The trend of the coal market in August was that it fell at the beginning of the month, stabilized in the middle of the month, and rose at the end of the month. Although the rise and fall of most coal varieties were not significant, that was what most people called the shock.

Now it is the end of the month again. As usual, I will summarize some coal traders' views on the market and share them with you.

With the trend of coal price falling from the beginning of August to the end of the month, coal began to rise, which affected the market sentiment of coal traders.

Remember that many people did not dump coal to travel a month ago?

The current coal traders have returned to their business, and the market sentiment of the traders is recovering, from pessimism at the beginning of the month to wait-and-see.

At present, the attitude of coal traders is to wait and see.

Many traders complain that the new contract price is too low.

Whether it is a power plant, a chemical plant, a steel plant or a cement plant, the current contract price for September is relatively low (or the price given by the downstream is lower than the increase of the coal price in the previous period).

In other words, the downstream terminal manufacturers are pressing the coal price.

The coal traders sandwiched between the upstream and downstream are not sure how the coal market will go next.

The coal price has risen since late August, and it is uncertain how long such a high price will last.

What if the price of coal is high?

If the market changes, the time point of change is uncertain, so everyone is watching.

In addition to the wait-and-see attitude, the most talked about is the uncertain factors affecting the coal market.

For example, an epidemic or a rainstorm.

In recent days, Shaanxi and Shanxi, two major coal producing provinces, have seen sporadic outbreaks or outbreaks in certain regions.

Previous experience tells us that the epidemic situation is controllable, the time is long, and the impact on coal production is small, but the major impact is the efficiency of coal transportation.

In other words, the epidemic may lead to poor transportation, which will support the coal price.

With a wait-and-see attitude and possible uncertainties, we are now cautious in doing business, but also more prudent.

For example, the coal mine can guarantee the supply without worrying about the market. It is a meticulous job to obtain the coal source with high cost performance, because the receiving price from the downstream is not high.

At the same time, it is not easy to get goods in large quantities because of supply guarantee.

So when doing business, we are more careful than before, saving costs and increasing profits.

As for the subsequent market, everyone is quite consistent. If there are no unexpected factors, it is estimated that the overall situation is stable and weak.

Reprinted from Baijia @ Small things

https://baijiahao.baidu.com/s?id=1742653818082308529&wfr=spider&for=pc