Thermal coal is rising, enthusiasm is not diminished, coal mine reduction, replacement and nuclear increase have new trends

The bullish sentiment in the thermal coal market has continued to rise recently
.
? This past weekend, the coal industry continued to hear rumors
.
There are rumors that Shenhua and China Coal have suspended sales of spot thermal coal
.
According to other sources, the National Development and Reform Commission held a related meeting to discuss coal mine reduction replacement and production capacity nuclear increase
.
? Shenhua and China Coal suspended the sale of spot thermal coal, in the eyes of industry insiders, mainly to ensure the coal supply of downstream Changxie power plants
.
This also exacerbated the market's anxiety about the current lack of coal supply
.
? According to Fenwei Energy’s latest thermal coal weekly report, the upstream supply side did not go smoothly in the past week, and the price of thermal coal in main producing areas has generally risen
.
Environmental supervision in the northern Shanxi region is very strict, and the shut down coal mines and coal washing plants still have not resumed work
.
The impact of production restrictions and production cuts in Ordos, Inner Mongolia, is still continuing
.
In the Yulin area of ​​Shaanxi Province, affected by the tight supply of Shanxi and Inner Mongolia, the number of vehicles pulling coal from the mine has recently increased, and the price has risen by 10-20 yuan/ton
.
? "After experiencing the
big increase last weekend, yesterday (26th), the main theme of the pit mouth was to compensate for the increase.
The price increase in Yuyang, Shenmu, Shaanxi has obvious characteristics of wide spread and frequent fluctuations, and it takes the lead in big mines.
The overall market will go up by 10-20 yuan/ton
.
” Zhongyu Information Market Analyst Wang Qiuli revealed that after the price increase, downstream receiving is still more active, and some coal companies are still planning to continue to increase the price
.
In terms of ports, the current market offers are steadily rising.
The main reason is that traders are reluctant to sell.
Actually high transactions are weak.
At present, most of them are waiting to see Shenhua's new price policy
.
? Fenwei energy analysts also said that the southern part has entered the rainy season, and the daily consumption of power plants has dropped significantly.
The demand for downstream power plants is not strong, and the inventory of mainstream power plants in the coastal areas is high
.
Even if traders hoarding goods generally have the willingness to reluctantly sell them for an increase, but through understanding of downstream power plants, the actual receiving price is much lower than the market quotation and it is not easy to make a deal
.
? Pan Hanxiang, a coal researcher at the Bitcoal Research Institute, told reporters that according to his previous knowledge, there is no major shortfall in coal inventories in all sectors of the industry.
It is just that under the strong atmosphere of the market as a whole, traders' large-scale stockpiling actions have caused short-term liquidity shortages.

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The reporter also learned from the industry that the National Development and Reform Commission recently held a special meeting on coal mine capacity replacement and nuclear increase
.
The meeting revealed that the coal mine capacity replacement index signed within the specified time contract, can enjoy a certain conversion ratio of incentive policies
.
The verification of coal mine production capacity and the implementation of production indicators will be carried out simultaneously
.
The previous policy regarding the approval of newly-built coal mines that "a coal mine project shall not be applied for reconstruction or expansion within 5 years after the transfer of production, nor shall the production capacity be approved to expand the production scale" policy remains unchanged, but the coal mines that have completed the acceptance check have abundant resource reserves and good mining conditions.
Especially for open-pit coal mines, the policy can be appropriately relaxed
.
? Pan Hanxiang believes that with a clearer understanding of the actual domestic supply and demand pattern, the relevant departments have relaxed the certification standards for the completion of capacity replacement this time, and have also taken incentives to advance the capacity replacement work to ensure domestic coal production while reducing production capacity.
The market is in a relatively stable state, normal market consumer demand will not be affected, and large fluctuations in market prices have also been avoided
.
From a deeper level, the government has changed its coal supply control standards
.
? Recently, coal market prices have risen rapidly, significantly higher than the green price range of 500-570 yuan/ton
.
Although government departments adjusted the electricity price structure in a timely manner, and cancelled and reduced some additional charges, the operating situation of thermal power enterprises is still grim
.
According to the reporter's understanding, the coal management department may fully support coal mines with safe production conditions to organize production in the near future.
Under the premise of ensuring safety, coal enterprises will operate at full capacity to ensure market supply
.