On March 29, the "2024 13th China Cement Industry Summit Main Forum and TOP100 Award Ceremony" was held grandly. At the meeting, Chen Tianyu, Assistant General Manager of China Coal Resources Network, made the theme report of "2024 Power Coal Market Trend Analysis and Prospect".
He said that changes in government investment projects are likely to lower expectations for infrastructure growth, which is likely to fall slightly from 8.2% in 2023 to about 7%, and cement prices are always on the decline.
He believes that in 2024, the policy side will change from increasing production and guaranteeing supply to stabilizing production and guaranteeing supply, and the expansion of coal production capacity will be narrowed, and 20 million tons of production capacity are expected to be withdrawn, including 8 million tons of thermal coal and 12 million tons of coking coal.
