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The 12bet online betting market’s “depending on the weather” is here!
Source: CCTD China 12bet online betting Market Network Author: Time: 2024-06-13 09:52 Views: 331 times

Recently, the daily consumption of downstream power plants has been running at a low level, inventories have accumulated, and the enthusiasm for market 12bet online betting procurement is not high. As the peak season is approaching, and coupled with high cost support, most traders' quotations have remained stable, and individual quotations have been slightly lowered.

As of June 12, the "CCTD Bohai Rim Thermal 12bet online betting Spot Reference Price" three specifications of 5500K, 5000K, and 4500K closed at 878, 778, and 682 yuan/ton respectively, down 1, 1, and 0 yuan respectively on a daily basis. /ton.

What are the factors affecting the 12bet online betting market trend in mid-to-late June?

1. The impact of weather factors on market trends is becoming increasingly obvious

In mid-June, it continues to be rainy in Jiangnan, South China and Southwest China, and the cumulative precipitation is 30-70% higher than the same period in normal years. Daily consumption of coastal terminals will continue to be low, inventories may continue to rise, and the market's wait-and-see sentiment still dominates;

In late June, as the weather in most coastal cities turns fine and temperatures rise, terminal daily consumption may rebound from low levels, and their enthusiasm for purchasing market 12bet online betting may increase, and the trading activity in the 12bet online betting market will increase accordingly.

2. Inventories in intermediate links continue to rise

Data monitored by CCTD China 12bet online betting Market Network shows that the current 12bet online betting inventory in northern ports is close to 26 million tons, which is at a high level during the year. However, the number of ships in the anchorage is only about 60. With weak shipping demand, it is expected that in the short term, the northern ports will Inventories remain high.

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3. The scale of hydropower and new energy power generation and consumption is expected to gradually expand

Recently, relevant national departments have actively promoted new energy consumption. First, according to the "Notice on Doing a Good Job in New Energy Consumption to Ensure the High-Quality Development of New Energy" issued by the National Energy Administration, the construction of new energy supporting power grid projects will be accelerated in the future and new energy consumption monitoring, analysis and supervision will be carried out on a regular basis.

4. Many traditional manufacturing factories in coastal areas have suspended production or closed down

Since May, due to factors such as rising costs, reduced overseas orders, and industrial upgrading, many traditional manufacturing factories in coastal areas have successively announced the suspension of production or closure. In the future, the demand for electricity and 12bet online betting in the manufacturing industry will subsequently weaken.

To sum up, in mid-June, the 12bet online betting market will continue to see strong supply and weak demand, and 12bet online betting prices will fluctuate downward. Continuous rainy weather will cause power plants in coastal areas to operate at low daily consumption, and inventories may continue to rise. In addition, inventory at various ports is high, and power plants may be less enthusiastic about purchasing market 12bet online betting. At the same time, many traditional manufacturing factories in coastal areas have closed or stopped production, and late-stage manufacturing

★ What needs to be focused on is that the output of hydropower this year is significantly better than last year, and policies encourage the consumption of new energy. The demand for thermal power will be more obviously squeezed. During this year's "peak summer" period, the thermal 12bet online betting market may It is difficult to have a big rise in the market.


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