Power coal prices fell for eight weeks, the decline continued to June

In the stable coal prices and other policies continue to force, the market is expected to strengthen the bearish. May 17, “Economic Information Daily” reporter learned from the Qinhuangdao Coal Network, the latest issue of the Bohai Sea thermal coal price index to close at 593 yuan / ton, the chain down 3 yuan / ton, has been the eighth consecutive decline, Expanded.

This year, coal prices continue to be high, coal and electricity conflicts intensified, the National Development and Reform Commission frequently shot control. May Shenhua, China Coal took the lead in lowering the price of coal.

At the same time, Shanxi, Shaanxi and Inner Mongolia and other major coal-producing areas began to implement 330 working days. Recently, the Development and Reform Commission issued “on further speed up the construction of coal mine capacity replacement work notice”, asked to increase the proportion of coal production capacity replacement, replacement progress has been determined, the future progress of advanced coal production capacity is expected to accelerate.

“In April, the national coal production of 294.53 million tons, an increase of 9.9%, the growth rate was significantly enlarged in the country to strengthen security and other relevant policies under the guidance of coal production release significantly, while the relevant ministries are also studying the introduction of poor imports of coal Related measures, and more measures, the coal prices will gradually return to a reasonable range. “Qinhuangdao coal network analyst Qi Bo analysis said.

In addition, due to the upstream areas, environmental monitoring intensified, are not allowed to open storage of coal, and deadline for rectification, but the open storage of coal to sell, making the rapid decline in coal prices, “is expected to gradually down the inventory to the middle reaches of the port and downstream power plants, So the recent thermal coal prices will plunge the situation. “Shen Wanhong source research reported.

From the demand side, April and May for the traditional power demand off-season. Qinhuangdao coal network monitoring data show that the six major coastal power plant inventory has been restored to more than 12 million tons, the number of available days rose to 20 days.

Watson Wanda futures analysis also pointed out that in May, after all, coal demand is off-season, especially in March after the “off-season is not light”, the latter part of the coal price is expected to go through a longer period of decline, the expected decline will continue to In mid-June, to be peak summer power plant began to prepare coal, coal demand will pick up.