1、 Price trend

According to the monitoring data of business agency, the average market price at the beginning of the week was about 1111.25 yuan / ton, and the average market price at the weekend was about 1157.5 yuan / ton, with a price increase of 4.16% and a year-on-year increase of 108.28%. On September 5, the thermal coal commodity index was 139.46, which was the same as yesterday, hitting a record high in the cycle, up 211.99% from the lowest point of 44.70 on January 20, 2016（ Note: period refers to the period from September 1, 2011 to now)

Origin: the coal supply in the origin has improved. The sales of coal mines in the main origin is good. The number of coal vehicles on the mine is not reduced, and most of them are produced and sold immediately. Affected by environmental protection, and although at the beginning of the month, the coal management ticket of the coal mine is sufficient and the output has increased, the supply is still in a tight situation. Data from downstream power plants show that the inventory of power plants has decreased, and coastal power plants hold a wait-and-see attitude towards high price coal. Due to the weather, the peak power consumption of the power plant has passed, and the daily consumption shows a downward trend, but the inventory of the power plant is still at a low value, and the demand for replenishment is still increasing. Moreover, although the high price power plant is in a state of conflict, the users who just need it have to accept the current price.

According to the data released by the National Bureau of statistics on August 24, the national coal price rose steadily in mid August. The specific price changes of each coal are as follows: the price of anthracite (washing medium block, volatile ≤ 8%) is 1521.3 yuan / ton, an increase of 74.2 yuan / ton or 5.1% over the previous period. The price of ordinary mixed coal (mixed coal of Shanxi pulverized coal and lump coal, with calorific value of 4500 kcal) is 775 yuan / ton, which is the same as that in the previous period. The price of Shanxi Dahui (mixed coal with good quality and calorific value of 5000 kcal) is 865 yuan / ton, which is the same as that in the previous period. The price of Shanxi Youhun (high-quality mixed coal with calorific value of 5500 kcal) is 945 yuan / ton, which is the same as that in the previous period. The price of Datong blended coal (Datong blended coal with calorific value of 5800 kcal) is 970 yuan / ton, which is the same as that in the previous period. The price of coking coal (main coking coal, sulfur content < 1%) was 2525 yuan / ton, an increase of 225 yuan / ton or 9.8% over the previous period. The above data show that in mid August, the prices of coking coal and anthracite continued to rise sharply, and the price of thermal coal stabilized.

Business analysts believe that due to the weather, the peak power consumption of the power plant has passed, and the daily consumption shows a downward trend, but the inventory of the power plant is still at a low value, and the demand for replenishment is still increasing. Moreover, although the high price power plant is in a state of conflict, the users who just need it have to accept the current price. It is comprehensively estimated that in the later stage, the power coal is still strong, depending on the downstream market demand.