[coal prices fall nearly 30% year-on-year profits of thermal power enterprises are expected to repair] May 31, in high production, high inventory "suppression", coal prices accelerated decline. According to data from the China Coal Market Network, as of May 29, 5500K thermal coal in the northern port was about 880 yuan / ton, down about 380 yuan / ton from the same period last year, or nearly 30%. Some market participants predict that with the accelerated accumulation of inventory in ports and power plants and the decline in downstream purchasing enthusiasm, coal prices may accelerate in early June, and this round of coal prices are expected to fall to 800 to 850 yuan per ton. The fall in coal prices has also alleviated the cost pressure on thermal power enterprises. From the point of view of the A-share market, the power sector has continued to strengthen recently. on May 29, the power sector index reached 1600.238 points, a new high so far this year. Huadian International, Guidong Electric Power, Hengsheng Energy and other stocks rose by the daily limit. Hangzhou Thermal Power is out of the "10 days 9 boards" market. According to the analysis of a number of research reports in the industry, the peak of power consumption has arrived ahead of schedule this year, and it is expected that the power load and electricity consumption in many places in the south will achieve greater growth compared with the same period last year. With the decline in coal prices and the approaching peak of power consumption, the profitability of thermal power enterprises may be further repaired. (Shanghai Stock Exchange News)