本周环渤海动力煤价格指数小幅上涨

Core Viewpoint - The market for thermal coal in the Bohai Rim is experiencing a slight upward trend in prices due to reduced port coal inventory pressure, increased upstream pricing intentions, and tightening of imported coal supply [1][2]. Group 1: Market Price Trends - The Bohai Rim thermal coal price index has risen to 686 yuan per ton, an increase of 1 yuan per ton compared to the previous period [1]. - The overall market sentiment is being positively influenced by factors such as the easing of port coal inventory pressure and support from the cost side of the supply chain [1]. Group 2: Supply and Demand Dynamics - Coal mines in major production areas are maintaining normal production and sales, resulting in a relatively loose overall supply [1]. - There has been an increase in demand from downstream sectors, particularly in chemicals, leading to improved sales conditions in certain cost-effective mining areas [1]. - However, limited procurement increases from surrounding power plants and cautious replenishment actions from traders are leading to a stable pricing strategy from miners [1]. Group 3: Import Coal Market - Indonesian coal supply constraints have persisted since the end of last year, keeping prices firm and driving domestic import market prices upward [2]. - The price advantage of low-calorie imported coal from Indonesia compared to domestic coal has diminished, while the price advantage of high-calorie coal from Australia has also narrowed, resulting in a slowdown in procurement activity [2]. - Overall, while the coastal coal market is in a recovery phase after previous declines, limited consumer demand continues to suppress significant price increases, with expectations of a stalemate in the short term [2].