HomeProduct Complimentary download China May coal output down 6.1pct on yr: NBS

China May coal output down 6.1pct on yr: NBS

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Publish time: 11th June, 2015      Source: www.cnchemicals.com
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China produced 309.39 million tonnes of coal in May, down 6.1% year on year but up 3.8% month on month, said the National Bureau of Statistics (NBS) on June 11.Over January-May, total coal output of China stood at 1.46 billion tonnes, down 6% on year, showed the NBS data, as miners scaled back production to avoid losses caused by low prices as supply continued to exceed demand in the domestic market.Coal miners have been hit hard by prolonged weakness in domestic demand, as the release of more production capacity after years of expansion coincided with a slowdown in the Chinese economy and the government’s effort to increase the use of clean energy to reduce pollution.The Chinese government has vowed to further curb illegal coal production by carrying out an overall inspection on coal mines construction and production in main producing areas, according to a document published on the NDRC's website on June 3.Coal mines illegally built, producing beyond approved capacity or with safety issues would be asked to shut operation to rectify within a time limit, and those fails to do so will be forced to close by the provincial government.China’s domestic coal prices showed signs of stabilizing in the second half of May, but overall market conditions remain discouraging, as the country is expected to see further rise in hydropower output while industrial power demand shows no signs of apparent improvement.