Coal prices in Tianjin remained flat in first week of October

According to Tianjin market operation monitoring data, in the first week of October (October 2-October 8), the average coal price in Tianjin was 724 yuan/ton, which was the same as the previous month. Last week, the thermal coal production areas and port markets were stable but strong. Coking steel and coke inventories were low. The withdrawal of production capacity boosted market sentiment. Coke enterprises still have the intention to increase prices. In the short term, coke was stable but strong. Most coking coal mine inventories are still low. , the overall support is still strong. With the purchase of winter coal reserves and the release of demand for non-electricity coal during the peak construction season in autumn, the structural contradiction between supply and demand may become increasingly severe. Coal prices are expected to rise more than expected, leading to further upward trends. Thermal coal's offensive and defensive attributes have been strengthened, coal prices have bottomed out or may end early, and coal's market share is high or its valuation may be restored.