According to the Hunan Provincial Department of Commerce’s monitoring data on the province’s production materials circulation market, in the 37th week of 2023 (September 4-10), the average coal sales price in Hunan Province was 1,076.67 yuan/ton, an increase of 0.3%, year-on-year down 10.2%. In terms of types, the average sales price of anthracite coal was 1,408.75 yuan/ton, an increase of 1.1%, and a year-on-year decrease of 12%; the average sales price of bituminous coal was 910.63 yuan/ton, a decrease of 0.4%, and a year-on-year decrease of 8.7%.
The main reasons for the rise in coal prices are: First, the supervision of coal mine safety production continued to increase in September, which restricted the release of coal mine production capacity. The coal supply side has shrunk, and the market supply of coal resources has been subject to certain restrictions; second, the peak season for non-electricity coal demand Open support for coal prices. Stimulated by various policies to stabilize the economy and promote consumption, the domestic economic situation is improving. With the arrival of the "Golden Nine and Silver Ten", the demand for coal in the steel, chemical, building materials and other industries has increased. The annual coal consumption still maintains an upward trend, which has formed a negative impact on coal prices. Support; third, international crude oil prices continue to rise, leading to a linked rise in natural gas and coal market prices.
To sum up, the current coal supply and demand relationship is tightening in stages, and it is expected that the coal market price in Hunan Province will fluctuate and strengthen next week.
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