Low international coal prices

Last week, the international coal price trend remained fragmented and mixed, but the extent of price fluctuations was very small. The international coal price remained low as a whole, and the international coal market was not expected to recover in the short term.

According to Qinhuangdao Coal Price Center data, as of the week of November 2, the thermal coal price index of Newcastle Port in Australia fell, which fell by US$2.46/ton to US$81.40/ton on the basis of US$83.86/ton, a decrease of 2.93%. The coal price index of Richard Port in South Africa was US$79.30/t, which was slightly increased by US$0.04/t to US$79.34/t, or 0.05%; the price index of European ARA three-gang market thermal coal was US$86.17/ On the basis of tons, it dropped by 0.84 US dollars/ton to 85.33 US dollars/ton, a decrease of 0.97%.

Another international coal index BJ thermal coal price index fell slightly this period, according to Qinhuangdao Coal Network price center data show that as of November 1, BJ thermal coal prices closed at 80.45 US dollars / ton, unchanged from the previous period.

International coal prices have risen and fallen in the current period. Except for the sharp drop in thermal coal prices in Australia's Newcastle Port, the coal prices in other ports are basically fluctuating slightly. The thermal coal prices in Richard Port in South Africa are still below the US$80 mark. The situation of oversupply has not changed. The weak international coal market may continue.

Comprehensive analysis believes that the low price of international coal prices will cause China's coal imports to increase again in the fourth quarter, and after the political crisis, the political restrictions will be weakened, and the coal mines will be forced to shut down or resume production, and coal production will also increase. The favorable factors for coal storage season will also be weakened with the realization of heating throughout the country. The real recovery of the domestic coal market will be difficult to achieve in the short term.