Thermal coal rises a record coal enterprise profit growth

Affected by the mismatch of supply and demand, thermal coal is not short in the off-season, and the price is hot.
Entering April, thermal coal prices have further climbed, spot prices have increased by more than 50% year-on-year, and futures prices have hit an 8-year high, and thermal coal has become a real "black gold.
"The main artery of transportation, the Daqin Line, is still undergoing maintenance, and the inventory at Qinhuangdao Port continues to decline.
The latest data shows that a few days ago, the thermal coal inventory of Qinhuangdao Port once fell below the important mark of 4 million tons, which was the lowest inventory during the maintenance period of the Daqin Line over the years.
At the same time, the daily consumption of power plants is still strong, and inventories continue to be in short supply.
According to the China Electric Power Industry's fuel statistics and monitoring, as of April 20, there were nearly 130 power plants with inventory available days of less than 7 days in major coal-fired power plants in the country, an increase of 62 from the same period last year.
The existing coal inventory of power plants will be difficult to meet demand.
According to the statistics of Tianfeng Securities, recently, the guide price of 5,500 calories for thermal coal at Northern Port has exceeded 800 yuan/ton, reaching 806 yuan/ton.
A coal-using company in Guangdong Province said that the port price exceeded 800 yuan/ton, which was unprecedented in the past off-season.
Except for some industrial users who are not so price sensitive, most end users are difficult to accept.
Participate" mentality.
Data shows that starting from mid-March of this year, affected by the mismatch of supply and demand, thermal coal is not short in the off-season, and the price is hot, and the price of coal in the production area has been rising frequently.
In the first quarter of this year, the average price of thermal coal reached 719.
32 yuan/ton.
However, many power companies reported that the price of coal entering the plant was extremely high in the first quarter, reaching an average of over RMB 760/ton.

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