According to the monitoring data of the Business News Agency, the price of steam coal fell first and then rose this month. The energy index stood at 1107 points on February 27, up 9 points from yesterday, down 29.08% from the highest point of 1561 points in the cycle (2021-10-21), and up 116.63% from the lowest point of 511 points on March 1, 2016. (Note: the period refers to 2011-12-01 to now)

In terms of origin, the coal mine resumed production at the beginning of the month, and the market supply increased, but the market trading atmosphere was general. The price of coal in main producing areas has declined, with the price reduction range ranging from 30-50 yuan/ton. Downstream production resumed, but steam coal was still mainly purchased on demand. The coal mine resumed production at the end of the month, and the market trading atmosphere was high. The number of coal hauling vehicles in the mine increased, and the transaction in the mine was good. In addition, an open-pit coal mine in the Inner Mongolia Autonomous Region collapsed in a large area, and the coal mine production in the later stage may become more strict, and the coal mine output may be affected.

In terms of downstream ports, the market sales at the beginning of the month were average, the market quotation declined, and the enthusiasm for taking goods at the downstream was average, and the transaction was relatively weak. The port price rose in the last ten days, and the market activity increased. The trading and investment atmosphere in the market is fair, and the demand in the downstream increases. In addition, due to the commencement of construction after the year, the demand for steam coal has also increased compared with that before, and the price of steam coal in the port has risen. However, the downstream acceptance is low, and the deviation between the actual transaction and the quotation is large.

According to the data released by the National Bureau of Statistics, among the industries above designated size in the whole year, the output of raw coal in 2022 will reach 4.56 billion tons, an increase of 10.5% over the previous year. The annual profit of industrial enterprises above designated size was 8403.9 billion yuan, down 4.0% from the previous year. The profit of the mining industry was 1557.4 billion yuan, an increase of 48.6% over the previous year..

Analysts from the Business News Agency believe that the trading atmosphere in the production area is better than before, and the demand for coal has increased after the commencement of non-electricity demand. In terms of downstream ports, the daily consumption of power plants has also increased, and the shipment of traders is fair. It is comprehensively estimated that the price of steam coal will be stronger in the later period, depending on the downstream market demand.