According to Tianjin market operation monitoring data, in the fifth week of August (August 28-September 3), the average coal price in Tianjin was 715 yuan/ton, which was the same as the previous month. Recently, coal prices will plummet when the off-season for electricity consumption comes. The long-term cooperative mechanism makes the demand for thermal coal basically independent of the spot market. The weakening of demand has basically no impact on spot purchases. However, the contraction of the supply side and the actual non-electricity demand for spot coal purchases are about to Entering the peak season, coal prices have risen unexpectedly and the follow-up momentum is still sufficient. From a fundamental point of view, the current domestic production has peaked, the advantage of overseas coal prices has weakened, and the supply side is expected to continue to tighten under stricter safety inspections; coal consumption of power plants weakened in September, but it has no impact on spot coal purchases, while actual spot purchases non-electricity demand will enter the peak season, and the tight balance between coal supply and demand in the market will stimulate an upward trend in coal prices.
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