China national coal production growth and coal asset investment growth is negative for first four months

By | May 29, 2013

On the 29th reporter from the China Coal Industry Association that for the first four months of this year, national coal production growth and coal fixed asset investment growth is both negative: for the first four months, the national output was 1.15 billion tons of coal, down 23 million tons (2%); for the first four months, the coal investment fell 6.6%.

Chairman of China Coal Industry Association, Wang Xianzheng said that since last year, the national coal business has undergone great changes, coal demand is slowing down and some enterprises are suffering a loss. Coal stocks remain high. Currently, there is a total 292 million tons of coal in stocks,150 million tons higher than the normal inventory. Second, the amount of imported coal to maintain high growth. The first four months, the country imported a total of 110 million tons of coal, an increase of 25.6%, which has a more prominent impact on the domestic coal market.

Source: Xinhua Net

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