Recently, under the government's series of measures, from the pit to the port, the theme of the price of thermal coal is still down-down-down. However, there are signs of temporary stabilization in the past two days, and coal prices will not drop.

According to today’s think tank analysis, one of the main reasons is that the cold wave hits, the daily consumption of power plants has increased, and the demand remains at a high level. The current cold wave from northwest to southeast has a wide range of impact, long duration, and drastic cooling, which has led to a rapid rise in the daily consumption of power plants. Affected by this, whether it is pithead power plants or direct and off-water coal power plants, the demand for procurement and stocking is released in stages. In addition, there is a high probability of extreme weather in La Nina this year, and power plants are also planning to raise inventory.


It should be said that during this period of time, the power plant's accumulation of warehouses has performed well. According to monitoring, on November 3, 112 million tons of coal was stored in power plants nationwide, and the available days reached 20 days, reaching a normal level throughout the year. Among them, the power plants in the three provinces of Northeast China can store coal for 32 days, the "two lakes and one river" can store coal for 25 days, and Guangdong, Guangxi, Guizhou, Yunnan and other provinces can store coal for more than 20 days.

In addition, in the recent period, as the increase in coal production and supply continues to advance, coal production continues to be at a high level. According to scheduling data released by the National Development and Reform Commission, daily coal production reached 11.885 million tons on November 4, a new high in recent years, an increase of 165,000 tons from the previous peak. Since November, the country’s average daily output of coal has reached 11.53 million tons, an increase of more than 800,000 tons from the beginning of October; Shanxi’s average daily output is 3.49 million tons, an increase of 220,000 tons from the beginning of October; An increase of 420,000 tons at the beginning of the month. According to the current growth trend of coal production, the daily output is expected to exceed 12 million tons in the near future.

On the whole, with the continuous heating of northern regions and the sprinting of annual production tasks across the country, energy demand remains high. In particular, a new wave of strong cold air is ready to go. At present, heating has been turned on in many parts of northern my country, some more than half a month in advance. Faced with the complex and severe energy supply situation, all parties are also taking various measures to ensure the smooth operation of the heating season.

Today’s think tank believes that it is necessary to further tap the potential for increasing production and increase the supply of thermal coal through multiple channels. The current output is high, and demand is also high. The tight balance between supply and demand has eased, but it has only reached the same period of previous years. It is necessary to change supply and demand. Contradictions, all parties have to work harder.