环渤海主要港口煤炭库存2868万吨 较前期高点下降13.5%

Core Viewpoint - The coal production in China shows a cumulative output of 198.537 million tons from January to May, with a year-on-year growth rate of 6.0%, indicating a slight decline in growth momentum compared to previous months [1] Group 1: Production and Capacity - The coal production growth rate has decreased by 0.6 percentage points compared to the growth rate from January to April [1] - In June, there are signs of further production contraction due to safety production month, strict environmental inspections in major production areas, and sales pressure [1] - As of mid-June, the capacity utilization rate of coal mines in Shanxi, Shaanxi, and Inner Mongolia is 80.7%, which is lower than the average level in May and down 1.5 percentage points year-on-year [1] Group 2: Market Conditions - Despite stable market prices, sellers are facing significant challenges in actual shipments, compounded by the impact of shipping losses, leading to a continued suppression of spot coal volumes [1] - The coal inventory at major ports in the Bohai Rim region is currently at 28.68 million tons, which has decreased by 4.48 million tons from previous highs, representing a decline of 13.5% [1]