maintained stability and the monthly long association fell significantly. Among them, in July, the annual Association of 557 yuan / ton was flat, unchanged from the same period last year. In July, the monthly Association of 595 yuan / ton decreased by 30 yuan / ton, up 25 yuan / ton compared with the same period last year.

From the point of view of transport, the national railway transported 9.8 million tons of coal in 1-5 months, an increase of 9.5% over the same period last year. The railway coal transportation continued to increase rapidly. In 5-6, the Datong Qinhuangdao railway transported 79 million 166 thousand and 400 tons of coal, an increase of 11.03%, and the average daily freight volume reached 1 million 300 thousand tons, close to the full load level. In the month of 6-7, the peak of traditional coal consumption was approaching. Under the guidance of the coal structural protection policy in the summer of Ying peak, the transport volume of major coal transport channels in Daqin and Mongolia Hebei continued to increase substantially.

In the area of origin, the price of coal in Shaanxi is stable and downward, and the sales of coal mines in the north of Shanxi Shanxi are general, and a small amount of stock appears on the mine, and the price is stable for the time being. Recently, some coal mines in Inner Mongolia have resumed normal production and sales, resulting in an increase in the supply of steam coal, easing the tight supply situation and reducing the price of some coal mines.

According to the arrangement of the CPC Central Committee and the State Council, the supervision of the central second environmental protection inspection group in the Inner Mongolia Autonomous Region from June 6, 2018 to July 6th, "look back" is now over, and the opencast coal and coal washing plants in Erdos meet the requirements of environmental protection to resume production. It is still in the middle of production.

The six big power plants in the main producing area, the north port and the coastal area have a mild rise in stock, and the water power replacement effect is enhanced, the demand for high temperature electricity is relieved, the downstream purchasing market slows down, and the short-term transaction is deadlocked. According to a port trader, it is expected that July is mainly a stalemate, and the ups and downs are not easy. It is expected to fall in August.

At present, under the control of the state, the coal inventory has increased significantly, especially the power plant inventory is approaching the historical high level. High inventory of coal helps alleviate the tense situation of coal use in power plants in 7 and August.

In order to cope with the arrival of the peak of the "peak in the summer", the national macro-control department has made preparations ahead of time, and continued to increase the strength of the port. At the same time, the import coal restrictions were relaxed at the end of May. This summer, in the mining road, Hong Kong and Hong Kong and Telecommunications actively seized, the downstream coal is not expected to be tense, the peak season, coal prices remain stable, will become the main theme of the coastal coal market.