Coal prices in Tianjin fell in the fifth week of June

According to Tianjin market operation monitoring data, in the fifth week of June (June 26-July 2), the average price of coal in Tianjin was 719 yuan/ton, a month-on-month decrease of 0.3%. In terms of coal prices this week, the international terminal demand continued to be weak, and the advantage of imported coal prices reappeared. Although the prices of domestic coal production areas were loose, the previous inventory was released intensively, the pressure on production and sales weakened, and the market transactions were less, mainly long-term cooperative shipments. At the same time, the coal inventory in the northern ports has dropped significantly, and the market supply has decreased. Although the price has fluctuated, the willingness of the downstream to continue purchasing is not strong. In addition, the import substitution is sufficient, and the domestic coal price is weakly lowered. Looking forward to the second half of the year, during the summer and winter peak seasons, thermal power loads will rise as a whole, and the increase in coal consumption demand for electricity will make thermal coal supply and demand in a tight balance, and coal price support will still exist; The situation of high inventories in the middle and lower reaches is difficult to change in the short term, and coal prices are under pressure. Looking at the whole year, the supply side release is sufficient, the output continues to grow, the increase in imports is objective, and the supply and demand pattern is obvious. It is expected that the coal price center will further move down in the second half of the year.