Coal Industry Week Data and Analysis

The article provides a comprehensive overview of the coal market dynamics across various segments this week, highlighting key price movements, inventory levels, and regional trends. **Thermal Coal:** This week, domestic thermal coal prices saw mixed performance. The Bohai Dynamic Coal Price Index fell by 6 yuan/ton to 553 yuan/ton, while Qingang thermal coal prices remained depressed, with Datong high-grade mix, Shanxi premium blend, and other grades dropping by 10 yuan/ton each. In Guangzhou, thermal coal prices stayed stable, though some domestic coal types like high-grade blends in Shanxi declined by 20 yuan/ton, and Shenmu 1 coal dropped by 15 yuan/ton. Power coal prices, however, experienced an upward trend. Port inventories showed contrasting movements: Qinhuangdao’s stock fell by 4.76% to 6.6958 million tons, remaining relatively high, while South Port and Guangzhou Port saw a 16.01% increase in coal stocks to 3.025 million tons as of August 16. Meanwhile, major power plants’ coal reserves decreased slightly from the end of July to 65.30 million tons, with available days at 16. Despite some regional price adjustments, the overall thermal coal market remained sluggish. Prices in the Datong area of Shanxi remained stable, with good transactions for high-calcium coal. Changzhi lean coal pit prices increased by 20 yuan/ton, and several areas in Shaanxi raised prices slightly, including northern Shaanxi (5–20 yuan/ton) and Huangling (10 yuan/ton), primarily within Shaanxi Coal Group mines. Coal freight rates continued to rise. As of August 16, coastal freight rates in China increased by 3.22% to 1063.55 points. Internationally, the BDI index rose by 5.72% to 1165 points as of August 17. Additionally, shipping costs from Theo to Qingdao increased slightly by $0.04/tonne to $9.30/tonne this week. **Metallurgical Coal:** The domestic coking coal market remained relatively stable this week. The MySPIC steel price index dipped slightly by 0.34% to 133.14 points. Steel stock levels in major cities continued to decline, but domestic crude steel output rose by 2.69% to 21.4 million tons per day as of August 10. Steel mill procurement prices for metallurgical coal remained mostly unchanged, though Jinan Steel reduced its purchase price for Shandong 1/3 coking coal and Shanxi coal injection by 10 yuan/ton. Some large mining companies adjusted their listing prices upward, with Shanxi Coking Chemical Co., Ltd. raising main coking coal by 10–40 yuan/ton and fat coal by 10–20 yuan/ton. In the downstream market, Weifang, Shandong, saw a 20–30 yuan/ton increase in coal injection prices. The coal injection market operated smoothly, with strong demand from steel mills and improved trading volumes. However, in Yunnan’s Zhaotong area, injection coal prices rose slightly by 30 yuan/ton due to tight supply. **Anthracite:** The anthracite market remained stable overall, with transaction activity gradually improving. Despite weak demand from downstream sectors, the market has begun to show signs of recovery. Some end-users have started purchasing small quantities at low prices, preparing for future needs as demand is expected to pick up. This week's coal market reflects a complex interplay of supply, demand, and regional price fluctuations, with certain areas showing slight improvements while others remain under pressure.

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