Today's coal market has seen a small increase, but this change has had a positive impact on market sentiment and future trends.
The pit mouth of the main producing area remained relatively stable, but the face coal of medium and low calorie coal mines appeared slightly, which added a touch of vitality to the market to a certain extent. At the same time, the relatively weak demand for seed coal and lump coal **slightly**, but the trend of supply-demand balance in the overall market continues.
This cold wave is bound to become the last opportunity for the coal market this year. As temperatures plummet, there will be a ripple effect that will drive a significant increase in demand for coal consumption. Due to the constraints on open-pit coal production, ** will face a significant tightening. At the same time, capacity has been hampered, further exacerbating the tension in the market. This unexpected situation will directly affect all parts of the coal value chain, providing market participants with a last investment and trading opportunity.
**The Meteorological Observatory predicts that on December 10-11 and 13-15, there will be two widespread rain and snow processes in the central and eastern regions, accompanied by continuous cooling. Among them, on the 10th-11th, North China and Huanghuai ushered in the first large-scale snowfall this winter, and there were heavy snowfalls or blizzards in northern Shaanxi, central and southern Shanxi, central and southern Hebei, and central and northern HenanFrom the 13th to the 15th, there will be moderate to heavy snow in the central and southern parts of North China, the northern part of Huanghuai, and the southeast of Northeast China, with localized heavy snowfall, and the temperature will drop further.
The advent of a new round of cold wave weather is expected to stimulate the daily consumption of power plants to further rise, and the enthusiasm of users for procurement is high, and the number of ships dispatched will also increase accordingly. At the same time, the Bohai Rim port is actively carrying out inventory management, but due to the cost inversion, the enhancement of safety supervision, and the reduction of railway follow-up shipments, the port's high-quality and high-calorific value coal is relatively tight. This series of conditions is expected to drive the market towards a gradual improvement. It is expected that the port coal price will re-enter the ** channel.