Coal prices in Tianjin rose in the fourth week of July

According to Tianjin market operation monitoring data, in the fourth week of July (July 24-July 30), the average price of coal in Tianjin was 717 yuan/ton, a month-on-month increase of 0.1%. It is currently the midsummer season, and the demand for terminals continues to expand seasonally. As the main energy source for power generation, coal purchases by power plants should still be guaranteed. Overseas coking coal prices have risen, domestic and international sea freight rates have weakened month-on-month, and coal imports have increased. In the domestic market, the supply guarantee continued during the summer peak season, and the overall coal production grew steadily. Last week, on the supply side, the supply from the origin remained stable, and the import volume remained high, and the overall situation was relatively loose. On the demand side, affected by the weak real estate in the downstream, it is difficult for the operating rate of steel to increase significantly. It is expected that the demand for coking coal will be weak, and the price of coking coal will hardly rise significantly. However, considering the subsequent stable growth environment, the progress of special bond issuance is expected to speed up, infrastructure demand is expected to support downstream steel demand, and coking coal prices are expected to be stable in the medium term.