Core Viewpoint - The coastal coal market is experiencing a rapid decline in prices due to weak demand and excessive inventory, with the Qinhuangdao coal price index reported at 671 yuan/ton, down 2 yuan/ton from the previous period [1] Group 1: Market Conditions - The inventory at Qin-Tang-Cang ports remains high at over 33 million tons, nearly 9 million tons higher than the same period last year, representing an increase of about 40% [1] - The supply-demand imbalance is characterized by strong supply and weak demand, leading to a pessimistic market outlook and a rapid downward trend in coastal coal prices [1] Group 2: Future Outlook - In the short term, the coastal coal market is expected to continue its downward trend due to a lack of trading activity [2] - Positive factors may emerge with the implementation of national policies to boost domestic demand and the onset of the traditional peak summer coal procurement phase, which could improve market expectations [2] - As coal prices approach the breakeven point for high-cost mines, there is an increased willingness for production adjustments, enhancing the potential for supply-demand rebalancing in the coastal coal market [2]