Inner Mongolia coal prices edged down slightly in April
Time:2020-05-06 19:05:32 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 down slightly in April.
In April, the price of thermal coal in Inner Mongolia fell slightly due to abundant supply.
The average settlement price of thermal coal at mine mouths in the region was 219.22 Yuan/mt in April, down 3.19% compared with that of March, but up 0.30% compared with that of April of 2019.
Among them, the average settlement price of lignite at mine mouths in the eastern region was 217.16 Yuan/mt, up 1.12% compared with that of March, and up 16.67% compared with that of April of 2019. The average settlement price of thermal coal at mine mouths in Ordos was 208.89 Yuan/mt, down 16.44% compared with that of March, and down 22.31% compared with that of April of 2019.
The average purchase price of thermal coal in Inner Mongolia was 219.35 Yuan /mt in April, down 1.39% compared with that of March, but up 5.41% compared with that of April of 2019. After conversion to standard coal (7000 Kcal/Kg), the average purchase price was 435.30 Yuan/mt, down 0.69% compared with that of March, but up 5.10% compared with that of April of 2019.
Among them, the average purchase price of thermal coal in the eastern region was 214.18 Yuan/mt, up 0.09% compared with that of March, and up 8.46% compared with that of April of 2019. The average purchase price of thermal coal in the western region was 223.49 Yuan/mt, down 2.50% compared with that of March, but up 3.19% compared with that of April of 2019.
In May, prices will fall in the short term due to the easing of supply. In the later period, the resumption of work and production will be good; the demand will be further improved; the import policy will be tightened; and the import volume will be reduced. At the same time, the coal industry and related associations have issued a paper to maintain the balance between supply and demand in the market, and the industry actively called for a reduction in production and stable prices, it is expected that the price is expected to stabilize after mid-to-late May.
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