On December 17, most of the domestic futures market opened up, with thermal coal up more than 6%, coking coal up more than 4%, methanol and iron ore up more than 3%.

Institutional point of view: accidents occur frequently at the end of the year, and the surface of thermal coal rises sharply.

The main thermal coal contract rose strongly in early trading and is now up more than 6%. South China Futures said that more than 20 people were trapped in a flooding accident in Luliang, Shanxi province yesterday, and that they have made every effort to organize the rescue. Yesterday, coal stocks in the secondary market rose sharply, and the futures market 05 contract rose sharply at the same time, and the market mood improved. Near the end of the year, safety regulation tends to be tighter, so it is difficult for the supply side to maintain high growth, but production is still high.

1 in terms of origin, Inner Mongolia is relatively stable, but the market is still relatively pessimistic; Shaanxi mining area, the epidemic control is stricter, transport capacity is tight, and the demand is expected to shift to Inner Mongolia.

As for the port, it is still very deserted, the supply of high-calorie coal is less, at the same time, the amount of arrival to the port has decreased, the quotation of traders is chaotic and the transaction is very few. However, daily consumption has increased in recent days, and demand is expected to increase. On the whole, the thermal coal market is still weak, strategically wait-and-see.