Coal Mine in Shaanxi and Inner Mongolia, starting this week, the coal prices of major coal mines in the production area have shown a downward trend, and the number of coal mines has increased. Many private mines have started a price adjustment mode, with a decrease of between 20-60 yuan. In addition, Yijin Holo Banner investigates and rectifies all coal washing and preparatory yards and container stations, strictly reviews the enterprise approval procedures, and conducts a major inspection of production safety hazards. The number of traders who have cleared the inventory of major loose coal yards and began to "sell goods" during the New Year. In the later stage, the coal supply in the market will increase, and coal prices may be under pressure.
Erjing coal and simmered coal in Shenshan and Baofu Road in Inner Mongolia began to accelerate the price reduction, and many Erjing began to fall back to the 900 yuan range, and the decline in Yuyang, Shaanxi also increased significantly. The overall sales performance of Shaanxi-Mongolia coal mines started to be average this week. In addition, those who have no orders in the southern downstream factories have been going home on holidays one after another, and civilian thermal coal for the north have been purchased in full.
As the countdown for the Spring Festival is approaching, traders said they cannot stock up in large quantities like in previous years. In the later period, the pessimism of the coal market has escalated. Coupled with uncertainties such as policy pressure and economic depression, the time for resumption of work and production, power plants have a stable supply of coal. Based on this, it is inferred that there is still room for to pull back and in the later price.
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