Thermal coal prices rose slightly in northern China's Inner Mongolia last month, the fourth consecutive monthly increase since July, said the regional development and reform commission recently.
In October, thermal coal settlement prices averaged 214.2 yuan/t ($32.28/t) in the region on mine-mouth basis, up 2.74% from September, shrinking 1.17 percentage points a month ago, and up 16.96% from the previous year, compared with 26.16% in September, the commission noted.
Specifically, lignite mine-mouth prices averaged 159.89 yuan/t in the eastern region, up 2.60% from a month ago and 34.34% higher than a year ago; Ordos thermal coal prices stood on average at 306.11 yuan/t, up 5.76% month on month and 16% year on year.
The average purchasing price at which utilities buy thermal coal from local miners or traders reached 209.44 yuan/t in October, up 0.83% month on month and 26.76% year on year. The price can be translated into 382.69 yuan/t of standard coal with CV of 7,000 Kcal/kg NAR, up 1.55% month on month and 23.11% year on year.
(Writing by Alex Guo Editing by Harry Huo)
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