电煤需求转入季节性回落阶段 动力煤价格企稳|焦点速讯

Group 1 - The price index for thermal coal in the Bohai Rim region remains stable at 671 RMB/ton, supported by high-cost supply and structural shortages in the market [2] - Coastal electricity demand is entering a seasonal decline, leading to reduced purchasing sentiment among downstream buyers, which is causing a stagnation in coal price movements [2][3] - Production in major coal-producing areas is being affected by heavy rainfall and strict policies on overproduction, resulting in a tightening of supply and downward pressure on pit coal prices [2] Group 2 - Despite a decline in pit coal prices, issues such as reduced railway freight discounts and weather-related transportation constraints continue to limit the increase in coal supply at ports [2] - The demand for electricity coal is expected to weaken further, with coastal power plants halting purchases due to a lack of substantial support from non-electric terminal demand [3] - The overall market sentiment remains cautious, with speculative demand shifting towards a wait-and-see approach, making it difficult for prices to find a solid support base [3]