According to Tianjin market operation monitoring data, in the fourth week of May (May 22-May 28), the average price of coal in Tianjin was 729 yuan/ton, which was flat from the previous month. Recently, the coal market demand has weakened, driving the market coal price to fall. Thermal coal procurement is dominated by long-term coal, and the price is relatively stable; spot coal is reasonably purchased according to the demand gap, accounting for a small proportion, which has little impact on the overall price of thermal coal procurement. Indonesian coal production areas were affected by bad weather at the end of April and early May. Continuous rainfall led to a decline in coal delivery efficiency, and some installations were delayed. The peak season of electricity consumption in summer is approaching, and under the blessing of dry weather, the performance of hydropower continues to be weak, and the coal consumption of thermal power is expected to increase. The load of thermal power plants has increased, and the requirements for coal quality have increased. Under the background of increasing production and ensuring supply, high-quality coal sources are relatively scarce, and coal sources in the market are relatively insufficient. The supply and demand pattern maintains a tight balance, and coal prices have a strong upward momentum.
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