CSICPCL(SH:600482) Zhi Tong Cai Jing·2025-08-13 02:00Group 1 - The core point of the article is that China's coal prices have risen to their highest level since March due to heavy rainfall affecting production and increased cooling demand from hot weather [1][3] - The spot price of thermal coal at Qinhuangdao Port has reached 678 yuan (approximately 94 USD) per ton, marking an 11% increase from the four-year low seen in June [1] - Record production in the first half of the year had previously boosted inventory levels, while the widespread use of renewable energy led to a decrease in coal consumption by power plants, contributing to the price drop [1] Group 2 - The current rise in coal prices is attributed to strong rainfall and production inspections in mining areas, alongside soaring electricity demand due to high temperatures [3] - Analysts from Morgan Stanley, including Hannah Yang, reported that coal consumption across 25 provinces in China reached its highest level in at least five years on August 6 [3] - Despite the current upward trend in coal prices, it is expected to be short-lived, with a potential correction anticipated by the end of August as temperatures begin to drop and renewable energy capacity continues to rise [3]