Port inventory continues to operate at a low level. There is no market for coal in the market.

In terms of ports, the inventory in Beigang has remained low recently, and there is still a shortage of high-quality resources in the market. China's ports around the Bohai Sea have a total of 18.17 million tons of coal, down 420000 tons from a week ago. Imported coal has been relaxed, and some new foreign coal has entered the domestic market one after another, but due to the strong downstream demand, a small amount of imported coal has limited relief to the tight supply pattern of the domestic coal market, and it is expected that domestic coal prices will still have support in the short term.

Towards the end of the year, the safety inspection of the producing area is strict, and the coal mines that complete the annual production tasks begin to reduce production and stop production to ensure safety, while the production capacity is further shrinking, while the number of coal-pulling vehicles is increasing, and the coal supply is relatively limited; in the first half of the month, coal prices in various producing areas have risen by 80-115 yuan per ton, and they are still continuing the upward momentum. At the same time, the enthusiasm of southern users for procurement and transportation is not reduced, the inventory of northern ports remains low, and the effect of accumulation is not as expected; the overall supply of goods in coastal coal cities is tight, and the quotation continues to rise.

This week (December 14-20), the number of anchor ships under the northern ports continued to increase. At present, there are a total of 205 anchor ships in the ten major coal ports around the Bohai Sea, 20 more than a week ago. Most of the coal-pulling ships are maintaining the coal transport of the Changsha Association, while a small amount of coal is traded in the high-price market, and the spot price runs in the high range and rises slightly. Downstream, it is the peak season for coal consumption, the inventory of power plants is low compared with the same period last year, while consumption is accelerating, and the number of days available for coal storage in power plants is expected to continue to decrease; the pressure on market supply in the second half of this month and January next year is expected to further increase. Judging from the situation of coal storage in the ports around the Bohai Sea, the situation of high-quality and low-sulfur coal continues to be scarce, traders hesitate to sell goods, and the situation of structural shortage in the market is difficult to change in a short period of time. On the other hand, the inventories of various ports in the river have also reached an all-time low, with fewer marketable resources and chaotic coal quotations in the market; driven by high quotations, the actual transaction is limited and there is no market.

Since the beginning of winter, with the re-attack of cold air, the national temperature has dropped obviously, and the daily consumption of power plants has rebounded seasonally; coupled with the accelerated economic recovery, the rapid growth of electricity demand in China's secondary industry, and the acceleration of key projects, the heat of economic vitality continues to rise. On the other hand, hydropower weakens, UHV power transmission decreases, the demand for coal-fired electricity in coastal areas continues to increase, and the market replenishment is more active. In addition, the non-electricity industry is still in the peak period of production, the consumption of users' inventory is accelerated, and the demand for replenishment of power plants continues to be released. At the same time, the high inventory of key power plants has declined, and under the overall market supply and demand pattern of internal and external shortage, domestic coal prices continue to be strong.

Recently, with the introduction of price-limited procurement by e-commerce enterprises and power restriction policies in some areas, the mood and operation of all parties are more cautious, and the follow-up market needs to pay attention to the policy side and the actual supply and demand situation, as well as the impact on prices.