americanpokeronline| Yulin's 5800 kcal index is 739 yuan: Coal prices under the supply-demand game have adjusted slightly, and demand is expected to gradually be released in the later period

News summary

As of May 17americanpokeronline, spot prices in the coal market rose slightly, supply output rebounded slightly month-on-month but remained low, and inventories decreased. Downstream demand is high, and the daily consumption of power plants is gradually increasing. Coal demand is expected to increase in summer, and coal prices may rise again.

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[Spot prices in the coal market rose slightly, and market supply and demand remained balanced.] As of May 17, the Yulin 5800 kcal coal index exceeded the 739 yuan mark, up 9 yuan month-on-month. The Ordos 5500 kcal index followed closely, with the same growth. The range reached 661 yuan. The Datong 5500 kcal index remained stable at 720 yuan. In terms of ports, the price of the CCI5500 remains at 857 yuan, and the CCI5000 also remains at 761 yuan. At the same time, the CCI Import 4700 Index in the imported coal market climbed slightly to US$87, and the CCI Import 3800 Index also rose to US$69. [Coal mine output in the "Three West" region fluctuated, showing a slight increase overall] Monitoring data showed that as of May 17, coal mine output in the "Three West" region reached 11.73 million tons, a slight increase from the previous week's 11.7 million tons. Shanxi's output dropped slightly to 2.8 million tons, while Shaanxi's output increased by 90,000 tons to 3.62 million tons, and Inner Mongolia's output decreased slightly, with output falling to 5.32 million tons. Environmental protection inspections have affected some open-pit coal mines in Inner Mongolia, and output has dropped accordingly. However, with the completion of coal mine topsides in other areas, output has gradually recovered. [The inventory situation has gradually improved, and the market has a strong wait-and-see attitude] With the gradual reduction of coal mine inventories, as of May 17, the inventory of Fenwei Large Sample Coal Mine was slightly reduced to 3.04 million tons, a slight decrease of 0.04 million tons from last week.americanpokeronline.50,000 tons. In terms of regions, inventories in Shanxi fell to 856,000 tons, while inventories in Shaanxi increased slightly by 12,000 tons to 749,000 tons, while inventories in Inner Mongolia remained at 1.435 million tons. The overall inventory of ports and terminals showed an upward trend. The inventory of the five northern ports increased to 15.146 million tons, the inventory of the six ports in the river reached 6.88 million tons, and the inventory of Guangzhou Port remained at a high level of about 3.01 million tons. [Demand is gradually released, and coal prices are expected to pick up] Market observers pointed out that although downstream acceptance of high-priced coal has declined, demand in the pit mouth market is still strong, especially in terminal areas such as metallurgy and chemicals. Affected by safety supervision, supply is tight and quotations from origin remain stable. With the rebound in port transfers, North Port's inventory is moderate, while Guangzhou Port's inventory remains at a high level due to the impact of imported coal. The peak summer electricity consumption period is approaching, and the daily consumption of power plants is expected to gradually increase, which may push coal prices to rise further.