According to the Hunan Provincial Department of Commerce's monitoring data on the circulation market of means of production in the province, in the 22nd week of 2023 (May 22-28), the average sales price of coal in Hunan Province was 1,116 yuan/ton, down 0.9%, year-on-year down 8.7%. In terms of varieties, the average sales price of anthracite was 1,429.5 yuan/ton, down 1%, and 14% year-on-year; the average sales price of bituminous coal was 959.25 yuan/ton, down 0.9%, and 4.4% year-on-year.
Since 2023, under the influence of factors such as the continuation of the policy of increasing production, ensuring supply and stabilizing prices in the coal industry, the substantial increase in coal imports, and the vigorous promotion of new energy sources, the domestic coal supply has continued to improve, coal inventories have continued to rise, and coal prices have gradually become more reasonable Interval regression. The province's coal market price has fallen for eight consecutive weeks, with a cumulative decline of 8.4%. The province's coal market guarantee capacity is constantly improving, and the supply is stable. The state-owned coal mines are mainly cashed in long-term agreements, with stable production and high output. The overall sales of other coal mines are sluggish. The downstream gradually slows down the speed of replenishment.
It is worth noting that, with the approaching peak summer market, the growth rate of electricity consumption will be significantly accelerated, some power plants will increase their purchases, coal demand will be supported, and there is limited room for a sharp drop in coal prices. It is expected that the price of coal market in the province will stop falling and stabilize next week.
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