10月份，北方主要运煤港口克服大秦线检修半个多月，货源调进不足等困难，科学组织生产，加快煤炭周转，全力满足下游用煤需求，全月北方港口合计发运煤炭将达到5000万吨。其中，秦皇岛港、唐山港、天津港、黄骅港发运煤炭数量略低于9月份，但仍处于中高位。

In October,The north main coal port overcome daqin line maintenance for more than half a month,Supply the deficiency of moved into difficulties,Science organization production,Speed up the turnover of coal,To fulfill the downstream demand with coal,The whole month total northern port shipment will reach 50 million tons of coal.the,Qinhuangdao port/Tangshan port/Tianjin port/Ship three coal quantity slightly lower than in September,But still is in the high.

    煤炭运输表现平淡

    Coal transportation performance insipid

　　10月份，沿海煤炭运输繁忙程度较9月份相比有所降温，呈现不温不火的态势，表现在北方港口煤炭进出数量平衡，检修期间港口库存略有下降；港口发运数量比上月高峰时有所减少，但仍处于中高位；下游电厂存煤已经爆满，但考虑到冬季耗煤高峰就要到来以及可能出现的恶劣天气影响，仍维持一定数量船舶保持南北航线进行刚性拉运。

In October,Coastal coal transportation busy degree is compared in September has cooled,Present tepid situation,Performance in the north port coal quantity in and out of balance,During repair port stock declined slightly;Port shipment quantity than last month when the peak has decreased,But still is in the high;Downstream save coal power plant has been full,But considering the winter coal consumption peak to come and possible bad weather,Still maintain a certain amount of ship keep north and south route for rigid roping.

　　大秦线集中修于10月8日开始，20日结束，共13天，21、22日和25、26连续四天开“小天窗”，实际检修时间为17天，在一定程度上影响了北方港口的货源调进，造成秦皇岛港、京唐港存煤数量快速回落。煤炭价格方面，尽管港口库存回落，但受下游电厂库存高位，经济下行压力大，电厂耗煤和发电量增幅不大等因素影响，煤炭价格上调幅度不大。10月，环渤海港口中低热值煤种纷纷上调了10元/吨左右。

Concentrated repair daqin line on October 8 start,20 end,A total of 13 days,The 21st/22 and 25/26 for four consecutive days open"Small skylight",The actual repair time for 17 days,To a certain extent, affected the north port moved into source,Qinhuangdao port caused by/The number of jingtang save coal fell back quickly.Coal price,Although port stock dropped,But by the lower power plant high inventory,Economic downward pressure,Power plant coal consumption and increase the impact of factors such as the capacity is,Coal price rise is not big.October,Bohai sea port of low calorific value coal have raised 10 yuan/tons.

    煤炭需求缘何不振

    Coal demand of grades

　　今年以来，煤炭需求不振，表现在：固定资产投资增速继续放缓，出口增长乏力，工业生产增速不断回落，经济下行压力始终不减，出口拉动经济增长的“三驾马车”一改过去数年间迅猛增长的势头，增速不同程度放缓；制造业采购经理人指数、社会用电量等其他一些指标也表明，中国经济总体需求不振，下行压力明显，虽然9月初有关部门又集中审批核准了一批基建项目，但受融资难度加大、天气转凉等因素影响，短期内项目或难以取得切实进展，电力、钢材、水泥等下游产品需求整体仍呈低迷态势，,10月份煤炭实际需求增量不大，煤价回升缺乏基础。

Since this year,Coal demand of,Performance in:Fixed asset investment growth continued to slow,Export growth lack of power,Industrial production growth dropped continuously,Economic downward pressure is always not reduced,Exports of economic growth"troika"Change the past few years the rapid growth momentum,Growth slowdown in different degree;Manufacturing purchasing managers' index/Social electricity use, and other indicators show that,China's economy of overall demand,Downward pressure obviously,Although early September relevant departments of examination and approval and concentrated approved a batch of infrastructure projects,But the financing difficulty increase/The impact of factors such as the weather turns cool,In the short term project or difficult to obtain practical progress,power/steel/Cement and downstream products demand is still weak overall situation,,October coal actual demand increment is not big,Lack of basic prices rebounded.

    电厂库存处于高位

    Power plant inventories in high

　　迎峰度夏末期，电厂煤炭库存出现了一定回落，但夏季用煤高峰已过，电厂库存再涨，整体仍处于历史较高水平，全社会库存也处于高位。目前，全国煤炭社会库存达到2.87亿吨，比上月略有回落，但仍处于高位。另据数据显示，截至10月20日，全国重点电厂煤炭库存合计9375万吨，存煤可用天数为31天，全社会和直供电厂的煤炭库存双双处于高位。数据显示，10月底，浙电、上电、粤电、国电、大唐和华能等六大集团电煤库存合计1430万吨，较8月底增加121万吨，平均可用天数25天。

Peaks at the end of summer period,Power plant coal inventory appeared must fall,But summer with coal peak has passed,Power plant stock go up again,The overall is still in history a higher level,The whole society inventory is also high.At present,The national coal social inventory reached 287 million tons,Last month fell slightly,But remains high.According to another data display,As of October 20,,National key power plant coal inventory amount to 93.75 million tons,Save coal days available for 31 days,The whole society and direct power plant coal inventory both high.Data display,The end of October,ZheDian/Power on/Guangdong electric/guodian/Datang and huaneng and so on six big group electric coal inventory amount to 14.3 million tons,A late August increase of 1.The 21st million tons,The average number of available 25 days.

　　从夏季开始，重点电厂存煤始终在高位，7月10日达到8982万吨，存煤可用天数达26天。8月份，夏季用煤高峰，电厂日耗普遍提高，存煤小幅下降；8月底，全国重点电厂存煤降至8464万吨。从9月份开始，随着天气转凉，空调用电负荷下降，民用电减少，重点电厂库存又开始呈现增加态势，截至9月30日，全国重点电厂存煤再次超过9000万吨，达到9032万吨；到10月10日，重点电厂存煤更是达到9275万吨，华东电网和广东电网存煤分别达到22天和29天。下游沿海电厂日耗偏低，存煤可用天数达到25天的高位水平，影响后续煤炭采购热情。

From the summer began to,Key power plant save coal always in high,July 10 to 89.82 million tons,Save coal available days up to 26 days.In August,The summer peak coal,Power plant, general improvement consumption,Save coal fell slightly;The end of August,National key power plant save coal drop to 84.64 million tons.Starts in September,As the weather turns cool,Air conditioning load down,MinYongDian reduce,Key power plant stock began to present the increasing situation,By September 30,,National key save coal power plant to more than 90 million tons,Up to 90.32 million tons;Until October 10,,Key power plant coal deposit is reached 92.75 million tons,East China power grid and the guangdong power grid save coal reached 22 days and 29 days.Downstream coastal power plants, low consumption,Save coal available days to 25 days of high level,Influence subsequent coal purchase enthusiasm.

    港口未出现大面积压船现象

    Port does not appear large delay unloading a ship phenomenon

　　北方各港口煤炭调进减少，而装船外运保持中高位，进煤数量少于外运数量，造成港口库存快速回落。检修开始后，港口依靠检修前一定的库存和检修开始后一定数量的进车，保证了装船需要，满足了下游用煤需求。截止10月28日，北方五港(秦皇岛、国投京唐、京唐港、曹妃甸港、天津港)合计存煤1397万吨，比检修前略有减少；尽管铁路检修，煤炭调进不足，恶劣天气、造成多次封航，使港口装船效率略受影响，但北方各港口锚地未出现大面积压船现象，说明了需求的不足。

The north ports moved into reduce coal,And shipping outbound keep high in,Into the coal amount less than outbound quantity,Cause port stock fell back quickly.Repair after the start of,Port rely on overhaul repair former certain inventory and maintenance after the start of a certain number of into the car,Ensure the shipping needs,Meet the downstream demand with coal.By October 28,,North port of five(qinhuangdao/International trust &investment jing tang/jingtang/Caofeidian port/Tianjin port)Total save coal 13.97 million tons,Before than repair slightly reduced;Although railway maintenance,Coal insufficient moved into,Bad weather/Cause multiple closure of navigation,Make port of loading efficiency slightly affected,But the north anchorage ports does not appear large delay unloading a ship phenomenon,Explain the lack of demand.