Coal prices in Luoyang City Henan Province rose month-on-month in the fourth week of June

According to the data from the monitoring system of important means of production in Luoyang City, a unified platform of the business system of the Ministry of Commerce, this week (June 24-June 30), the average retail price of coal (bituminous coal) in Luoyang City was 642.5 yuan/ton, a month-on-month increase. rose 1.6%. Coal prices in Luoyang fluctuated slightly this week. Recently, the temperature has risen, the electricity load of the national grid has increased, and the thermal power generation has increased significantly. The increase in coal demand for power plants will support the stabilization of coal prices. However, the substantial increase in coal imports and insufficient expectations for alternative demand such as hydropower have increased the elasticity of coal prices in the market during the "summer peak" period or exceeded expectations. It is expected that coal prices may continue to fluctuate within a narrow range in the short term.