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Beigang anchor ships continue to increase, coal follow-up market is still tight

  • Wednesday, January 13, 2021
  • Source:ferro-alloys.com

  • Keywords:coal, demand and supply
[Fellow]Affected by a new round of cold wave, the increase of frozen coal and the obstruction of outward transportation of some epidemic areas, the number of unloading vehicles at the port has decreased, the inventory has continued to decline at a low level, and the s...

[Ferro-Alloys.com

  Affected by a new round of cold wave, the increase of frozen coal and the obstruction of outward transportation of some epidemic areas, the number of unloading vehicles at the port has decreased, the inventory has continued to decline at a low level, and the short-term increment is difficult. In Bohai Rim ports, the prices of various mainstream coal types continue to rise, some traders are reluctant to sell their products, and the downstream receiving is still dominated by rigid demand.

  Many places across the country are suffering from extremely cold weather, the demand for coal remains strong, and the transportation capacity of replenishing storage in the downstream continues to release. Due to the shortage of port resources, severe epidemic situation and weather, the ship turnover is slow and the transport capacity is tight. And near the Spring Festival, some coal mines have entered the stage of production reduction, and the pressure of supply side to ensure supply has increased. Although the competent authorities have taken measures to increase the supply of coal, at present, the inventory of both transit ports and power plants remains low. The downstream demand is strong, and the terminal transportation is active. Recently, the calling Bureau's Vehicle Approval and shipment have improved, but there are more frozen coal in Inner Mongolia, which affects the coal transportation. Affected by the freezing of vehicles and coal and the influence of loading and unloading, the overall transfer out and transfer in of the port are both low, the inventory continues to hover at a low level, and the number of anchorage ships in the Bohai Rim port remains high. Up to now, there are 227 anchorage ships in the ten ports around the Bohai Sea, and 58 ships are expected to arrive. In the short term, it is still difficult to accumulate the inventory of the ports around the Bohai Sea, and it is difficult to change the imbalance between supply and demand in the market. In the short term, the market will still be tight, and there is still room for coal prices to rise.
 
  The cold wave is coming again, and the temperature in many places has hit a new low since this winter. The demand for coal consumption in power plants continues to rise, and the procurement of haulage is speeding up. It is reported that most units of thermal power plants in East and South China are in full load operation, and the coal storage of power plants in some areas has dropped below the safety warning line, with a large gap, and the demand for short-term replenishment is still strong. Affected by the freezing weather and the increase of frozen coal, the daily shipping volume of Bohai Rim ports dropped to 1.82 million tons, 12% lower than the normal situation. Recently, extreme low temperature weather occurred continuously in many places, the downstream purchasing demand was strong, the northward ship dispatching was active, and the phenomenon of superposition of port high-quality resources and other goods still existed, and the market was still tight.
  It is predicted that the market situation in the middle and late ten days of this year, the production capacity and output release of the main producing areas, at present, the potential for subsequent growth is insufficient, and there is no news of large-scale import of coal, so the overall supply will continue to be tight. According to the weather forecast, the southern region is facing a new round of cold air attacks, and there will still be a relatively large increase in residents' electricity consumption, which makes the power consumption situation in the southern region still grim, and the demand for electricity coal will rise, and it is expected that the coal price will continue to rise in the middle and late ten days. However, the sudden epidemic requires them to retain their employees for local holidays, and the factory leaves at the wrong peak or chooses to continue to start work, so that the power consumption will not be the same as last Spring Festival. If the epidemic situation of workers in private enterprises cannot go home and their wages have to be paid, they can only choose to start work. It is expected that the electricity load will not drop much this Spring Festival, and the pressure of coal price will not be great. Follow up focus on the changes brought by weather and epidemic situation to the market and coal price trend?
  • [Editor:Catherine Ren]

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