Some companies are turning to the domestic market for coal purchases.

With the nationwide peak summer electricity reserve plan launched in advance, coastal power plants in the south are actively replenishing their coal supply. The pace of terminal procurement is significantly ahead of schedule, and the hot demand atmosphere in the coal market has emerged early. Our country's imports of coal mainly come from Indonesia, Australia, Russia, and Mongolia, with nearly half of the supply coming from Indonesia. However, this year, due to various factors such as the rise in sea freight prices caused by the situation in the Middle East, Indonesia has raised its coal export prices and implemented production restrictions to a certain extent. During interviews, several coal dealers mentioned that due to tight import sources and rising shipping costs, the prices of imported coal have significantly increased. Data shows that as of May 6, the price of Indonesian 3800 kcal power coal was 602 yuan per ton, an increase of 171 yuan since the beginning of the year. The increase in import coal prices has caused a situation in April where imported coal prices were higher than domestic coal prices. Many companies that used to mainly purchase coal from overseas are now turning to the domestic market for procurement.