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In March, the domestic thermal coal market reappeared in the off-season, and coal prices in the main producing areas and northern ports maintained high levels.
Coal production in main producing areas has shrunk
Data show that since mid-March, coal production in the Ordos region began to show a downward trend.
Expected strong year-on-year decline in domestic imports in March
According to data from the General Administration of Customs, my country imported 41.
According to the analysis of Zhuo Chuang Information, the import volume has dropped sharply year-on-year.
Recently, coal inventory at Qinhuangdao Port has shown a downward trend.
As of March 17, the coal inventory of power plants in the eight coastal provinces was 24.
Coal prices will remain high before the end of March
On the supply side: Shanxi's Shuozhou area has begun to strengthen the monitoring of coal mine business operations, focusing on inspections of coal mine taxation.
On the whole, it is expected that domestic thermal coal prices will continue to run at a high level before the end of March.
On the one hand, although the heating season has ended, demand expectations are relatively optimistic, and industrial power consumption continues to increase, driving the high coal consumption of coastal power plants, and there is still a purchase demand for electricity coal; on the other hand, Ordos will reappear after late March The shortage of coal tickets, coupled with strict safety inspections in Shanxi, and limited production of some mines, will cause coal output to drop slightly, and the supply side will also provide favorable support for coal prices.
Transfer from: China Taiyuan Coal Trading Center
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