According to the data from the market monitoring system of important Means of production of the Ministry of Commerce, from May 20 to May 26, the average price of coal in Inner Mongolia was 843.61 RMB/ton from the sample data of monitored varieties, a 1.7% month on month decrease and 8.5% year-on-year decrease compared with the same period of the previous year. The average price of Anthracite No.2 washing lump coal was 905.71 RMB/ton, down 1.1% month on month and 9.6% year on year; The average price of thermal coal with a calorific value of 5,000 to 5,500 kcal is 717.54 RMB/ton, a decrease of 2% month on month and 4.6% year on year; The average price of 1/3 coking coal for coking is 907.58 RMB/ton, a decrease of 1.9% month on month and 9.8% year-on-year.

The Department of Commerce of the Inner Mongolia said that the port inventory was on the high side and there was a serious backlog of coal. The production capacity of coal enterprises has been improved, and the market supply capacity has been enhanced. Downstream market demand is weak, and the overall market is mainly wait-and-see. The low transaction activity has led to a slowdown in the pace of some traders and terminal procurement, jointly driving a month on month decrease in coal prices. It is expected that China coal market will operate stably in the near future, and prices will fluctuate.

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