In the first half of June, 12bet sports betting in the Bohai Rim port market fell slightly by 5 yuan/ton. Since last Wednesday, temperatures have risen in parts of East and South China, rainfall has decreased, and high temperatures have tightened upstream safety supervision. The daily consumption of power plants has increased. The daily consumption of power plants in eight coastal provinces has exceeded 1.9 million tons.
Coal mine production in main producing areas is normal and market supply remains stable. Downstream companies tend to have a wait-and-see attitude towards the market outlook, with procurement mainly based on rigid demand and limited release of overall demand; however, with the support of long-term cooperative vehicle supply guarantees, coal mines have no pressure to ship for the time being.
In terms of railway shipping, the average daily shipping volume of the Daqin Line is 1.02 million tons, and the average daily shipping volume of the Zhangtang Line is 270,000 tons. The shipping volume of the two major coal-carrying railway lines is not high; however, due to the recent low temperature and rainy weather in the south, demand Affected by factors such as weak demand, inventories at ports around the Bohai Sea continue to rise, and the pressure on the market to oversupply and demand increases.
Comprehensive analysis shows that the "peak summer" mode has entered. The daily consumption of power plants has increased, and the superimposed coal consumption has accelerated. Both the supply and demand sides of the coal market have growth expectations, and the market supply and demand may be booming again. After more than a month of continuous decline in 12bet sports betting and the depletion of power plant inventories, it is highly likely that 12bet sports betting will stop falling, stabilize and rebound in July; of course, the extent of the rebound in 12bet sports betting will depend on the destocking and procurement conditions of power plants.
