Coal price fell slightly in April, and there is still room for decline later

Qiqihar's coal price fell slightly in April, according to the Ministry of Commerce's important means of production market monitoring system, Qiqihar's Bureau of Commerce said. In April, the average price of 5000-5500 kcal of Qiqihar power coal is 538 CNY/ton, down 5.4% month on month. Qiqihar City Bureau of Commerce said that according to the monitoring, with the relief of Qiqihar city epidemic, enterprises began to return to work and production, but the power coal consumption still did not return to normal level, leading to the decline of coal price. Coal origin end: Shandong has over capacity, 7 coal mines have been closed, 7.61 million tons of production capacity has been dissolved, industrial structure has been further optimized, and coal industry transformation has been promoted. Consumer end: the main consumers of coal in Qiqihar city are power plants and heating enterprises. April 15 is the deadline for heating enterprises to stop heating in Qiqihar city. The rapid decline of coal consumption has led to the decline of the whole market price of power coal in Qiqihar city. According to the analysis of Qiqihar Municipal Bureau of Commerce, due to the impact of the new crown epidemic, some enterprises in Qiqihar city are in low production, with less turnover and general delivery, slow growth of electricity load and daily consumption of electricity and coal, high inventory of power plants and weak purchase demand of power plants. It is expected that in the future, the price of power coal will enter the off-season of sales, and there will be a small drop in the price, depending on the downstream market demand.