Coal price decline slowed down and remained at a high level of 1020 yuan/ton.

The recent decline in domestic coal prices has slowed down and is still at a high level of 1012 yuan/ton.

Place of origin — Yulin a small number of cost-effective ore sales improved, but the overall pressure, some ore prices are still significantly down; Ordos trading light; northern Shanxi wait-and-see thick, bidding when there is a flow of bids. Ports-Trading continues to be cold, lower transaction prices still appear, but some sources of goods have lost money + the winter peak season is approaching, traders'price sentiment is warming up, and their willingness to reduce prices is weakening. Import-Indonesia 3800 kcal Panamanian ship FOB reported 58-59 U.S. dollars/ton (more than 60 U.S. dollars last week), with low turnover under high inventory. In terms of

price, Qin Q5500 has been declining for four consecutive weeks, but the one-day decline has narrowed to single digits, and the current price is around 1020.

In the current period, the window of "the fastest decline" of coal price is closing-before the implementation of 12-01 "Measures for the Management of Medium and Long-term Contracts for Energy Supply Guarantee (Order 50)", the policy underpinning expectation of spot side began to accumulate.