Shaanxi and Mongolia coal mines and coal preparation plants lump coal ** table.
Yesterday, when we were talking about "the sharp decline in coke ** in February, resulting in a huge loss of 450 yuan tons for coke enterprises", we were worried that the coal price in March might be againWiltingFinish! Sure enough, today's thermal coal market may have felt the current "cold" early, more than 30 coal mines and coal preparation plants in Shaanxi and Inner Mongolia took the lead in announcing that the spot ** will be lowered by 10-60 yuan tons, at the same time, the northern port thermal coal ** index is also gradually declining. This means that the coal market may be facing a new round of downward pressure.
According to statistics, the lump coal for building materials and civil use in Yulin today fell by 20-30 yuan today. Some private coal mines are in a hurry to get rid of it, and even drop 50-60 yuan tons, thinking about quickly promoting the recovery of sales and recovering funds, but the market's transportation sentiment is still in a sluggish state, and the downstream procurement and transportation demand is weakening, and the bearish sentiment is intensifying.
Did coal prices wilt in March?
First of all, as the main coal mines have resumed normal production and sales, the market coal output and production are increasing, and the current downstream factories are not highly motivated to resume production and work, mainly because they are still very confused about the future.
In fact, when the real estate has not recovered significantly, the market pattern of oversupply in the market will not change. Taking the steel industry as an example, the current production of a ton of steel to lose 150 yuan, during the Spring Festival holiday, steel inventories rose sharply by 20%, while port iron ore inventories rose to 1300 million tons, also a record high, so, if you see the news of iron ore and steel price reductions recently, don't be surprised, it's purely normal.
In addition, this year, affected by the replenishment of long-term coal and imported coal, the momentum of coal prices will be curbed to a certain extent. With the return to normal sales of coal mines in the main producing areas, the market has been stabilized. As a result, some coal mines are now selling coal at reduced prices, which is also a choice they have no choice but to make.
February 28 Bohai Rim Port Thermal Coal Spot ** Trend Chart.
According to our experience in the coal industry in the past ten years, under normal circumstances, coal prices usually fall rapidly after the New Year, because the demand for coal decreases after the holiday, and coal prices often face further risks. Therefore, we recommend that the best traders should be cautious in their procurement at this time. After all, it is not terrible for the price of coal to wilt, but I am afraid that people will wilt too.