Coal prices remain bullish

Thread Content

Currently, Shanxi, Shaanxi, and Inner Mongolia are under close environmental monitoring; a large number of unqualified open-pit coal mines in these areas have been shut down. Coupled with strict regulations on coal permits, the supply of coal has significantly decreased. *Before the meeting, some coal mines will also be shut down; some bullish traders have begun to stockpile coal in advance, leading to overall price increases in the Shenfu region. 　　The nationwide safety inspections launched in September severely restricted coal mine production, while efforts to bring new production capacity online were also pursued with determination. The combination of these factors has led to uncertainty in the market for thermal coal in the coming months. 　　With the transportation of coal by road strictly prohibited in ports, the upcoming seasonal maintenance work on the Daqin Line, and the impending *meeting, it is highly likely that inventory replenishment activities on the downstream side will be completed by early October. Overall, due to the pressures faced at various stages of production and transportation, the domestic thermal coal market is expected to remain at high levels in September, with prices likely to continue rising fluctuately, according to the China Phosphorus Coal Industry Network.