February 27 released “CCTD Qinhuangdao thermal coal prices” show that the reporting period CCTD5500 to close at 605 yuan / ton, the chain rose 3 yuan / ton, CCTD5000 to close at 535 yuan / ton, the chain rose 4 yuan / Ton, the port deposit 435.5 million tons, down 40,000 tons. At this point, the Bohai Sea market, the end of the transaction price of coal has ended since the beginning of November 2016 continued decline in the situation.

According to the China Coal Market Network on February 27 news, the real demand recovery and “panic” demand at the same time the superposition effect of the reporting period Qinhuangdao market momentum coal price rebound has played a positive role in promoting.

First, the “real” demand recovery gradually increased the thermal coal market activity. On the one hand, according to CCTD China Coal Market Network monitoring data, from the beginning of January this year, with the main shipping port coal stocks continue to reduce the level of the overall supply capacity in the port coal at the same time, the number of these ports to reduce the number of coal suppliers , On the other hand, after the Spring Festival, all types of consumer enterprises, the full recovery of the demand for thermal coal, some of which are not long-term power coal purchase and sale contracts (ie: “long association”), Contract) to ensure that the demand, had to seek market power coal resources, thereby enhancing the active degree of the purchase and sale of thermal coal. The difference between the supply of thermal coal and the increase in demand has boosted the recent upward trend in thermal coal prices in the Bohai Rim region.

Second, the “panic” demand boost the market price of coal prices rebound. According to CCTD China Coal Market Network analysis, in the recovery of real consumption of thermal coal demand at the same time, coal enterprises may resume 276 days working day system, “two sessions” on the eve of coal mine safety inspection efforts to increase the impact of coal production news, The recent Bohai Sea market, coal prices stabilized or rebounded, resulting in some “panic” demand quickly emerged, prompting the region to increase demand for thermal coal, the price rebound.

Qinhuangdao maritime coal market issued by the maritime coal freight index (OCFI) shows that February 24 compared with February 21, only three days the index “skyrocketed” at 195.7 points, or up to 27.2%; during the period, Qinhuangdao to Guangzhou route 5-6 million tons, Qinhuangdao to Shanghai route 4-5 million tons of the two main types of freight rates, respectively, up 7.2 yuan / ton and 9.5 yuan / ton, or 22.1% were up. Domestic offshore coal tariffs in the consumption of coal consumption in the off-season “skyrocketing” is undoubtedly a “panic” demand directly reflected.

Due to the “panic” demand for the thermal coal market to be digested and calm, and ship freight rose before the ship actually arrived in Hong Kong load time, is expected within a short period of time the Bohai Sea area of ​​thermal coal purchase and sales will remain relatively active, market power coal Prices are expected to remain up.

Source: China Securities Network