Home » How does the coal price rebound in summer coal and electricity to ensure the supply_Anhui hotline

How does the coal price rebound in summer coal and electricity to ensure the supply_Anhui hotline

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Original title: How does the coal price rebound in summer coal and electricity to ensure the supply

Source: Beijing Commercial Daily

Beijing Business Daily (Reporter Tao Feng and Lu Yinling) The peak of electricity consumption in the summer of June is coming, and the pressure to guarantee the supply during the peak summer is also on schedule. Under the circumstance of commodity price fluctuations, can coal realize stable production and supply? The electricity load is gradually increasing. How to ensure the safe and stable operation of electricity? Recently, relevant departments and local provinces have made relevant arrangements and preparations for this.

In an interview with Xinhua News Agency on June 26, the person in charge of the Economic Operation and Regulation Bureau of the National Development and Reform Commission stated that energy supply and demand can maintain an overall balance during the summer peak this year. Arrangements have been made in advance for the upcoming summer peak. Continue to organize to increase production and supply, stabilize coal production, increase imports appropriately, strengthen coordination and dispatch, and ensure a stable supply of coal.

According to reports, since late May, the average daily supply of thermal coal has increased by about 10% compared to the previous period. At present, coal storage in the national integrated power plants has increased by more than 2 million tons compared with the end of May. Thermal coal futures prices have fallen by 100 yuan/ton from the previous high. Above, the market coal price once dropped by about RMB 150/ton.

However, after mid-June, coal prices rebounded gradually. According to data released by the National Bureau of Statistics on June 24, national coal prices rose steadily in mid-June, national coking coal prices remained stable, anthracite prices rebounded, and thermal coal prices continued to rise. Among them, the price of anthracite coal is 1,300 yuan/ton, an increase of 37.5 yuan/ton, or 3%, from the previous period; the price of ordinary blended coal is 709 yuan/ton, an increase of 10.9 yuan/ton, or 1.6%, than the previous period; the price of Shanxi mixed coal is 799 yuan/ Tons, an increase of 10.9 yuan/ton, or 1.4%, compared with the previous period.

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The “CECI Index Analysis Weekly Report” (21st issue of 2021) issued by the Office of China Thermal Coal Purchasing Price Index (CECI) also shows that due to factors such as price inversions and increased demand for downstream replenishment, the northern ports cannot be transferred in time. Inventories have been declining since the beginning of June, and Qinhuangdao Port’s inventory has remained at the level of 5 million tons. South China and other places continue to have high temperatures. Although some provinces have begun to use electricity in an orderly manner and increase the proportion of external electricity, the daily consumption of power plants has increased. Under the continuous rigid demand replenishment, the inventory has accumulated slightly. Traders’ willingness to keep prices increased, and market prices rose.

In response to recent signs of a rebound in coal prices, the relevant person in charge of the National Development and Reform Commission stated that this is mainly due to the increase in market coal quotations outside of medium and long-term contracts, and the transaction volume is small. From the perspective of reasons, it is mainly affected by factors such as the expected increase in energy demand during the peak summer and the shutdown of some coal mines. He also said, “With the growth of hydropower and solar power generation in the summer, as well as the increase in coal production and imports, the contradiction between coal supply and demand will tend to ease. It is expected that coal prices will enter a downward channel in July, and prices will drop significantly.”

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Lin Boqiang, dean of the China Energy Policy Research Institute of Xiamen University, said in an interview with a reporter from Beijing Business Daily, “It is not easy for coal prices to drop before the summer peak. If the high temperature continues in the summer, coal prices will still be difficult to come down.” He believes that now facing some environmental pressures, in this case, it is still necessary to release production capacity as much as possible to ensure supply.

According to reports, the output of large-scale coal enterprises is currently increasing steadily. The coal supply of power plants nationwide is greater than coal consumption, and coal storage is maintained at a reasonable level of about 20 days. The coal storage of power plants in the eastern coastal areas has reached the highest level in the same period in history.

Recently, the Price Department of the National Development and Reform Commission and the Price Supervision and Competition Bureau of the State Administration for Market Supervision have also jointly visited the National Coal Trading Center to conduct investigations to understand the operation of the coal market and price changes, expressing the need to investigate abnormal transactions and malicious speculation, and severely crack down on hoarding and price hikes. Violation of laws and regulations to maintain normal market order.

On June 17, when the China Coal Transportation and Marketing Association held a coal economic operation analysis symposium, it stated that large state-owned enterprises should accelerate the release of high-quality production capacity, focus on fulfilling medium and long-term contracts, and do their best to stabilize coal supply. The large state-owned enterprises also introduced that in terms of ensuring supply and price stability this year, on the one hand, they will reduce or stop issuing coal users in the market to ensure stable resources for medium and long-term contracts; In larger cases, the power industry will actively alleviate the cost pressure of thermal power companies by slowing down the increase and reducing the increase in profits.

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Many provinces and cities have successively held peak summer work meetings to deploy energy supply guarantees. In addition to power supply side guarantees, adjustments have also been made through power transmission and user side measures such as grid engineering and orderly use of electricity. It is understood that this year, the 16 peak summer power grid projects of Jiangsu Power Grid have been completed and put into operation, including 7 500 kV power grid projects and 9 220 kV power grid projects, with a cumulative increase of more than 9 million kVA of substation capacity; At the same time, Shandong Province has issued the “Province Electricity Demand Response Work Plan for 2021” to further optimize the power demand response mechanism under the power market transaction mode. New energy power generation companies, virtual power plants, user-side energy storage, adjustable loads, etc. Subjects of similar interactive resources can participate in the demand to achieve point-to-point and precise consumption of clean energy. At present, all aspects of the supply of summer protection during the peak period are ready.

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