Coal prices in Ningxia dropped in April

According to the market operation monitoring system of Ningxia Hui Autonomous Region, in April, the price of coal in Ningxia was 1203.33 yuan/ton, a decrease of 9.1%, of which thermal coal decreased by 8.5%. In April, due to the continuous decline in steel prices, some steel mills began to plan maintenance and limit production, and raw material procurement was mainly based on demand, which affected coal prices to drop. In May, first, abundant rains will further increase the supply of hydropower, squeeze the coal power market, and affect coal demand; second, the continuous release of coal production capacity, the continuous increase in superimposed import scale, and sufficient market supply will comprehensively affect the decline in coal prices.