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The content below was translated by Tencent automatically for reference.
It is reported that coal prices have been rising since the beginning of this year and have risen significantly since the beginning of June after a brief correction in mid-May. Market participants generally believe that tighter safety regulations, growing demand and rising import costs are the main factors supporting the rise in coal prices this round. on the one hand, the demand for coal is strong, on the other hand, the overall coal supply situation is tight this year. Zeng Xiang, a senior black analyst at Yide Futures, told Futures Daily that in the first half of this year, China s economy continued to recover, industrial production was exuberant, and electricity demand continued to rise. According to the National Bureau of Statistics, China s raw coal increased by 8.8% from January to May compared with the same period last year, but thermal power generation from January to May increased by 16% compared wi