How will the coal market develop next year?

At the 10th China Coal Market Summit, participating experts predicted that in 2021, coal demand will increase slightly and supply capacity will increase steadily.

"In terms of imported coal, it is estimated that coal imports this year will be 283 million tons, down 6% year-on-year.
Coal imports may continue to be suppressed in 2021, down about 5% year-on-year.
" Feng Dongbin said.

Feng Dongbin predicts that coal demand may increase slightly at a high level in 2021, and the supply capacity will increase steadily.
The delayed release of production capacity in 2020 is expected to be put into production in 2021.
Although disturbance factors at the import side are still present, the supply will continue to strengthen as a whole.
On the whole, thermal coal prices will continue to shift downward in 2021.

"Since the beginning of the year, the average CCI price has been 558.
8 yuan per ton, and the year-on-year decline has narrowed from 61 yuan per ton in 2019 to 33.
3 yuan per ton.
It is estimated that the annual average price in 2020 will be between 550 yuan and 560 yuan per ton.
The fluctuation range is between 470 yuan and 630 yuan per ton.
" Gao Mingyu said.

Transfer from: China Coal News

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