Zhao Jianze, Secretary of the Party Committee of Shanxi Coking Coal Group: It is unlikely that the current coal market will experience another major shock

At the National Summer Coal Trade Fair held this morning, Zhao Jianze, Secretary of the Party Committee of Shanxi Coking Coal Group, said in a speech that the coal market has experienced a major shock since this year, and more is the repair of the previous changes in coal prices, so that the coal price will gradually return to the normal range. We must treat this phenomenon rationally. The possibility of significant fluctuations in the current coal market is no longer significant. Zhao Jianze pointed out that from the supply side, coking coal is a scarce resource, accounting for less than 10% of the world's total coal. In addition, it is threatened by natural disasters such as gas Rock burst, so the overall supply level is limited. According to statistics, from 2023 to 2027, China's newly added coal production capacity was about 500 million tons, of which the newly added capacity of coking coal was only about 80 million tons, accounting for 16.2% of the total newly added capacity. The coal market is expected to gradually stabilize in the second half of the year, especially in the coking coal market where prices are highly likely to remain in a relatively balanced range.