The economic data for the first half of the year was released this morning, and ensuring growth in the second half of the year is now a top priority. This will inevitably lead to a recovery in electricity demand, which will then affect the coal industry. Additionally, if pro-growth policies gradually take effect, coal demand could receive further support. Meanwhile, under the backdrop of high overseas energy prices, the price gap between domestic and international energy markets may benefit some export-oriented manufacturing sectors by supporting their growth, thereby propping up domestic energy demand. On the supply side, I personally believe there’s potential for production to rise further, but the capacity for short-term release might be limited, while imports could continue to face external pressures. Overall, it is expected that the coal market in the second half of this year will primarily focus on the recovery of domestic demand, while mismatches in supply and demand caused by shifts in the global energy market could pose multiple challenges for securing domestic supply.
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