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Influence of Winter Olympics on Coal Industry
Affected by the Winter Olympics, some coal mines in the main producing areas are expected to stop production and limit production, and some coal mines in Shanxi will stop production and rectify due to overcapacity.

The supply of coking coal market may decrease, and the demand for high-quality resources in the downstream market is acceptable, which has strong support for some varieties of coal. The coal mine quotation is expected to be raised, the purchasing enthusiasm of the downstream market is not high, and some kinds of coal are still under pressure. The demand for raw coal in downstream coking and steel enterprises has improved. However, some coking and steel enterprises hold a wait-and-see attitude and are relatively cautious about purchasing some coal with low cost performance.

A leading coke enterprise in Hebei Province raised dry quenching 120 yuan/ton and wet quenching 100 yuan/ton. Recently, the price of raw coal has rebounded, and the focus price support has gradually increased. In addition, due to the limited production of coke enterprises and the improvement of downstream demand, the inventory of some coke enterprises has dropped to a low level. At present, the orders of coke enterprises have increased, the supply of coke has a tense trend, and coke enterprises are in a strong upward mood.

Some steel mills have increased their enthusiasm for coke procurement, and the inventory pressure of coke enterprises has obviously eased, and they are optimistic about the focus price. However, due to the influence of the Winter Olympics, some steel mills have a general demand for coke.

Winter Olympics knowledge

There are two mascots for the 2022 Winter Olympics and Paralympics, namely "Ice Pier" and "Snow Melting".

"Ice Shield" is the mascot of the Winter Olympics. It is designed according to China's national treasure, the giant panda. The shape of its head shell comes from the snow sports helmet, and the design of colorful halo around its face is inspired by the "ice ribbon" of the National Speed Skating Hall of the Winter Olympics. Its belly is affixed with the emblem of Beijing 2022 Winter Olympics and the Olympic rings.

The hand of "Ice Shield" is printed with red love, which represents our people's warm welcome to people all over the world. The "ice pier" is very cute, symbolizing friendship and peace, and is deeply loved by people all over the world, especially young people.