The Bohai Rim thermal coal price index rose

After falling for 17 weeks, the price of thermal coal in Bohai Bay finally rebounded.

According to the statistics report of the latest phase of the Maritime Coal Network (March 7 to March 13), the average price of thermal coal in the 5500 kcal market in the Bohai Rim has risen for the first time after a continuous decline for 17 weeks. The average price was reported at 773 yuan/ton, which was an increase of 1 yuan/ton over the previous reporting period.

In the previous week, out of the 24 coal specifications of the six ports in the Bohai Rim, the number of specifications for price increase exceeded the number of price declines for the first time since November 16, 2011, and the tendency of the market price of thermal coal trading prices for the first time tended to “rise”. .

Among them, from the collection and calculation results of the transaction prices of the six ports in the Bohai Rim, among the 24 port specifications, the price of port specifications with flat prices increased from 13 in the previous reporting period to 16; Four of the previous reporting period had been reduced to three; port specifications for prices rose from seven in the previous reporting period to five.

Analysts of the China Shipping Coal Network believe that some positive factors conducive to promoting the warming of the thermal coal market in the Bohai Sea region continue to show significant effect, which is the reason for the increase in the trading price of thermal coal in the region.

The proportion of price-matched port specifications in all port specifications increased from 54.2% in the previous week to 66.7%, and the trend in the mainstream has increased. At the same time, the number of port specifications for which prices have increased continues to exceed the price of port specifications, indicating that The balance of the thermal coal trading prices in the regional market was slightly tilted toward “rising”.

According to the analysis report of Shanxi Securities, the current sea freight continues to rise and the port inventory continues to fall, indicating that coal demand is not too bad. As the Daqin Line is about to be overhauled, the major producing provinces such as Shanxi province have also released the signal to limit production. Coal prices are basically the same. Stabilize.

From the price point of view, the Q5 level of thermal coal trading price in the 5500 kcal calorific value of the Qinhuangdao Port has rebounded to 770 yuan/ton, which is lower than the 30 yuan/ton limit of the thermal coal price ceiling.

However, the positive factors for the rise in coal prices are not limited to this. According to sources, the annual routine maintenance time for the Daqin Line has been basically determined. It will be postponed from March of the original plan to April and will begin on April 3-27, with a duration of 25 hours and a three-hour maintenance time.

The industry believes that with the rise in coal shipping costs and the maintenance of the Daqin Line, the rising trend of coal prices is highlighted, and the trend of supply and demand booming in the coastal coal market is about to emerge.