China Coal Industry Association reported on the 16th that in the first quarter of this year, China's coal production and sales maintained a steady growth, and production and sales increased by 8.3% and 6.8% respectively.
According to the notification, the overall coal economy in the country remained stable in the first quarter. Coal production and sales increased, market demand was strong, imports fell, exports slightly increased, stocks declined slowly, and prices remained stable.
In the first quarter of this year, coal production and supply capacity continued to grow. The output of major coal-producing regions has increased substantially. After the Spring Festival, coal mines gradually entered the normal production period. Combined with the consolidation of some local resources for the production of coal mines, coal production has shown rapid growth. During the same period, the country’s raw coal output was 792 million tons, an increase of 60.59 million tons year-on-year. In addition, as some coal-railway transportation corridors are built and put into operation, bottlenecks in transport in some areas have eased and market supply capacity has increased.
In the same period, the national coal market was in strong demand and coal sales reached 760 million tons, an increase of 48.54 million tons year-on-year. From the perspective of industrial production and investment growth, the current driving force for growth in coal demand is still strong. The manufacturing purchasing managers index and manufacturing production index remain high, and the major coal-consuming industries have maintained rapid growth.
In the first quarter, coal prices were generally stable. Taking the thermal coal price in the 5500 kcal market as an example, the coal station price in the Shanbei Road Market remained basically stable. At the end of March, the price was between RMB 620 and RMB 640 per ton, a decrease of RMB 10 from the beginning of the year.
In addition, the closing price of coal in the Qinhuangdao port market declined slightly in January and February, and rebounded in late March. The price at the end of the month was between 770 yuan and 780 yuan per ton, down by 15 yuan from the beginning of the year; before the coal pick-up price in the Guangzhou port market The two months were basically stable. In March, there was a rebound. At the end of the month, the price was between 875 yuan and 890 yuan per ton, a decrease of 10 yuan from the beginning of the year.
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