The four signs for coal prices rising
Since June, coal prices is rising quickly, mainly due to supply side expected tight and traders sell such speculation. At present, the downstream coal demand has not yet released, supply and demand is still relatively loose. And coupled with the supply of coal has been strongly supported by policy side. The traders also want to sell more goods, reasonable price range of coal is still running the trend. The latest phase of the Bohai power coal price was closed at 577 yuan/ton, and the increase has narrowed significantly.For the coal mine conveyor rollers market, it is also a good signal.
First, policies promote the production of adequate supply of coal. In June 25th, the national development and Reform Commission held a conference about the protection of coal mines, discussing the reduction of coal mines and the increase of production capacity. In order to guarantee the normal supply of coal. On June 27th, the government issued the “on 2017 during the summer peak coal oil and gas transportation security work notice”, the implementation of the pipe service requirements, accelerate the quality of coal production release “,” to expedite the construction project approval procedures, for approved projects actively coordinated to expedite the mining permit procedures “,” large-scale coal enterprise requirements for increasing oil production, key coal producing area to take the lead to implement the production insurance for liability.” These government pilicies also promote the market of coal mine conveyor rollers.
Second, there are many coal enterprises which protect the normal supply of coal. It is reported that Shenhua suspended the sale of spot power coal in order to ensure the implementation of the contract. During the summer peaks, the coal advantages will further highlight.The main procurement requirements will also be further to deliver it, thus market purchase restrictions will increase.
Three, the demand for coal is to be released. Recently, there is a clear decline of daily consumption on the plant. Such as on June 29th, the six coastal power group coal consumption dropped to 606 thousand and 300 tons, inventory of available days to 21 days, coal stocks rose to 12 million 932 thousand and 400 tons, reaching the average level of eight years, the supply is not very tight.
Four, the port inventory is relatively stable. As a transit region and sale station, port railway transportation volume remained stable, despite the significant increase in the number of anchorage ship, but the port inventory is stable, obviously, the real purchasing intention and Power Plant Co., Shenhua and China Coal suspended coal spot sales, to ensure the supply of high power long association, coal spot pick-up is not strong, closing the port limited. Abundant coal unloading port of transit and procurement has prompted consumer purchasing less active. Data show that as of June 29th, Qinhuangdao port coal stocks 5 million 465 thousand tons, almost unchanged from last week. Caofeidian Coal inventory 3 million 191 thousand tons, a slight decrease compared to last week.In all, these signs also promote the market of coal mine conveyor rollers.
