Power coal price in Zhejiang Province decreased by 4.0% YoY

According to the monitoring system of the market of important production materials in Zhejiang Province, this week (14 March 2022 - 20 March 2022), the price of power coal of monitored sample enterprises in Zhejiang Province was RMB894.20 per tonne, down 4.0% from the previous week.

Recently, the National Development and Reform Commission has repeatedly held special meetings of the inter-ministerial coordination mechanism for the protection of coal, electricity, oil, gas and transportation, to study the extension of the supply protection policy and other related measures, to explore the implementation of new policies and new initiatives to increase production and ensure supply, and to strengthen the macro-control of the coal market, market expectations weakened and power coal prices fell.

Later domestic coal production area coal enterprises to further release production capacity, market supply or will increase, is expected in the short term power coal market price increases or will be weak oscillating operation.