On the 3rd, foreign media reported that several ships carrying Australian coal have arrived at Chinas ports to unload or wait for customs clearance. If these imported coal can enter the domestic market, the tight domestic coal supply situation may be eased.
However, the reporter of Shanghai Securities News confirmed to the coal industry that the relevant information is not accurate. At present, the relevant authorities have not allowed these ships to pass customs, and it is almost impossible for the imported coal from Australia to be allowed to pass the customs.
Shanghai Securities News reporter also learned from some coal research institutions that there have been some changes in the relevant index recently.
Fenwei Digital Information Technology Co., Ltd. announced on December 3 that due to the recent abnormal fluctuation of coal market price and the strong wait-and-see atmosphere in the market, the spot trading activity decreased significantly. In order to avoid misjudgment of price trend by market participants, CCI index team of China coal resources network decided to stop publishing three kinds of daily spot indexes, such as cci5500, from that day until the market trading resumed Normal. In addition, easy coal network has also decided to suspend the release of relevant steam coal index.
Supply and demand situation is difficult to change, coal price still has upward space
Now we are in the catharsis period of market sentiment. After calming down, investors should continue to pay attention to the customs clearance of coal imports, changes in port inventory, and whether there is a marginal improvement in the relationship between supply and demand. Yang Jie, a researcher at Yimei Research Institute, said in an interview with Shanghai Securities News that a series of macro data show that the domestic macro-economy and industrial production continue to improve, the growth rate of electricity consumption is optimistic about 8%, and the coal demand is obviously better.
According to industry estimates, the daily consumption of power plants is about 10% higher than that of the same period last year, but the peak of daily consumption has not really arrived. From the perspective of supply situation, the coal inventory of Bohai Rim port is on the low side, and the inventory of Yangtze River Estuary has reached a new low in the same period, and coal supply is still tight.
Based on the above reasons, Yang Jie believes that if the margin of supply and demand is not effectively improved, there is still a certain degree of uncertainty in the future market of coal prices, which does not rule out the possibility of continued structural market. With the increase of bad performance demon stocks, investors need to be aware that with the recent acceleration of coal prices, coupled with the concept of Pro cyclical fire, the cyclical industry plate represented by the coal plate accelerates the upward trend, and some of the targets with mediocre performance usher in a continuous surge. Taking Zhengzhou coal power as an example, as of December 2, the company has gained 8 trading limits in the recent 9 trading days, and the turnover rate is as high as 101.49%. As of the end of the 3rd, the stock continued to rise 4.66% to 4.72 yuan / share. From the dragon and tiger list data, the top five business departments that bought on that day were still mainly hot money. Editor: Lin Jian source: Shanghai Securities News Editor in charge: Zhong Qiming_ NF5619
With the recent acceleration of coal price upward, coupled with the concept of Pro cyclical fire, coal plate as the representative of the cyclical industry plate accelerated upward, part of the performance of the target ushered in a continuous surge.
Taking Zhengzhou coal power as an example, as of December 2, the company has gained 8 trading limits in the recent 9 trading days, and the turnover rate is as high as 101.49%. As of the end of the 3rd, the stock continued to rise 4.66% to 4.72 yuan / share. From the dragon and tiger list data, the top five business departments that bought on that day were still mainly hot money.