On March 14, the 14th China Cement Industry Summit and TOP100 Award Ceremony hosted by China Cement Network was held in Hangzhou. Chen Tianyu, Assistant General Manager of China Coal Resources Network, shared the Outlook for the Power Coal Market in 2025.
Chen Tianyu said that in 2024, the new production capacity will be 85.9Mt, including 64.8Mt of thermal coal and 21.1Mt of coking coal; in 2024, the production capacity will be 17.8 Mt, including 12.3Mt of thermal coal and 5.6Mt of coking coal; It is estimated that the new production capacity will be 101Mt in 2025, including 77Mt of thermal coal and 24Mt of coking coal; it is estimated that the production capacity will be 31Mt in 2025, including 19Mt of thermal coal and 12Mt of coking coal. China's thermal coal consumption in 2024 is 4184 Mt, + 3.2%; growth in thermal coal demand is expected to fall to + 1.1% in 2025,
Chen said. Power coal supply is slightly loose, "peak season is not prosperous" or normal, the average price of CCI5500 in 2024 is 860 yuan, the price focus in 2025 continues to move down, the expected average price is about 720 yuan.
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