Inner Mongolia H1 coal output rises 21%, outbound supply up 24% YoY www.sxcoal.com
Inner Mongolian produced 600 million tonnes of coal in the first half of 2022, rising 21% compared with the preceding year, backed by the joint actions of multiple departments to boost supply, according to Inner Mongolia Daily.
The region has advanced the procedures for coal mining rights, land use, capacity replacement, and environmental impact assessment and speeded up the acceptance of coal mines to ensure safe and stable coal supply.
As of the end of June, the region's daily coal output exceeded 3 million tonnes for nine consecutive months, the local media reported.
In the meantime, Inner Mongolia has also worked to smooth the outward delivery capacity. During the first half, it sold around 590 million tonnes of coal, climbing by about 19%, including 390 million tonnes to users outside the region, which was 24% higher compared with the year-ago level.
In June, Inner Mongolia saw its thermal coal prices pick up slightly but still sit within the rational range, according to data from the price monitoring center of the Inner Mongolia Development and Reform Commission.
During the peak demand month in July and August, Inner Mongolia will continue to accelerate the increase in supply and improve the fulfillment rate of long-term contract supply. Thermal coal prices are expected to fluctuate slightly but still within the reasonable range.
(Writing by Emma Yang Editing by Tammy Yang)