Sichuan coal price rises steel prices fall
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In the second half of October, the average monitoring price of coal in the core coal production enterprises of our province was 377 yuan/ton, which was 3.01% higher than the first half of October. The average price of the monitored anthracite coal was 366 yuan/ton, which was higher than the first half of October. Rose 4.87%.
According to reports, due to factors such as the slowdown in international and domestic economic growth, loss of domestic export companies, production cuts and shutdowns of some steel plants, and the rebound of power coal stocks, the market’s demand for coal as a whole weakened, and domestic coal prices continued to decline, but with winter The increase in demand for coal storage will, to a certain extent, inhibit the decline in coal prices. The post-disaster reconstruction of our province has increased the consumption of cement, bricks and electricity, and the demand for coal has increased. However, due to the impact of domestic coal prices, the price of coal in the province is expected to decline.
In the second half of October, the average monitoring price of the steel market in our province was 4,330 yuan/ton, down by 20.57% from the first half of October and down 12.55% year-on-year. Affected by the economic situation at home and abroad, the demand for construction steel decreased, the price of iron ore dropped sharply, the price of fuel fell, and the supporting effect on the steel market price decreased; the steel market was not optimistic and the market confidence was severely hit. It will continue to decline.
