The price of thermal coal around the Bohai Sea closed at 387 yuan / ton, down 21% from the same period last year;

The latest Bohai Rim thermal coal price index closed at 387 yuan / ton, down 21% from the same period last year, the lowest record
since its release.

What worries practitioners is that the downward trend continues to strengthen.

In the fourth quarter, the contradiction of oversupply in the coal industry is still prominent, in the case of weak downstream demand and poor sales, Shenhua failed to raise prices, the "four giants" of coal enterprises staged a fierce price war, other small and medium-sized coal enterprises followed the pace of decline obviously, the domestic coal market will continue to fall into the vicious circle
of "small and medium-sized mines prices lower than large mines - large mines reduce prices to grab the market - small and medium-sized mines and then reduce prices below the price of large mines".

In September and October, before the peak of winter coal use, it was once known as the "Golden Nine Silver Ten" because of its strong sales, and because it was about to enter the negotiation period of long-term contracts, coal companies had a strong
desire to raise prices.
On September 30, at the meeting of Shenhua Sales Group, the chairman of Shenhua Group stated that he would maintain the price, and the listing price of thermal coal for each card number in October remained unchanged, and the sales policy
in September would continue.

However, the October price plan introduced by China Coal on September 30 did not follow Shenhua's footsteps of maintaining stability, but lowered some prices, and the prices of most coal types were reduced by 6 yuan / ton or 10 yuan / ton
compared with September.
Tongcoal will adopt a time-limited preferential policy
from September 23 to October 10.