Friday, 19 Aug 2011
According to the website of China Ministry of Commerce, the average mine-mouth coal price in Inner Mongolia has soared by 14% to CNY 296.72 per tonne in the first half of this year compared with a year earlier.
In the beginning two months, Inner Mongolian coal prices were slightly pushed up by winter heating demand. The average mine-mouth steam coal settlement price in its main producing areas rose 0.82% over early January to CNY 297.07 per tonne.
Since March, coal demand started to shrink and prices stepped down. The lowest point in H1 appeared in April at CNY 291.87 per tonne.
May mark the commencement of a vigorous upswing. By June, the average mine-mouth steam coal settlement price registered CNY 304.93 per tonne.
(sourced from MySteel.net)
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