On November 26, China’s domestic power coal temporarily stable operation

According to the monitoring of the business association, the price of power coal maintains stable operation. On November 26, the average price in the domestic market was about 558 yuan / ton (flat price). On November 26, the power coal commodity index was 67.26, unchanged from yesterday, down 34.71% from 103.01 (2011-11-15), the highest point in the cycle, and up 50.47% from 44.70, the lowest point on January 20, 2016. (Note: cycle refers to 2011-09-01 to now)

 

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With the arrival of domestic winter heating season, the domestic demand for power coal has improved, which has certain support for the price of power coal. According to the business association, as of November 25, the inventory of six major coastal power plants was 16.992 million tons, with a weekly to environmental ratio increase of 136000 tons, a year-on-year decrease of 599000 tons; the daily coal consumption was 634000 tons, with a weekly to environmental ratio increase of 43000 tons, a year-on-year increase of 9.6 tons; the available days were 26.8 days, with a weekly to environmental ratio decrease of 1.7 days, and a year-on-year decrease of 5.9 days.

 

Business analysts believe that: on the one hand, the supply of power coal is still sufficient, on the other hand, with the arrival of winter heating season demand has improved, overall, the price of power coal will maintain a weak balance in the short term.

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