Daily Report on Thermal Coal of Xianrong Air Pipe【20201216】

Frequent environmental security checks at the end of the year have led to a decline in supply from major production areas. The shortage situation at the port has not changed, and inventory has plummeted. Downstream terminals maintain high daily consumption and low inventory, and replenishment is urgent. The arrival cycle of imported coal is relatively long, and the northward procurement of coastal areas further exacerbates the supply-demand contradiction in the Bohai Rim port market. Policy regulation is detrimental to market sentiment and also provides opportunities for multi order allocation.