Inner Mongolia coal price fell slightly in November

In November, coal price in Inner Mongolia fell slightly. Recently, due to factors such as sufficient coal supply and high coal inventories at key power plants nationwide, coal prices in the region will basically remain low.

Data show that in November, the average settlement price of thermal coal in Inner Mongolia was 209.79 CNY/ton, down 2.51% month-on-month and 1.33% year-on-year. Among them, the average settlement price of thermal coal in Ordos was 245 CNY/ton, down 4.96% month-on-month and down 9.26% year-on-year.

In the same period, the average purchase price of thermal coal in the region was 206.78 CNY/ton, a slight increase of 0.54%; the average value after conversion to standard coal (7000 kcal) was 410.51 CNY/ton, a slight increase of 0.72%, and a year-on-year increase of 5.99%.

Industry insiders said that the coal production capacity of Inner Mongolia continued to be released in December, and coal supply was sufficient. At the same time, in November, the national coal inventory of key power plants remained at a high level in recent years, maintaining around 97.9 million tons. Coupled with the recent Bohai Rim thermal coal price index is at a low level, and the monthly long-term agreement price announced by Shenhua in November has fallen sharply, which has a certain guiding role for the coal market. In the current situation, coal prices in Inner Mongolia are expected to remain low.