The four ports in the Bohai Rim have risen for four consecutive weeks and then turned lower. The inflection point of coal prices will emerge in September.

According to sources from the Qinhuangdao Port Coal Trading Center on the 15th, the "First Financial Daily" disclosed that after four weeks of rising stocks in the Bohai Rim, stocks turned into declines for the first time. And as the volume of coal withdrawals continues to increase, the decline may continue. Coal experts predict that coal prices will remain stable this month and will turn upwards in September.

Ports and power plants stocks retreated. The above-mentioned sources told the newspaper that Qinhuangdao port had a coal inventory of 7.316 million tons on the 15th, a stock of 2.35 million tons on the Caofeidian port, a stock of 3.74 million tons on the Jingtang port, and a stock of 171.5 on the Jingtou port of the SDIC. Ten thousand tons. Compared with the inventory data of the previous week, the total stock of coal in the four ports of Bohai Rim has been reduced by more than 300,000 tons.
He said that since this month, the Qinhuangdao Port coal withdrawal volume has ended four consecutive consecutive declines, and the volume of imports has decreased for four consecutive weeks, and the volume of resumption has been rising.
According to reports, last week Qinhuangdao Port Coal Railway had transferred a total of 4.446 million tons, which was a further decrease of 60,000 tons from the previous week's 4.506 million tons. Qinhuangdao Port Coal Railway's transferred volume fell for four consecutive weeks. The above series of changes once again caused the market to worry about the upcoming coal price.
At the same time, power plant coal stocks began to decline. One of the five major power generation groups in Jiangsu Power Plant told this newspaper that coal reserves in thermal power plants in Jiangsu province should be in the range of 12 to 14 days. Although the tension in the previous period is less than 7 days, there is a greater ease, but inventory is currently consumed quickly. After entering September, it may face tension again.

The slowdown in the transportation price decline At the same time, the downward trend of coal freight rates in the Bohai Rim is still underway, but the decline has obviously slowed. According to the data, as of August 10, the freight rate of coal shipped from 20,000 to 30,000 tons of freighters from Qinhuangdao Port to Guangzhou Port increased by RMB 2/tonne to RMB 70/tonne; the coal shipping fee to the Shanghai Port of Shanghai It has remained stable, and after the Qinhuangdao port, the freight rate for coal on the sea experienced a consecutive eight-week decline.
At the same time, the seaborne freight rates from 30,000 to 40,000 tons of ships to Zhangjiagang in the port fell by 1 yuan/ton or 2.18% to 45 yuan/ton, and the spreads from 30,000 to 40,000 tons of ship prices were shrinking. The sea freight rates in Hong Kong remained stable. The coastal bulk freight index fell by 0.2 percentage points week-on-week to 1316.4 points; the coastal coal freight index closed at 1501.74 points, a drop of 0.2%, both the lowest in the recent period.
An international trade broker told this newspaper that the Baltic dry bulk freight index showed a stable downward trend throughout the first half of the year, which caused heavy confidence in the domestic and international shipping market. However, the increase in coal demand from countries such as China may boost the coal shipping market and shipping industry in the second half of the year.

After September or at the current turning point, Xing Lei, a professor at the China Coal Economic Research Center of the Central University of Finance and Economics, told the newspaper that the slight change in coal prices in August means that coal prices will rise sharply during the month. After a slight decline in coal prices in the early period, August should be More stable, rising inflection point or will appear in September.
Xing Lei said that with the decline in the international crude oil prices, the cost of coal transportation will decline; at the same time, despite the recent shortage of electricity in the five provinces under China Southern Power Grid, but the country did not appear severe high-temperature weather; The driving force for a sharp rise in prices.
Xing Lei believes that after entering September, all regions began to enter the winter coal storage period, coal prices may usher in a turning point.