According to the data from SunSirs, the price of thermal coal soared from 631 RMB/ ton on December 1, 2020 to 1,037.5 RMB/ ton on January 18, 2021, with an increase rate of 64.42%. After that, the price of thermal coal went down to 573 RMB/ ton on March 1, 2021, with a decrease rate of 44.77%. There is a large range of rise and fall. Since the beginning of March, the price of thermal coal has warmed up and started to rise. At the beginning of March, the average market price was about 573 RMB/ ton. At the end of March, the average market price was 750.75 RMB/ ton, up 31.02%.

Since the end of November 2020, the thermal coal market can be described as "rapidly changing". As can be seen from the figure below, the overall price of thermal coal in the first quarter of 2021 is higher than that in 2019 and 2021, and is far higher than that in the same period of 2019, only at the end of February and the beginning of March.

In March 2021, the price of thermal coal began to rebound. First, the inventory supply of origin decreased. Second, previously, the daily consumption of power plants in coastal areas has picked up, and the inventory has maintained a slow decline.

SunSirs analysts believe that: after the festival, industrial enterprises will resume production in an all-round way, and the demand from the chemical, cement, glass and other building materials industries will start in an all-round way. In addition, the industrial power consumption will increase, and the daily consumption of power coal will also increase. At present, the daily consumption of power plants increase, which drives the demand of power plants for thermal coal. Moreover, the sales in the production area are good, and the price of thermal coal may have a good support, and the price will rise. On the whole, the price of China thermal coal may maintain a slight upward trend, and the demand of downstream market will be taken into consideration.

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