Ordos, a major coal production city in Inner Mongolia, sold 308.05 million tonnes of coal in the year to June, declining 11.8% or 41.03 million tonnes year on year, said the Ordos Energy Bureau.

Of the total offtake, the local mines contributed 235.67 million tonnes with a year-on-year drop of 16% or 45 million tonnes. The CHN Energy sold 72.38 million tonnes of coal, increasing 5.8% or 3.97 million tonnes.

From January to June, the average coal price was 281 yuan/t in the city, a drop of 29 yuan/t from the preceding year.

The price of raw coal averaged 265 yuan/t, marking a year-on-year decline of 31 yuan/t or 10.4%. The average price of lump coal was 332 yuan/t, down 7.2% or 26 yuan/t from year-ago level. The price of mixed coal averaged 258 yuan/t with a year-on-year drop of 10.4% or 30 yuan/t.

Entering July, the national coal market gradually stabilized, given stable coal inventory at ports, falling daily consumption from downstream power plants and strict coal import restriction. Coal market in Ordos also generally held steady.

Over June 27-July 5, July, the daily coal sales in Ordos was 1.66 million tonnes, down by 90,000 tonnes from a week ago. The average coal price was 290 yuan/t, up 3.9% or 11 yuan/t from the week prior, but a year-on-year drop of 6.1% or 19 yuan/t.

The raw coal's price averaged 275 yuan/t, up 4.9% or 13 yuan/t week on week. Lump coal's average price was 330 yuan/t, up 2.8% or 9 yuan/t week on week. Mixed coal was 273 yuan/t, up 4.6% or 12 yuan/t week on week.

(Writing by Rebecca Liu  Editing by Tammy Yang)
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