SunSirs: Morning Tips on the Price of China Thermal Coal on January 17

In terms of place of origin, near the Spring Festival, the market procurement intensity has been reduced; In the downstream power plant, due to the low temperature in the near future, the consumption inventory of the power plant is higher than that in the early stage. The demand for replenishment of power plants has increased. Considering that the manufacturers enter the holiday mode in mid and late January and the downstream factories have holidays, it is expected that the demand will decrease in the later stage. It is comprehensively expected that the short-term thermal coal price in China will be consolidated and operated, depending on the downstream market demand.