According to the monitoring data of Business News Agency, the price of steam coal rose this week. The energy index stood at 1095 points on February 23, unchanged from yesterday, down 29.85% from the highest point of 1561 points in the cycle (2021-10-21), and up 114.29% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to 2011-12-01 to now)

In terms of origin, the coal mine resumed production and the market trading atmosphere continued to rise. The number of coal hauling vehicles in the mine increased, and the transaction in the mine was good. In addition, an open-pit coal mine in the Inner Mongolia Autonomous Region collapsed in a large area, and the coal mine production in the later stage may become more strict, and the coal mine output may be affected.

In terms of downstream ports, the port price rose and the market activity increased. The trading and investment atmosphere in the market is fair, and the demand in the downstream increases. In addition, due to the commencement of construction after the year, the demand for steam coal has also increased compared with that before, and the price of steam coal in the port has risen. However, the downstream acceptance is low, and the deviation between the actual transaction and the quotation is large.

According to the monitoring of the Ministry of Commerce, the national coal price fell last week (February 13-19), including 1548 yuan, 924 yuan and 1454 yuan per ton of No.2 anthracite lump coal, steam coal and coking coal, down 2.1%, 1.2% and 0.2% respectively.

Analysts from the Business News Agency believe that the production of steam coal in the production area is resumed and the trading atmosphere is better than before. In terms of downstream ports, the purchasing enthusiasm of power plants has improved, and the price of steam coal has rebounded. The number of coal hauling vehicles on the mine increased, and the market sentiment was high. It is comprehensively estimated that there is still room for the price of steam coal to rise in the later stage. However, the country pays high attention to China’s energy, so the rising space may be limited, depending on the downstream market demand.