January 10 news, the coal plate rose in the afternoon, as of press time, Pingping Coal shares closed limit, Haohua Energy, Diantou Energy, China Coal Energy, Jizhong Energy, Shanxi Coking Coal rose.
On the face of the news, it was reported in New Year's Day's pre-holiday market that Indonesia banned coal exports in January, all of which were guaranteed for power plants in Indonesia. According to several meetings of the Indonesian government after New Year's Day's festival, the coal supply of Indonesian power plants has been eased, and the export ban is expected to be relaxed. Funeng futures believe that Indonesia is the largest source of imports in China, and in the long run, after this storm, the Indonesian mining side may pay more attention to fulfilling the domestic guarantee obligations of DMO in the future. Due to the stronger domestic coal supply capacity than the international market, coupled with the impact of domestic long-term association compliance rate constraints on imports, as well as the impact of a high base of imports in 2021, thermal coal imports are expected to decline slightly in 2022. The price of imported coal is supported by overseas demand and the trend is likely to be stronger than that at home. Overall, however, the impact of the Indonesian coal supply cut in January on the Chinese market is limited.