CCTD Coal Market Daily Review (20241108)

In terms of origin, some coal mines in Yulin region stopped production due to maintenance, inverted surface and other reasons, to a certain extent, to alleviate market supply pressure, superimposed pit inventory is relatively limited, so most coal mines have a willingness to raise prices, and the price adjustment has risen slightly more than it has fallen. The supply of Ordos region is at a relatively high level, but under the stable pulling of the long Concorde, the inventory accumulation of the mining side is also more limited, so the market price is still relatively deadlocked, and the local slight fluctuations are mixed. The price of the north of Shanxi region is temporarily stable, and the market coal trading atmosphere is weak, but under the support of the long Association, the mining side's sales are more guaranteed, so the price is still mainly to maintain stability.

In terms of port, the buyer's desire to inquire is relatively depressed, and the offer is lower than the seller's psychological price, so the actual transaction still continues to be low. Since this week, port inventory has continued to rise, and coastal daily consumption is still at a low level, so the market supply and demand are loose, and the suppression of prices is more obvious.

In terms of imported coal, the imported coal market is basically stable this week, and the recent purchase cost of imported coal is still high, but there are still certain advantages compared with domestic trade coal, but due to the uncertain factors in the late market, coupled with the terminal inventory is still good, the market wait-and-see sentiment is spreading, and traders are cautious in operation.