Coal news and updates

Inner Mongolia Alax Jan-Oct coal output down 21% y-o-y

Alax League in northern China’s Inner Mongolia produced a total 6.48 million tonnes of raw coal over January-October this year, down 21% year on year, showed data from the Alax Commission of Economy and Information Technology on November 10.

Of this, the output of bituminous coal fell 28% on year to 3.91 million tonnes; while that of anthracite decreased 7% from a year ago to 2.57 million tonnes, data showed.

A’zuo Banner and A’you Banner in Alax contributed 4.53 million and 1.25 million tonnes of raw coal over January-October, sliding 39% and 4% on year, respectively.

Tengri Economic Development Zone in Alax contributed 700,000 tonnes of raw coal during the same period, up 25% year on year.

The coal market in Alax League saw a downturn over the past ten months this year, mainly reflected in decreased coal output, falling coal prices and expanding losses.

By end-October, coal stocks at the league totaled 290,000 tonnes, with stocks at A’zuo accounting for 96.6% or 280,000 tonnes.

Over January-October, raw coal imports through Ceke Border Crossing in Alax’s Ejin Banner, stood at 5.95 million tonnes, up 13% on year. The stocks of imported raw coal stood at 2.38 million tonnes.

The average price of imported raw coal decreased 10% from 290 yuan/t in December 2014 to 260 yuan/t.

By end-October, average price of anthracite in Alax fell 5.4% from 550 yuan/t in the end-December last year to 520 yuan/t; that of bituminous coal fell 12% from 210 yuan/t the same time last year to 185 yuan/t.

source: http://en.sxcoal.com