In December, the settlement price of Inner Mongolia power coal increased

According to the energy price monitoring data reported by Inner Mongolia leagues and cities, the settlement price of power coal mine mouth and the purchase price of electric coal in Inner Mongolia increased slightly in December 2019. In December, the average pit mouth settlement price of power coal in the region was 212.20 CNY/ton, up 1.14% compared with November 2019 (hereinafter referred to as the month on month), and 0.95% compared with December 2018 (hereinafter referred to as the year-on-year). Among them, the average mine mouth settlement price of lignite in the eastern region is 192.92 CNY/ton, up 3.69% month on month, up 10.37% year on year; the average mine mouth settlement price of power coal in Ordos City is 241.67 CNY/ton, down 1.36% month on month, down 4.19% year on year. In December, the average purchase price of electric coal in the whole region was 213.81 CNY/ton, up 3.40% on a month on month basis, up 1.04% on a year-on-year basis; after being converted into standard coal (7000 kcal), the average value was 423.43 CNY/ton, up 3.15% on a month on month basis, up 6.03% on a year-on-year basis. Among them, the average purchase price of electric coal in the eastern region is 207.39 CNY/ton, up 5.20% month on month, up 5.80% year on year; the average purchase price of electric coal in the western region is 218.94 CNY/ton, up 2.07% month on month, down 2.28% year on year. Inner Mongolia development and Reform Commission said that in December, the temperature in Inner Mongolia dropped significantly, and the heating demand further increased, especially in the eastern region, which led to a small pick-up of coal prices in the whole region. With the coming of the Spring Festival, the capacity release of coal enterprises is limited, at the same time, the need for coal enterprises to replenish the storage just before the festival will increase. Therefore, it is expected that the coal price in Inner Mongolia will show a slight upward trend in January 2020.