Inner Mongolia coal prices edged down slightly in May
Time:2020-06-09 10:24:14 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 May.
In May, the price of thermal coal in the whole region fell first and then rose, and the monthly average composite price fell slightly.
The average settlement price of thermal coal at mine mouths in the region was 214.84 Yuan/mt in May, down 2.00% compared with that of April, and down 3.48% compared with that of May of 2019.
Among them, the average settlement price of lignite at mine mouths in the eastern region was 221.84 Yuan/mt, up 2.15% compared with that of April, and up 15.73% compared with that of May of 2019. The average settlement price of thermal coal at mine mouths in Ordos was 180.56 Yuan/mt, down 13.56% compared with that of April, and down 34.74% compared with that of May of 2019.
The average purchase price of thermal coal in Inner Mongolia was 215.38 Yuan /mt in May, down 1.81% compared with that of April, but up 6.87% compared with that of May of 2019. After conversion to standard coal (7000 Kcal/Kg), the average purchase price was 427.09 Yuan/mt, down 1.88% compared with that of April, but up 6.58% compared with that of May of 2019.
Among them, the average purchase price of thermal coal in the eastern region was 214.98 Yuan/mt, up 0.37% compared with that of April, and up 14.38% compared with that of May of 2019. The average purchase price of thermal coal in the western region was 215.71 Yuan/mt, down 3.48% compared with that of April, but up 1.56% compared with that of May of 2019.
In May, due to the combined effect of reduced supply and increased demand, coal prices in Inner Mongolia began to rise in the latter half of the month. In the near future, the utilization rate of coal in the main coal-producing areas continues to increase, and coal supply will pick up quickly, limiting the room for price rise. With the outbreak under control and the resumption of work and production under control, the demand for thermal coal has continued to increase. At the same time, since June, there have been more hot weather and increased demand for household electricity, which has supported the market price of coal. It is expected that prices in June will be mainly stable, the overall first lift after suppression.
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