From the demand side, due to the seasonal demand for electricity and coal being weaker than usual, the daily consumption of power plants is generally about 15% lower than that of last year. Coupled with the record high of new energy power generation, the power generation of thermal power and the coal consumption of major power plants have declined, leading to a decrease in coal consumption. This year, the supply and demand in the domestic coal market have been relatively loose, and the market price has declined significantly. Overall, the daily consumption of coastal power plants is still in a seasonal decline period and performs poorly, with the characteristics of the off-season for coal consumption being quite obvious. Under the suppression of high inventory, the purchasing willingness of most terminals is relatively weak. Under the influence of multiple negative factors such as the continuous accumulation of inventories at ports around the Bohai Sea, the full operation of the Daqin Line, and the increase in transportation volume, the domestic market price of thermal coal is expected to continue to decline, with an estimated drop of 30 to 40 yuan per ton. After the port coal price dropped below 650 yuan per ton, it triggered more stop-loss orders or delayed purchases, causing the downward pressure on coal prices to remain unabated. It is expected that this round of coal prices will fall to the range of 600-620 yuan per ton by the end of this month.