November 11, CCTD Thermal Coal Index: 5500CV, 822 RMB/ton (+5); 5000CV, 730 RMB/ton (+5); 4500CV, 637 RMB/ton (+4).
PriceSeek Analysis
Thermal Coal, Bull-Bear Score: 1.5
Analysis Content: The article shows that the CCTD thermal coal index rose across the board on November 11. Specifically, the 5500CV price increased by 5 RMB/ton to 822 RMB/ton, the 5000CV price increased by 5 RMB/ton to 730 RMB/ton, and the 4500CV price increased by 4 RMB/ton to 637 RMB/ton. This uniform increase across multiple calorific value grades indicates tight supply and demand in the spot market, with strong support from the demand side, primarily driven by factors such as increased winter heating demand or localized tightening on the supply side. The upward price trend constitutes a significant positive for the spot market, potentially boosting market sentiment and increasing short-term trading activity. The analysis regarding the futures market is inferred from the spot trend but does not involve specific data. Comprehensive assessment suggests this data reflects an improvement in market fundamentals, providing strong support for thermal coal prices. However, as the increase is not at an extreme event level, the score is 1.5 (between generally positive and significantly positive).
[Principle of Formula Pricing for Commodities] The SCC (Scienter Commodity Price) Benchmark Price is a transaction guidance price generated based on big price data and the SCC price model, also known as the SCC Price. It can be used to determine the settlement price for the following two needs:
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Settlement price for a specified date.
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Average settlement price for a specified period.
Pricing Formula: Settlement Price = SCC Benchmark Price × K + C
K: Adjustment coefficient, includes factors such as account period cost.
C: Premium/Discount, includes factors such as logistics costs, brand price differences, regional price differences.
