On July 20, the China Coal Distribution and Marketing Association released the coal market schedule report: In early July, due to stricter safety regulations, mine maintenance, and rainfall at production sites, the overall supply of coal contracted. The focus was on monitoring the seasonal production and sales of coal companies. By industry, look at demand: in the power industry, increased rainfall has driven high hydropower generation, combined with an increase in the output of new energy sources, and a decline in coal consumption in thermal power and power plants; the steel industry has obvious off-season characteristics. Demand in the steel market is weak. Pig iron production and coal consumption of coking steel companies focused on monitoring are lower than the same period last year. In early July, the inventories of major production companies rebounded slightly; downstream users' enthusiasm for transportation increased, and coal stocks in major ports in the north fell month-on-month; downstream inventories increased, focusing on monitoring the recovery in coal storage by steel coke companies. Hot weather encouraged power plants to continue to prepare coal, and power plants already stored more than 220 million tons of coal. Price fluctuations in domestic and foreign coal markets were adjusted in early July; the focus was on monitoring that the import price of high-quality thermal coal from Australia was lower than that of domestic coal of the same quality, ending the inversion.

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