Ningxia coal prices drop in fourth week of May

According to the market operation monitoring system of Ningxia Hui Autonomous Region, this week (May 22-May 28), the coal price in Ningxia was 1016.7 yuan/ton, a decrease of 7.9%. Among them, steam coal (calorific value 5000-5500 kcal) was flat, and coking coal decreased by 10%. Since the beginning of this year, various parties have promoted the work of increasing coal production and ensuring supply. The output has increased, the market supply has been abundant, and the superimposed economic operation has slowly recovered. The demand for coal downstream industries has fallen, and prices have fallen. With the continuous efforts of the domestic coal production increase and supply guarantee policy, and the increase in the number of imported coal, it is expected that the coal price in Ningxia will run stably at the current price in the later period, with little room for rebound.