According to the Hunan Provincial Department of Commerce's monitoring data on the province's production means circulation market, in the 16th week of 2023 (April 10-16), the average sales price of coal in Hunan Province was 1,160.08 yuan/ton, down 0.6%, year-on-year down 2.3%. In terms of varieties, the average sales price of anthracite was 1510.25 yuan/ton, down 0.5%, down 1.2% year-on-year; the average sales price of bituminous coal was 985 yuan/ton, down 0.7%, down 3.1% year-on-year.
The price of the coal market in the province has fallen for three consecutive weeks, with a cumulative decline of 5.2%. The main reasons for the decline in coal prices are: first, the coal market has sufficient inventory under the medium-term and long-term coal supply guarantee, power plants are less active in replenishing storage, and the overall market is under greater pressure; second, the energy structure is constantly being adjusted and optimized, and the proportion of coal consumption is steadily declining . In recent years, my country has vigorously developed wind power, photovoltaics, and hydropower. Positive results have been achieved in energy green and low-carbon transformation, and the substitution effect of coal has been further enhanced.
For the coal price trend in the later period, there are the following favorable factors. First, the domestic coal price has continued to fall recently, and the price gap with international coal has narrowed. The advantage of imported coal is not obvious. The peak season is approaching, and coal demand is expected to pick up. It is expected that the coal market price in the whole province will fluctuate and run strongly next week.
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