Hope that the overall price of power coal will decline

Today the sales situation of Yulin mines is general, coal prices are running steadily as a whole, and the price of washed coal in Shenmu Dabianyao Coal Mine has been lowered by 10 CNY/ton. Due to the recent slowdown in downstream procurement, the current Yulin mine stocks are high, after 26 days, Shenmu Coal Mine will re-collect the coal pipe ticket, supply increases, short-term coal prices continue to bear pressure. According to another source, in the recent joint submission of the six major power generation groups, the NDRC has proposed two alternative paths to the coal mine side: one is to reduce the annual long association price from 535 CNY/ton to 520 CNY/ton; the other is to reduce the monthly long association price of power coal to yellow interval, that is, to reduce the price of 5500 Ka power coal around Bohai Port to 600 CNY/ton. It's less than RMB/ton. Faced with the recommendations of the Development and Reform Commission, the relevant coal enterprises are currently discussing, and large state-owned coal enterprises may take the lead in price reduction in the later period. According to the relevant persons, the above information is true. Moreover, the NDRC not only wants the annual long-term price and monthly long-term price to fall to the Yellow range, but also hopes that the price of power coal will fall as a whole, including the spot market price. On the port side, coal prices have been steadily rising and falling in the near future. According to CCI data on May 23, the price of 5500 kcal power coal is the same as the previous day's price. The price of 5500 kcal power coal is 617 CNY/ton, which is close to the Yellow range. At present, the stock of six coastal power plants is high, and it is expected that it will continue to decline in the short term. At present, the price of low-calorie coal in Shanxi and Inner Mongolia has declined under pressure, the price of high-calorie high-quality coal has increased slightly, and the price of Yulin coal has declined again this week, but the overall price is still at a high level, and if the coal production capacity of Yulin is not effectively released in the later period, the probability of coal price rising still exists. It is learnt that from the beginning of this year, some large coal enterprises in Yulin have tried their best to protect the port coal with low prices, but because of the shortage of coal supply in the region, coal prices continue to rise. Therefore, in order to reduce the overall coal price to a reasonable range, in addition to large-scale coal enterprises to take the lead in price reduction, the key also depends on the effective release of coal production capacity.