According to the monitoring data of the business community, the price of steam coal was weak this week. On November 20, the energy index was 1139, unchanged from yesterday, down 27.03% from the highest point of 1561 (2021-10-21) in the cycle, and up 122.90% from the lowest point of 511 on March 1, 2016. (Note: the cycle refers to the period from December 1, 2011 to the present)

In terms of origin, the price of steam coal is weak, and the market trading atmosphere is general. The operation is affected by public health events and safety production reduction, and the price of steam coal is weak. The price of coal mine has been lowered by 20-40 yuan/ton. The overall supply guarantee and long-term cooperation of coal in the market are better, and the market is in a strong wait-and-see mood.

In terms of downstream ports, traders’ quotations declined, mainly taking a wait-and-see attitude. Downstream customers are generally motivated to pick up goods, with few deals, and generally accept high prices. The quotation of traders dropped slightly, and the buyer and seller were deadlocked.

According to the monitoring of the Ministry of Commerce, last week (November 7-13), the national coal price fell steadily, including 1586 yuan per ton of No. 2 smokeless lump coal, unchanged from the previous week, 1481 yuan per ton of coking coal and 970 yuan per ton of steam coal, down 1.2% and 0.3% respectively. The price of steel products rose slightly, including 4053 yuan per ton of deformed steel bars, unchanged from the previous week, 4276 yuan per ton of high-speed wire rods and 4143 yuan per ton of hot rolled strip steel, up 0.5% and 0.3% respectively.

According to the analysts of the business community, the market transaction of steam coal in the origin area is relatively ordinary due to the impact of safety inspection and public health events. In terms of downstream ports, the downstream still mainly wait and see steam coal, generally accept high prices, and the coal price declines. The overall purchasing enthusiasm of the market is average, and it is expected that the price of steam coal will be dominated by weak operation (but policy regulation still needs to be paid attention to), depending on the downstream market demand.