September 28 Domestic Coal Market Quotes

Thermal coal prices are stable. Due to the impact of Daqin Line overhaul, the inventory of Qinhuangdao Port is still declining. Due to the decrease in the volume of relocation, the inventory of the southern port is also in decline. However, the purchase of downstream power plants remains largely rigid, and coal shipments from major coal producing companies are relatively stable. While the coal market in central and southwestern China is still tight and power plant stocks are low, due to tight thermal coal resources, high coal prices, and strained power plants, there are not enough funds to cover short positions, so the overall market performance is sluggish.

The coking coal market is stable. The downstream steel market Jinjiu Quotes did not appear, and the start of the protection of the housing market is not as strong as the market expectation. This market is not smooth and the steel stocks are high. Due to the unsatisfactory sales of steel products and the tightening monetary policy of the country, raw materials used by steel mills to procure raw materials tend to tighten, which in turn affects the capital flow of the entire coal coke steel industry chain. Downstream companies have no money to open positions, and coking coal companies lack the space for active adjustments. Under the circumstances that downstream prices are stable, coal prices will continue to remain stable in the short term. Anthracite prices are stable.

Currently, the demand for anthracite lump coal is gradually rising, and the purchasing enthusiasm of downstream enterprises is increasing. After the eleventh, it will be the traditional peak season of the market. Compared with the possibility of a smooth market this week, the post-holiday coal price increase is expected to be stronger. The price of injected coal is temporarily stable.

Currently, the price of coal injected into the coal market has not changed much, and the willingness of users in the south is still not strong. The situation of northern users taking goods is basically stable, and the incentive for coal companies to adjust prices is not strong. Therefore, the short-term coal prices continue to be mainly stable.

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