According to the monitoring data of the circulation market of means of production of Hunan Province by the Department of Commerce, the average sales price of coal in Hunan Province will be 1145.11 RMB/ton in the 15th week of 2023 (April 3-9), down 4.5%, or 4.4% year on year. By variety, the average sales price of anthracite is 1374 RMB/ton, down 14.2%, down 10.4% year on year; The average selling price of bituminous coal is 1030.66 RMB/ton, an increase of 3.2% and a year-on-year increase of 0.1%.

The coal market price in Hunan Province fell for two consecutive weeks, with a cumulative decline of 4.6%. This week, coal prices fell by 4.5%, and the weakness remained unchanged. The main reason for the decline in coal prices is the weakening of coal trading under the traditional off-season effect. April has entered the off-season of traditional coal consumption, with some power plants arranging routine maintenance, resulting in low daily consumption and an increase in long-term coal inventory. Despite the increase in coal consumption in industries such as steel, cement, and chemical, the overall demand for coal remains weak.

Looking into the future, the supply and demand pattern of the coal market has turned loose in the near future, and the downstream mentality is cautious. The overall price of the coal market is running in a weak downward channel. It is expected that the price of coal market in Hunan Province will continue to be stable with a slight decline next week.

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