According to the monitoring data of Business News Agency, the price of steam coal was weak this week. The energy index stood at 1101 points on February 12, unchanged from yesterday, down 29.47% from the highest point of 1561 points in the cycle (2021-10-21), and up 115.46% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to 2011-12-01 to now)

In terms of origin, the coal mine resumed production after the Spring Festival, and the market supply increased, but the market trading atmosphere was general. The price of coal in main producing areas has declined, with the price reduction range ranging from 30-50 yuan/ton. Downstream production resumed after the Spring Festival, but steam coal was mainly purchased on demand.

In terms of downstream ports, the market sales were average, the market quotation declined, and the enthusiasm for taking goods in the downstream was average, and the transaction was relatively weak. The end users’ demand for steam coal is generally limited, and they are mainly wait-and-see attitude. They also think that the port inventory is high, and they still have a downward attitude towards the future coal price.

According to the monitoring of the Ministry of Commerce, the national coal price dropped slightly last week (from January 30 to February 5), including 1592 yuan, 1475 yuan and 944 yuan per ton of No.2 anthracite lump coal, coking coal and steam coal, down 1.4%, 1.0% and 0.7% respectively.

Analysts from the Business News Agency believe that the production of steam coal in the production area will resume after the holiday, and the market supply will increase. In terms of downstream ports, the purchase enthusiasm of power plants is general, and the transaction is relatively weak. It is estimated that the price of steam coal will remain weak in the later stage, depending on the downstream market demand.