1、 Price trend

According to the monitoring data of business news agency, the average market price of steam coal was about 931.25 yuan / ton on June 14, and 973.75 yuan / ton on June 18, with an increase of 4.56% and 70.68% over the same period last year. On June 17, the steam coal commodity index was 116.11, up 2.25 points from yesterday, down 7.11% from the cycle’s highest point of 125.00 (2021-01-19), and up 159.75% from the lowest point of 44.70 on January 20, 2016（ Note: period refers to the period from September 1, 2011 to now

In terms of origin: Sales of coal mines in origin still maintain a good situation in the early stage, there are still many coal pulling vehicles in coal mines, the overall supply of coal in Ordos is still limited due to the impact of environmental protection inspection, and the coal production in Shanxi is even more tight due to the impact of mining disaster.

Downstream power plants: Recently, due to the impact of summer peak, the daily consumption of power plants is high, and the coal inventory of power plants remains at a low level, so there is a strong desire to replenish. Data show that on June 16, the daily consumption of power plants in eight coastal provinces was 2.06 million tons, at a high level, and the inventory was 25.017 million tons, at a low level.

On June 16, the National Bureau of statistics released data showing that in May, raw coal production was 326.29 million tons, a year-on-year increase of 0.6%, a decrease of 1.8% last month, an increase of 0.6% over the same period in 2019, an average increase of 0.3% in two years, and an average daily output of 10.53 million tons; The imported coal was 21.04 million tons, a year-on-year decrease of 4.6%. From January to may, 162.1 million tons of raw coal were produced, with a year-on-year growth of 8.8%, a year-on-year growth of 9.8%, and an average growth of 4.8% in two years; The import of coal was 111.17 million tons, a year-on-year decrease of 25.2%.

Business analysts believe that: at this stage, the overall supply of thermal coal is still difficult to increase. In terms of downstream power plants, with the increase of temperature, power plants still have the demand for replenishment. However, recently, affected by the policy, the increase of steam coal is relatively low. On the whole, the short-term steam coal price is relatively strong in the later period, and the specific situation is the demand of the downstream market.