If you want to know more exciting content, come and pay attention to my market demand performance in the first week after the steel festival has not been significantly boosted, the coal price of the origin continues to run, and the market just needs to pull and transport. Most coal mines have resumed production one after another, and the first end has improved. The production area is normal, and the demand is released slowly. The port coal price was insufficient after a small amount of power after the holiday, and began to run smoothly, and the downstream inquiry and price inquiry situation was poor, and the market procurement continued to be dominated by rigid demand. In addition, due to the weather, some ports in the north were closed many times, and the port scheduling was affected, and the inventory accumulated. The resumption of work and production after the holiday is less than expected, the market sentiment is weaker, the willingness to buy is not good, and the port inventory has changed, and the following is a specific analysis of the inventory of 55 ports across the country.
As of February 23, Mysteel surveyed 55 port samples across the country, and the thermal coal inventory was 5,63320,000 tons, an increase of 443 week-on-week70,000 tons. Details of the regions are provided below
Data**: Ganglian data
Northeast region: Port inventories decreased last week, with port inventories of 13270,000 tons, down 4730,000 tons. Last week, the market demand in Northeast China was average, due to the high price of seaborne coal, the market procurement was not active, the port transportation was reduced, and the power plant had no replenishment demand for the time being, and the basic rigid demand was the mainstay. Under the sluggish demand, the main reason for the port reduction is the impact of scheduling.
Data**: Ganglian data
Bohai Rim region: port inventory increased significantly last week, with 2386 port inventory60,000 tons, an increase of 296 week-on-week00,000 tons. After the beginning of last week, the market demand in Beigang has not changed significantly, and the downstream procurement is basically based on rigid demand, the market is cold, and the transaction performance is poor. In addition, Beigang has been closed many times due to strong winds and fog, and the market activity has been low for several consecutive days. Under the influence of poor shipments, the port inventory has accumulated significantly.
Data**: Ganglian data
East China: This week, the inventory in East China was **, and the port inventory was 104400,000 tons, an increase of 89 week-on-week00,000 tons. After the holiday, the market demand in East China was flat, the market was poor, and some of the first although there was a rise in the market buying sentiment, the overall transaction performance was average, and the basic wait-and-see was the main one, and the inventory release was difficult.
Data**: Ganglian data
Jiangnei area: Last week, the inventory in Jiangnai was small**, and the port inventory was 104400,000 tons, an increase of 89 week-on-week00,000 tons. Last week, the Jiangnei market was affected by the Beigang ** after the stable operation, after the year the market was dominated by sentiment, the overall demand performance was average, there were fewer market participants, and the port inventory was not smooth.
Data**: Ganglian data
South China: Last week, the inventory in South China increased, with the port inventory at 11290, an increase of 74 week-on-week00,000 tons. After the Spring Festival, the market trading is not obviously active, the demand side is still weak, some terminals have no replenishment demand, the enthusiasm for pulling and shipping is low, the shipment is difficult, the market is mostly waiting for a wait-and-see situation, and the port inventory is **.
Data**: Ganglian data
To sum up: last week's inventory in addition to the Northeast regional inventory decline in the rest of the port inventory showed a ** trend, the Northeast regional port inventory decline due to the impact of scheduling, the number of ships to the port, the inventory has declined. In the first week of the year, the market activity was low, and the market purchase willingness was low, and most of them operated in a wait-and-see situation. Downstream demand is weak, procurement enthusiasm is poor, transactions are few, and inventory is trending. The release of demand is limited, and it is expected that it will be difficult for port inventories to decline in the short term, and the market needs to continue to pay attention to favorable policies and weather impact changes in the future.
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