According to the monitoring of SunSirs, the price of thermal coal was around 487.25 RMB/ ton, and the price of thermal coal had continued to decline in the near future. In terms of production area, the demand was general. In order to prevent overstocking of coal mine inventory, part of coal mines set production by sales. The output decreased slightly, and the coal price decreased by 10-20 RMB/ ton. Downstream power plants, as of April 17, the inventory of six coastal power plants was 16.302 million tons, with a weekly to environmental ratio increase of 195,000 tons, a decrease of 85,000 tons compared with the same period last month; daily coal consumption was 564,000 tons, with a weekly to environmental ratio increase of 11,000 tons, with an increase of 62,000 tons compared with the same period last month; the available days were 28.9 days, with a weekly to environmental ratio decrease of 0.2 days, with a decrease of 5.2 days compared with the same period last month. The average daily coal consumption of the power plant improved month on month, but the inventory was still high. With the spot price falling below the long-term agreement price, the game of coal and power enterprises increased, and the coal price fell under pressure. In addition, the rainy season comes earlier, and it has entered the flood season in early April. With the increase of rainfall, the hydropower generation will rise, which will have a negative impact on the thermal power generation in the short term.

According to the data from the National Bureau of statistics, from January to February 2020, China's total import of power coal reached 2004 million tons, up 37% from 12.64 million tons in the same period last year. The import of power coal is still large. And the world is affected by COVID-19, all economies are impacted. At present, there are few coal pallets, the market atmosphere is light and the market continues to be weak. Overall, the price of power coal may still be weak in the short term.

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