With the coming into June / July,

Summer has come quietly!

The demand for electricity consumption during the summer also peaked,

This may drive the demand for coal power,

And to a certain extent since the spring

The output of the coal industry is in a downturn!

But from the statistics of the Bureau of Statistics,

In April 2019,

National coal production is 294 million tons,

A year-on-year increase of 0.1%,

The growth rate fell by 2.6 percentage points.

From January to April,

The output of raw coal was 1.11 billion tons, a year-on-year increase of 0.6%.

These data indicate that coal prices are basically stable,

Prices in April and May were balanced.

Coal production is also developing slowly.

Coal industry megatrends

Entering 2019,

The world coal market still maintains its cyclical growth momentum,

Overall, global coal production,

The volume of international coal import and export trade continued to maintain a slight growth.

But since the fourth quarter of 2018,

Momentum of cyclical growth has obviously weakened,

Coal prices have fallen continuously,

By the first quarter of this year,

The downward pressure on the world coal market has suddenly increased.

World coal market situation since this year

It seems to further confirm this trend.

In the demand to accelerate the adjustment of energy structure,

Call for a clean energy transformation

Against the background of rising,

World coal demand has not increased for a long time,

Fluctuate slightly or grow very slowly,

It will be a big development trend.

The outlook is not optimistic

Since he is not optimistic about the prospects for global coal development,

Global capital is also fleeing the coal industry.

British Institute for Energy Economics and Financial Analysis (IEEFA)

The newly released report shows that

In response to climate change,

There have been more than 100 so far

Major global financial institutions withdrew from the thermal coal sector,

Introduced measures for *** coal investment,

Many plans to build coal-fired power plants have been delayed, put on hold, or cancelled.

Diversified multinational mining companies

To avoid reputation risk and market risk,

Have withdrawn from the coal industry,

Such as the world's largest thermal coal international trader

Glencore is also under pressure from all sides,

Announced in February 2019 to increase coal production

The upper limit is set at 150 million tons per year,

And promised not to buy any more coal mines.

BP released in April

"BP World Energy Outlook (2019)",

Analyzed and predicted the global energy market by 2040,

Think global coal demand in the next 20 years

Will slow down significantly over the past 20 years,

Global coal consumption is only likely to maintain its current level.

The impact of coal supply and demand includes

Many industries including coal machinery and energy.

As a country with large coal production capacity and demand, China

Facing the severe situation of increasing downward pressure on the coal market,

In particular, we should be vigilant and respond actively.