Inner Mongolia coal prices edged up in March
Time:2020-04-07 15:59:25 Source:CCTDCOAL
According to Inner Mongolia Development and Reform Commission, the price of thermal coal at mine mouths and the purchase price of thermal coal both edged up slightly in March.
The average settlement price of thermal coal at mine mouths in the region was 226.45 Yuan/mt in March, up 2.09% compared with that of February, and up 3.68% compared with that of March of 2019.
Among them, the average settlement price of lignite at mine mouths in the eastern region was 214.75 Yuan/mt, up 2.72% compared with that of February, and up 13.87% compared with that of March of 2019. The average settlement price of thermal coal at mine mouths in Ordos was 250.00 Yuan/mt, down 0.44% compared with that of February, and down 5.06% compared with that of March of 2019.
The average purchase price of thermal coal in Inner Mongolia was 222.45 Yuan /mt in March, up 2.56% compared with that of February, and up 5.14% compared with that of March of 2019. After conversion to standard coal (7000 Kcal/Kg), the average purchase price was 438.33 Yuan/mt, up 2.30% compared with that of February, and up 5.71% compared with that of March of 2019.
Among them, the average purchase price of thermal coal in the eastern region was 213.99 Yuan/mt, up 0.12% compared with that of February, and up 7.20% compared with that of March of 2019. The average purchase price of thermal coal in the western region was 229.23 Yuan/mt, up 4.47% compared with that of February, and up 3.65% compared with that of March of 2019.
In March, as the origin of the coal mine has resumed production, coal output is increasing, the market supply is gradually adequate. At the same time, affected by the epidemic situation, downstream coal enterprises have not yet fully returned to work, and the release of coal demand is limited. Therefore, in March, coal prices in Inner Mongolia rose first and then fell. By the end of March, coal prices had basically recovered to the level before the outbreak of the epidemic.
With the gradual improvement of the epidemic situation, all sectors have recently accelerated the resumption of work and production, and the coal demand in the downstream will continue to increase. However, as the temperature rises gradually in April, the heating demand in the north will decrease. Taking all factors into consideration, the coal price in Inner Mongolia is expected to show a stable trend in April.
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