SMM

Yulin Municipal Development and Reform Commission news show that coal prices continue to run at a high level in July, and the average price of mixed coal is 860 yuan/mt. Recently, the global coal market demand is becoming stronger and coal prices soar as the global economy is emerging from the shadow of the pandemic. In addition, the increment of hydropower and solar power generation is limited in the late summer, and the flood disaster that Henan encountered in a thousand years further increased the demand for coal power. Zhejiang, Shanghai typhoon In-Fa also affected shipping, causing coastal coal shipping costs to continue to rise. The contradiction between the supply and demand of coal is still severe, and due to the strong demand for replenishment in the later period, the risk of rising coal prices still exists. In response to this, the government has introduced many regulatory measures to curb the rapid rise of coal prices and to reasonably release production capacity. Therefore, it is expected that coal prices will remain at the current price level in August.