Coal production recovery, short-term coal prices are still expected to fall

According to data released by the Bureau of Statistics, in April, raw coal production of 290 million tons, an increase of 9.9%; daily production of 9.82 million tons, an increase of 150,000 tons in March. January-April, raw coal production of 1.11 billion tons, an increase of 2.5%. Raw coal production grew faster, mainly due to lower coal production in the same period last year, compared with March daily average of only 1.5%. Sodium Molybdate

April, by the end of the heating season, reduced demand, the impact of increased supply, Qinhuangdao port coal prices have come down. The end of April, 5500 kcal coal open price of 649 yuan per ton, down 10 yuan lower than in early April; 5000 kcal 571 yuan per ton, down 37 yuan; 4500 kcal 506 yuan per ton, down 37 yuan. Bacillus thuringiensis

From the current situation, according to CCTD China Coal market network monitoring data show that Qinhuangdao port coal stocks on May 18 to 5.855 million tons, up 17.1% over the previous month, the number of stocks increased significantly. Coastal six power plant inventories have been restored to more than 12.293 million tons, the number of days available has risen to about 20 days.
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Power plants, port stocks remain high, hydropower can be expected to increase, slow down the pace of downstream procurement is expected to short-term decline in coal prices, with the summer peak of the arrival of electricity, the latter part of the price may stabilize stabilized.
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