Newsletter

Overall, overall market buying enthusiasm is expected to be dominated by weak thermal coal prices | Coal Thermal_Sina Finance_Sina.com

Source: Jintou.com

According to SunSirs monitoring data, this week (11.7-11.11)thermal coalThe price runs weak. On November 13, the energy index was 1143 points, which was the same as yesterday It was 26.78% lower than the highest point in the cycle of 1561 points (2021-10-21), and 123.68% higher than the lowest point of 511 points on March 1, 2016. (Note: The circle refers to 2011-12-01 to date)

In terms of origin, the price of thermal coal is weak, and the general market trading atmosphere, public health incidents and safety production cuts affect the operation, and the price of thermal coal is weak. The overall supply guarantee and long-term coalition coal in the market are relatively good, and the overall market has a strong wait-and-see sentiment.

As for downstream ports, traders’ quotes weakened, and they mostly took a wait-and-see approach. In addition, the Daqin line is still undergoing maintenance, and the shipping volume is still relatively limited. Downstream buyers are generally incentivized to buy goods, with few transactions and a general acceptance of high prices. The daily use of power plants is stable, and the current inventory remains high.

According to the monitoring of the Ministry of Commerce, last week (October 31st to November 6th), the national coal price fell slightly, which coal lump coal No. 2, thermal coal, refining coalcoking coal1586 yuan, 973 yuan and 1499 yuan per ton, down 1.1%, 0.1% and 0.1% respectively. The price of steel products has fallen, among the common medium plate,Rebarhot-rolled strip steel 4297 yuan, 4054 yuan and 4131 yuan per ton, down 1.9%, 1.8% and 1.7% respectively.

SunSirs analysts believe safety inspections and public health incidents are affecting the thermal coal production area, and market transactions are relatively average. In terms of downstream ports, thermal coal is still mostly on the sidelines, and the acceptance of high prices is average, and the market is stalemate. The overall procurement enthusiasm in the market is average, and the comprehensive forecast for thermal coal prices is mostly weak, depending on the downstream market demand.

(Article source: SunSir)

Opening a futures account on a major cooperative platform with Sina is safe, fast and guaranteed

Huge information, accurate interpretation, all in Sina Finance APP