The average pit price of thermal coal in Inner Mongolia in October was 389.08 yuan/ton an increase of 4.41% from the previous month.

Inner Mongolia Development and Reform Commission news, in October, the monthly average pit price of thermal coal in Inner Mongolia was 389.08 yuan/ton, an increase of 4.41% compared with September (hereinafter referred to as month-on-month), and a decrease compared with October 2022 (hereinafter referred to as year-on-year) 2.34%. Among them, the average pit price of lignite in the east is 323.43 yuan/ton, a month-on-month increase of 1.66%, and a year-on-year price decrease of 2.29%; the average pit price of thermal coal in the Ordos region is 572.50 yuan/ton, a month-on-month price increase of 8.35%, a year-on-year price decrease of 4.58%.

In terms of calorific value, the average pit price of 3800, 4500, 5000 and 5500 calorific value thermal coal is 359.88 yuan, 434.17 yuan, 612.50 yuan and 690.00 yuan per ton respectively. The prices of thermal coal with calorific value increased by 1.12%, 3.70%, 14.75% and 8.02% respectively. Year-on-year, the prices of thermal coal with calorific value of 3800, 4500 and 5000 fell by 1.94%, 6.09% and 1.21% respectively. The price of thermal coal with calorific value of 5500 increased by 1.47%. .

The Inner Mongolia Development and Reform Commission stated that as the north gradually enters the heating season, major coal-producing areas increase production and ensure supply, and coal output remains high. Although heating demand rises, the growth rate of industrial electricity and non-electricity coal demand is seasonal. The coal inventory in northern ports continues to increase. In the short term, due to higher temperatures in many places in China than in the same period in previous years, thermal coal prices are expected to fall.

In addition, in October, the monthly average price of coke in the region was 1,871.25 yuan/ton, a month-on-month price increase of 4.98%, and a year-on-year price decrease of 20.37%.

The Inner Mongolia Development and Reform Commission pointed out that the price of upstream coking coal has fallen recently, and downstream steel mills have generally suffered losses. The upward space for coke prices is limited. It is expected that coke prices will be under pressure due to the joint impact of steel demand entering the off-season and falling costs.