International coal prices fell in the current period

With the advent of winter coal-consuming seasons in major coal-consuming countries in the world, effective demand for coal has rebounded. Since September, the international three-port coal price has maintained a relatively sustained upward trend. After nearly two months of turbulence, plus the current part Changes in the supply and demand status of coal in the region, the international coal prices fell in the current period.

As of the week of November 8, thermal coal prices in Newcastle Port of Australia closed at US$84.43/ton, down 0.16 USD/ton from the previous week, a decrease of 0.19%; and the Richard Coal thermal coal price index in South Africa closed at US$83.92/ton. Compared with the previous week, the chain fell by 2.67 US dollars / ton, a decrease of 3.08%; European ARA three coal market thermal coal price index closed at 83.69 US dollars / ton, the ring fell by 2.38 US dollars / ton the previous week, a decrease of 2.77%. The three major international coal ports have experienced a collective decline in the current period, of which the European region has maintained a relatively large decline for two consecutive weeks.

Judging from the decline in coal prices in the three major coal ports, the volatility in coal prices in Australia is relatively flat. This is mainly due to the recovery of the thermal coal market in China, which is the main importer of coal. The coal demand is relatively strong, and the demand for Japan and South Korea is relatively stable. Therefore, Under the premise that the coal fell across the board, Australia’s coal price declined slightly. In addition, due to the decline in fiscal revenue, New South Wales decided to sell the maximum coal port Newcastle lease period, which further pushed up the export price of Australian coal, exacerbating coal in the region. Enterprise operating difficulties.

In South Africa and Australia, due to the prevailing windy weather, shipments of coal to European ships were severely hampered. After the removal of windy weather, South Africa and other places recovered their export of European thermal coal. However, coal demand in coal-consuming countries in the region was weak, resulting in short-term coal supply and demand. Once again, the coal prices in South Africa and Europe are under downward pressure.

At present, the overall coal prices of the three major international ports are relatively high compared to August and September, and are all above US$80/ton. If the international coal price decline continues in the current period, coupled with the current rise in domestic demand, imported coal Or will be warmer, but the domestic coal production capacity is still surplus, whether domestic coal or imported coal, the warming period showed a slow running trend.