The price of power coal around Bohai Sea is quoted at 571 yuan/ton.
Time：2019-02-01 Read：567second
During the reporting period (January 23, 2019 to January 29, 2019), the power coal price index around Bohai Sea closed at 571 yuan/ton, down 1 yuan/ton.
_From the calculation results of transaction prices of six ports around the Bohai Sea, we can see that in this reporting period, 10 of the 24 specifications declined in price, and 14 of the specifications with flat price.
_In this period, the effect of pre-holiday is obvious, the demand of power coal market is weakening, and the price of producing area is stable, which causes the power coal price index around Bohai Sea to fall back in this period:
_1. The measures of increasing production and ensuring supply policy of large-scale production enterprises and relevant departments in main production areas have been promulgated one after another. The market has further digested the impact of mine accidents, the sales situation is not good, the expectation of continuous bullish change, the rising trend of origin price has slowed down, and the price of some mining areas has been revised back, which has weakened the supporting power of port coal price.
With the approaching of the Spring Festival, the demand has rapidly declined. The scope of enterprise shutdown has been further expanded and coal consumption of power plants has decreased significantly. According to the data of Qinhuangdao Coal Network, the average daily coal consumption of major power plants along the coast this week is 560,000 tons, down 156,000 tons annually, a 21% decline. With the decrease of daily consumption, the level of coal storage and the number of days available in the power plant are repaired upwards, and the enthusiasm of purchasing decreases.
_3. The seller's price-fixing mentality is loose, and the buyer's price-fixing purchasing leads to more transactions. Before the festival, the middlemen gradually withdraw from the market. Faced with the terminal's depressed price purchasing, the seller's price-holding mentality loosened based on the previous cost rise, and the barycenter of the transaction price moved down. In order to lock in the post-festival supply, the power plant has a higher acceptance of the market supply after a small price reduction, and the port turnover has increased in recent two days.
4. Power coal futures ended the rising offensive and entered a period of weak consolidation. On the 24th, Zheng Coal's face fell sharply, touching 567 points the next day, down 28.6 points from the previous period's high. After the price rebound, the multi-bull hedging mood warmed up. Both sides of the multi-bull market operated cautiously, contracted volume and entered a weak consolidation.
On the coastal shipping market, the Ocean Coal Freight Index (OCFI) issued by Qinhuangdao Coal Trading Market shows that the domestic Ocean Coal Freight Index oscillates during the reporting period (January 23, 2019 to January 29, 2019). On January 29, 2019, the freight index closed at 547.14 points, up 2.14 points, or 0.39%, compared with January 23.
On January 29, 2019, compared with January 23, 2019, the average coal tariff of 50,000-ton ships on Qinhuangdao-Guangzhou route was 0.1 yuan per ton to 22.7 yuan per ton; the average coal tariff of 40,000-50,000-ton ships on Qinhuangdao-Shanghai route was 0.2 yuan per ton to 17.4 yuan per ton; and the average coal tariff of 40,000-50,000-ton ships on Qinhuangdao-Jiangyin route was 0.2 yuan per ton to 17.4 yuan per ton. Ring ratio up 0.6 yuan/ton to 17.9 yuan/ton
皖公网安备 34120002001531号