The inflection point of the price of Mysteel thermal coal market may be manifested

Mondo Finance Updated on 2024-01-30

If you want to know more exciting content, come and pay attention to my steel production area, the cold air is still affecting the road surface ice, but most of the regional transportation has gradually returned to normal levels. In the main production area, except for the shutdown of individual coal mines and maintenance factors, most coal mines maintain normal production, and the overall production is basically stable. Some coal mines in various regions have a certain inventory, in order to stimulate sales, the overall reduction of 10-20 yuan tons, almost to the end of the year, the wait-and-see mood is strong, although the first downside but the actual procurement enthusiasm is poor. From a regional point of view, Shaanxi is currently dominated by long-distance shipments, and Inner Mongolia is still dominated by short-distance transportation.

The port grid continued to decline, and the market was lowered by 5-10 yuan tons. At present, the downstream inventory is still within the safe range, and the procurement maintains rigid demand, and the overall pace is slow. The game of the upstream and downstream of the market will be maintained in the next week, and the current daily consumption increase and inventory will be maintained in the later stage, and the downstream may want to have a centralized replenishment, and it is necessary to continue to pay attention to the inventory situation of the port, as of December 21, the inventory of the eight ports around the Bohai Sea is 265380,000 tons, a decrease of 17 from the previous day70,000 tons.

The recent daily consumption of the downstream continues to rise, under the influence of a wide range of cold air, the temperature in many provinces across the country has plummeted, and the inventory of power plants has dropped significantly, and the current power plant units are basically running at 100%, and individual areas have reached full capacity. Judging from the current temperature situation**, the daily consumption of power plants is likely to be further increased in the coming double festival, and from this point of view, the demand for power plants may increase for stable operation. According to MySteel statistics, as of December 22, the total coal storage in the sample area of 256 power plants across the country was 4,86180,000 tons, down 128 from the previous month20,000 tons, daily consumption of 26120,000 tons, an increase of 2710,000 tons, available days 186 days, down 27 days.

To sum up, there are still uncertainties in the market, but according to the current trend analysis, in the context of high daily consumption of power plants and rapid decline in inventory, demand is gradually increasing, and coal prices may usher in an inflection point.

Disclaimer: MySteel strives to use the information accurately, objectively and fairly in the content and opinions expressed in the information, but does not guarantee whether it needs to be changed. The information provided by MySteel is for the customer's decision-making reference only, and does not constitute a direct recommendation for the customer's decision-making, and the customer should not replace its own independent judgment, and any decision made by the customer has nothing to do with mysteel. The copyright of this report belongs to mysteel, without permission, prohibited**, violators will be prosecuted.

Related Pages