Ningxia coal prices drop in May

According to the market operation monitoring system of Ningxia Hui Autonomous Region, in May, the price of coal in Ningxia was 1081.67 yuan/ton, a decrease of 10.1%, of which the No. 2 anthracite decreased by 17.8%. In May, the temperature rises, coal production is at a high level, and the inventory of coal in the off-season is sufficient. Imports continue to increase, and continue to affect coal prices. In June, firstly, the output was running at a high level, and the growth rate of market demand decreased; secondly, the scale of imports increased, the market supply was sufficient, and merchants had more inventories, which comprehensively affected the price shocks and declines in the coal market.