According to the Hunan Provincial Department of Commerce's monitoring data on the province's production means circulation market, in the 30th week of 2023 (July 17-23), the average sales price of coal in Hunan Province was 1,081.08 yuan/ton, an increase of 0.4%. down 12.2%. In terms of varieties, the average sales price of anthracite was 1397.5 yuan/ton, up 0.8%, down 16.1% year-on-year; the average sales price of bituminous coal was 922.88 yuan/ton, up 0.1%, down 9.1% year-on-year.
The coal market price in Hunan Province has risen for two consecutive weeks, with a cumulative increase of 0.5%. The main reason for the increase in coal prices this week is that the traditional peak season of the coal industry has increased demand, which supports relatively strong coal prices.
The research and judgment on the coal price trend in the later period, first, coal mine safety supervision has been strengthened, and the short-term coal supply growth is expected to be limited; second, coal imports have stabilized, and the impact on domestic coal prices has weakened; third, During the "peak summer" period, the daily coal consumption will continue to increase further.
In short, with the support of the China-Changsha Coal Association and the supplement of imported coal, the province's coal mines have strengthened their efforts to ensure supply, and the overall inventory has remained at a high level. Superimposed vigorously implementing energy conservation and carbon reduction, energy transformation and development, and hydropower output have been improved etc., which eased part of the pressure on coal demand and led to a slight rise in coal prices. It is expected that the coal market price in the province will continue to fluctuate and run strongly next week.
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