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Sinopec News: Basic demand consumption provides support, coal prices remain firm
As of April 27th, the mainstream market price for smokeless washing small blocks S0.4-0.5 in Jinzhong, Shanxi is 950-1000 yuan/ton, with the price center remaining flat compared to the same period last week.
On the supply side, new mines have been inspected and some previously inspected mines have not yet resumed production, leading to limited market coal supply; on the demand side, downstream coal chemical companies are operating profitably, maintaining high operating loads, and the demand for raw coal remains strong.
Overall, the smokeless chemical block coal market is in a tight supply and demand balance, with coal prices remaining firm. Except for medium-sized blocks, other specifications of block coal are not expected to weaken, and coal prices are more likely to rise than fall. (Zhuochuang Information)