According to the monitoring data of the business community, the price of steam coal is on the strong side this week. On September 22, the energy index was 1151 points, up 2 points from yesterday, down 26.27% from the peak of 1561 points (2021-10-21) in the cycle, and up 125.24% from the lowest point of 511 points on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

In terms of production area, affected by the epidemic situation and safety production reduction, most coal mines now provide long-term coal, and the market supply is still tight. The supply is reduced, the market trading atmosphere is fair, and the coal price is strongly supported.

In terms of downstream ports, the price is mostly strong. Because the National Day holiday is coming, enterprises are actively stocking up, and the supply of coal falls short of demand. In addition, the overhaul of Daqin Line still has strong support for the rise of coal prices.

According to the monitoring of the Ministry of Commerce, the national coal price rose slightly last week (September 12-18), including 1463 yuan, 939 yuan and 1469 yuan per ton for No. 2 smokeless lump coal, steam coal and coking coal, up 1.0%, 0.9% and 0.1% respectively.

Analysts from the business community believe that: the production of steam coal in the origin area is affected by the safety inspection and epidemic situation, the coal output has declined, and the coal supply is tight. In terms of downstream ports, most of them are strong. Due to the influence of goods preparation before the festival, the downstream users’ quotations are relatively firm. However, considering the impact of superimposed policies, it is expected that steam coal prices will mainly fluctuate, depending on the downstream market demand.