Neimenggu power coal price and electricity coal purchase price increased

Inner Mongolia Development and Reform Commission (NDRC) news, according to the energy price monitoring data reported by the League cities, in July 2019, the settlement price of power coal pit and the purchase price of electricity coal in the whole region increased slightly.

In July, the average pit settlement price of power coal in the whole region was 215.26 CNY/ton, up 0.49% from June 2019 (hereinafter referred to as ring ratio) and 4.67% from July 2018 (hereinafter referred to as year-on-year).

Among them, the average pit settlement price of lignite in the eastern region was 182.23 CNY/ton, a slight increase of 0.32% annually, up 14.29% year on year; the average pit settlement price of power coal in Ordos City was 270.00 CNY/ton, up 3.40% annually and down 1.22% year on year.

In July, the average purchasing price of electric coal in the whole region was 201.21 CNY/ton, a slight increase of 0.53% annually and a decrease of 0.99% year on year; after converting to standard coal (7000 calories), the average value was 395.53 CNY/ton, a slight decrease of 0.11% annually and a rise of 5.05% year on year.

Among them, the average purchase price of electric coal in the eastern region was 191.30 CNY/ton, up 0.85% annually and 11.65% year-on-year; the average purchase price of electric coal in the western region was 207.15 CNY/ton, down 0.07% annually and 9.43% year-on-year.

Inner Mongolia Development and Reform Commission (NDRC) said that in the first ten days of July, a large area of rainfall occurred all over the country, and the average temperature was lower than that of the same period last year. As of mid-July, the average daily coal consumption of the six power generating groups remained near 600,000 tons, which was at a low level in recent years.

Recently, with the continuous rise of temperature in China, the daily consumption of power plants began to rebound, and by the end of July, the daily consumption of the six major power generating groups had risen to around 800,000 tons.

Due to the rapid recovery of power plant daily consumption, the enthusiasm of producer traders to replenish stores has increased, and the recent stabilization of power coal prices around the Bohai Sea, it is expected that coal prices in Inner Mongolia will increase slightly in August.