Shi Ying, From China Coal Transportation And Marketing Association: By The End Of June, Domestic Thermal Power Plants Had Approximately 200 Million Mt Of Coal Stored And Available For About 30 Days

At the first half of the year coal economic operation analysis symposium held this afternoon, Shi Ying, Vice Chairman of the China Coal Transportation and Sales Association, stated that by the end of June, domestic thermal power plants had stored about 200 million tons of coal, reaching a new historical high, with a year-on-year increase of about 28 million tons, an increase of 16%, and a usable coal storage of about 30 days. Shi Ying pointed out that the current coal market is weak in supply and demand, and coal inventories in various links continue to rise. The sentiment of " Running after Rising and Falling " is strong, and there is an increase in default on coal mid to long-term contracts. The fulfillment rate of some mid to long-term contracts has decreased, posing a challenge to the authority of coal mid to long-term contracts.