China's coal resources in the first eight months

According to the latest statistics released by the China Logistics Information Center on the 10th, China's coal production from January to August totaled 2.46 billion tons, a year-on-year increase of 14.1%. From January to August, the cumulative total of new coal resources in China was 2.57 billion tons, a year-on-year increase of 13.4%.

Statistics show that from January to August, the cumulative coal imports were 104.38 million tons, 1.48 million tons less than the same period of last year, a slight decrease of 1.4% year-on-year. The cumulative amount of imports increased from US$ 10.55 billion in the same period of last year to US$ 11.64 billion, which was a year-on-year increase of 10.3%.

From January to August, a total of 10.91 million tons were exported, a year-on-year decrease of 17.5%. The accumulated export amount increased from 1.47 billion U.S. dollars in the same period of last year to 2.02 billion U.S. dollars, an increase of 37.5%. In the first eight months, coal has achieved a total net import of 93.47 million tons.

The figures show that China's major coal-related industries are basically maintaining a rapid growth rate of more than 10%, and energy demand is booming. Among them, the coal-fired power industry in which nearly 60% of the country’s coal consumption has been generating power for more than 300 billion kWh for the six consecutive months since March and is still showing increasing momentum. The accumulated power generation from January to August was 2.541 trillion KWh Increased by 13.9%.

According to experts from the China Logistics Information Center, due to the overall pattern of market supply and demand and changes in the international coal market price trends, China's coal market prices continue to show a slight downward trend. With the further reduction in the amount of coal deposits in downstream power plants, the gradual recovery of heavy industry electricity consumption, the coal market demand is expected to be good, and the tense atmosphere in the coal market is getting stronger. The upcoming winter coal storage period also exacerbates the tight supply of coal in the main producing areas. It is expected that coal prices in the market will stabilize and slowly rise.

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