Coal prices in Tianjin fell in the third week of August

According to Tianjin market operation monitoring data, in the third week of August (August 14-August 20), the average price of coal in Tianjin was 716 yuan/ton, a month-on-month decrease of 0.3%. Last week, the coal mines in the main production areas were in normal production, and the import volume of foreign trade coal improved month-on-month. On the demand side, as the peak season draws to a close, power plants have limited power to further increase their daily coal consumption, and due to the impact of multiple rounds of typhoons, the intensity and duration of high temperatures in China this year are not as good as last year's, showing that the daily coal consumption of power plants is lower than last year. Low. In addition, with the increase of domestic rainfall, the situation of water flow in the Yangtze River Basin has further improved, and the substitution effect of hydropower on thermal power has gradually strengthened, further weakening the demand for thermal coal. The dog days are coming to an end, but the absolute inventory of thermal coal remains high, and the pressure on the superimposed supply side continues. The atmosphere of the coal market continues to be pessimistic. It is expected that the port coal price will remain weak.