Industry analysts believe that, considering the recent industrial enterprises to start construction, Daqin line maintenance is on the way, and coal prices have been at a low point in recent years, the coal market will stop falling and stabilize in the short term, but downward pressure still exists.

On March 23, the latest China Taiyuan coal trading price index was 79.98 points, down 0.22 points from the previous period, and fell below 80 points for the first time, setting a new low since the index was released. Downstream purchase demand is significantly lower than the same period last year, which is the main reason for the decline in the index.

At the same time that the coal price of the main producing area fell to the bottom, the port coal price was only 4 yuan/ton lower than the bottom of last year. On March 18, the Bohai Sea Thermal Coal Price Index closed at 482 yuan / ton, hitting a "ten losing streak" during the year, a cumulative drop of 43 yuan / ton. The overall downward trend in thermal coal prices in coastal areas has increased.

According to the analysis, since March, the “preferential policies” introduced by large coal enterprises such as Shenhua, Tongmei and China Coal have not improved the coal demand situation, but have further lowered the coal market expectations. Up to now, the "very good" results of large coal companies since August last year have almost disappeared.

Market analyst Li Ting pointed out that the current coal price has been at a low point in recent years, and the short-term downside momentum has been greatly weakened. Beginning in the second half of March, coal demand will improve overall as factory companies resume production. For thermal coal, the maintenance of Daqin Railway in April is just around the corner, and the pressure on port stocks is expected to ease.

Li Ting believes that the coal market will stabilize in the short term, but the downward pressure still exists. Excessive coal supply and insufficient demand are the main reasons for the downturn in the coal market. Simply cutting prices will not increase demand. It is imperative to promote the deep adjustment and integration of the coal industry, resolutely stop the illegal, illegal and super-capacity production of coal mines, so that the market supply and demand gradually become basically balanced.

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