It will take some time for the coal industry to resume production

According to the data previously released by the coal department of the national energy administration, by the end of February, the three major coal producing provinces of Shanxi, Inner Mongolia and Shaanxi had achieved the phased goal, with the recovery rate of coal production capacity of central enterprises exceeding 95%. In the rumble of coal mining, the rolling "Wujin" was transferred from underground to a coal bunker with a long belt. Since the first main shaft and the first batch of shearers were put into operation after Spring Festival, the daily production of commercial coal has reached 220000 tons, and Lu'an Group, a Shanxi coal enterprise, has resumed production for 59 days. "Although this data is not very different from that before the outbreak, it is very precious in a special period." Lu'an Group unit head said that since the resumption of work and production, the company's coal production has increased step by step. So far, all units of Lu'an Group have resumed work with a return of 100%. According to the data previously released by the coal department of the national energy administration, only by the end of February, Shanxi, Inner Mongolia and Shaanxi, three major coal producing provinces, had achieved the phased goal, with the recovery rate of coal production capacity of central enterprises exceeding 95%. Xiegou Coal Mine of Xishan Coal Power Group is one of the first coal enterprises to resume production during the period of epidemic prevention, with an annual production capacity of 15 million tons, which will resume production during the Spring Festival.

The remaining eight major production mines will resume production on the third day of the first month. From March 1 to 22 alone, Xishan coal power group delivered 2.73 million tons of coal, an average of 124000 tons per day, of which 2.2 million tons were delivered by railway, loading 1425 trucks per day, a new record. Xishan Coal and power group said that the coal industry is a labor-intensive industry, affected by the epidemic, many units are facing the employment problem that migrant workers can not arrive on time. However, the company's continuous intelligent construction eases this problem. Shaanxi coal group also benefits from intelligent buildings. Relying on the information construction achievements of intelligent mine, digital workshop and intelligent factory, Shaanxi coal industry group has optimized production organization, reduced personnel concentration and improved production efficiency. The daily output of coal has reached 540000 tons. However, although production has resumed and coal resources have increased, downstream demand has been sluggish. A coal trader in Qinhuangdao told the Shanghai stock exchange that local coal prices are currently below 15% of the coal index. The stock of power plants is relatively high. The number of days to store coal is 27 and 28. In addition, many power plants imported a lot of coal in January and February. Now they are digesting their coal reserves.

There are few coal carriers going north, and the demand for coal is not ideal. Zhao Jing, a coal analyst with China coal resources network, said that as of March 30, the price of coal in Sanxi, the main production area of Weifen power coal, was estimated to be between 320 yuan and 370 yuan per ton, down about 65 yuan in March. Zhao Jing believes that, in general, affected by the epidemic, the internal and external environment is complex and changeable, the demand growth slows down, the market worries about the downward trend of coal price, and the price competition of homogeneous resources intensifies. According to Wu Jinglin, a coal analyst at Ordos coal network, the spread of the overseas epidemic and the closure of Customs in many countries have a greater impact on the domestic coal market. Fortunately, with the improvement of the situation of domestic epidemic prevention and control, many enterprises and key construction projects have started to resume production in an all-round way, especially cement and building materials enterprises. Accelerated recovery will lead to increased demand for coal. Major economies are concerned about the rapid spread of overseas epidemics and the risk of economic recession, which will affect the relevant domestic markets. Wu Jinglin predicted that the coal market situation in May and June is expected to improve, and the port coal throughput will rebound.