Development and Reform Commission: Many Coal Enterprises in Inner Mongolia Take the Initiative to Reduce the Price of Pithead Coal to Below 1000 yuan Per Ton

Recently, enterprises such as Yitai Group, Mengtai Group, Huineng Group and Xinglong Group in Inner Mongolia Autonomous Region have taken the initiative to reduce the pithead price of 5500 kcal power coal to less than 1000 yuan per ton.

According to market monitoring, the national coal production has increased significantly in recent years, the coal storage in northern ports and national unified power plants has increased rapidly, the coal supply and demand situation has continued to improve, and the coal futures and spot market prices have declined significantly. Next, as the supply and demand situation continues to improve, it is expected that coal prices will accelerate their return to a reasonable level.