Xinjiang's development research center of the Inner
Mongolia Autonomous Region shows that, Inner Mongolia’s coal price dropped even
more in the first quarter of 2015 after two-year continuous decrease. The
average price of thermal coal pithead in whole district was 142.1 RMB per ton, 0.83%
decrease month-on-month and 9.2% decreases year-on-year.
Kcomdata, a platform provides Chinese private company
intelligence commented that it was caused mainly by two reasons. First, the
performance of economy, especially the production and investment of manufacturing
was not optimistic, and the need of energy decreased. Second, the inventory was
high. The inventory of harbor and electric factory has been generally high in
the recent years. However, the coal production didn't decline obviously and the
need continued to be weak, along with the high inventory, so it’s predicable
that another price decrease will be appeared in the second quarter.
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