Inner Mongolia Coal Price Index Operation Report (2023)
Source: Sinochem New Network 
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December 6, 2023, 10:36 AM
On December 3, the "Inner Mongolia Coal Price Index Operation Report (2023)" was officially released. The Inner Mongolia coal price index includes three sub-indices, namely, the Ordos Coal Price Index, the Western Inner Mongolia Coking Coal Price Index and the Eastern Inner Mongolia Lignite Price Index.
The results of the index operation show that the Ordos coal price index fell first and then rose this year, with an overall "V"-shaped trend. In the first half of the year, Inner Mongolia's coal output further increased based on the large base in 2022. The amount of imported coal increased significantly during the same period, with a year-on-year increase of 93%. The thermal coal supply structure was loose; the year-on-year growth rate of coal imports fell in the second half of the year. At the same time, terminal demand gradually. Under the influence of high temperature weather, the daily consumption of power plants has increased rapidly, the demand for transportation from production areas has improved, port inventories have also begun to fall, and market expectations have gradually shifted. As of November 24, the Ordos coal price index was reported at 720 yuan/ton, a month-on-week decrease of 9 yuan/ton, or 1.23%.
The coking coal price index in western Inner Mongolia fell first and then rose. In the first quarter of this year, coking coal prices showed a horizontal and fluctuating trend. During this period, due to the impact of the Spring Festival holiday and safety inspections, the supply of coking coal market in western Inner Mongolia was tight, downstream coke prices operated smoothly, and the operating rate of steel mills gradually increased, and there was a certain demand for coke to replenish warehouses; In the second quarter, the operating rate of coking coal companies increased, market supply gradually turned loose, and downstream coke prices fell rapidly; safety inspections on production areas became stricter in the second half of the year, coking coal production was running low, and downstream coke prices increased in multiple rounds. As of November 24, the coking coal price index in western Inner Mongolia was reported at 1882 yuan/ton, a month-on-week increase of 120 yuan/ton, or 6.81%.
During the reporting period, the lignite price index in eastern Inner Mongolia generally showed a horizontal trend. Large-scale state-owned coal mines in the eastern region are absolutely dominant. Most coal mines implement national medium-and long-term contract prices. Market price changes are small, supply and demand are balanced, and prices are stable. As of November 24, the lignite price index in eastern Inner Mongolia was reported at 297 yuan/ton.
Inner Mongolia is rich in coal resources, and coal output is growing steadily. From January to October this year, the output of above-designated raw coal was 999 million tons, accounting for 26.1% of the country's raw coal output. Source: Sinochem New Network
The results of the index operation show that the Ordos coal price index fell first and then rose this year, with an overall "V"-shaped trend. In the first half of the year, Inner Mongolia's coal output further increased based on the large base in 2022. The amount of imported coal increased significantly during the same period, with a year-on-year increase of 93%. The thermal coal supply structure was loose; the year-on-year growth rate of coal imports fell in the second half of the year. At the same time, terminal demand gradually. Under the influence of high temperature weather, the daily consumption of power plants has increased rapidly, the demand for transportation from production areas has improved, port inventories have also begun to fall, and market expectations have gradually shifted. As of November 24, the Ordos coal price index was reported at 720 yuan/ton, a month-on-week decrease of 9 yuan/ton, or 1.23%.
The coking coal price index in western Inner Mongolia fell first and then rose. In the first quarter of this year, coking coal prices showed a horizontal and fluctuating trend. During this period, due to the impact of the Spring Festival holiday and safety inspections, the supply of coking coal market in western Inner Mongolia was tight, downstream coke prices operated smoothly, and the operating rate of steel mills gradually increased, and there was a certain demand for coke to replenish warehouses; In the second quarter, the operating rate of coking coal companies increased, market supply gradually turned loose, and downstream coke prices fell rapidly; safety inspections on production areas became stricter in the second half of the year, coking coal production was running low, and downstream coke prices increased in multiple rounds. As of November 24, the coking coal price index in western Inner Mongolia was reported at 1882 yuan/ton, a month-on-week increase of 120 yuan/ton, or 6.81%.
During the reporting period, the lignite price index in eastern Inner Mongolia generally showed a horizontal trend. Large-scale state-owned coal mines in the eastern region are absolutely dominant. Most coal mines implement national medium-and long-term contract prices. Market price changes are small, supply and demand are balanced, and prices are stable. As of November 24, the lignite price index in eastern Inner Mongolia was reported at 297 yuan/ton.
Inner Mongolia is rich in coal resources, and coal output is growing steadily. From January to October this year, the output of above-designated raw coal was 999 million tons, accounting for 26.1% of the country's raw coal output. Source: Sinochem New Network