Chinanews.com, November 4th. According to the WeChat official account of the National Development and Reform Commission, following the initiative to lower the price of coal at pitheads by many private companies including Inner Mongolia Yitai Group, Mengtai Group, Huineng Group and Xinglong Group State-owned enterprises such as Energy Group and China Coal Group have also taken the initiative to lower coal prices.

  In addition, at a recent meeting held by the China Coal Transportation and Marketing Association, more than 10 major coal companies across the country expressed their views to follow up and took the initiative to lower the price of 5,500 kcal thermal coal pitheads in the main producing area to below 1,000 yuan per ton.

  According to the news, from the perspective of market monitoring, since late October, coal prices in pits and ports across the country have fallen sharply. With the increase in coal production in the later period, the supply and demand situation in the coal market will further improve.