Date
18 October 2017

Coal oversupply to extend into 2014, Xinhua says

Structural oversupply is expected to persist in China’s coal industry in the first half of the year before becoming more balanced in the second half, Xinhua reported Wednesday, citing Jiang Zhimin, vice chairman of the China National Coal Association. Coal production was about 3.7 billion metric tons in 2013, more than the 3.61 billion metric tons consumed, according to data published Wednesday by the association. Coal inventory at the end of December last year was 84 million metric tons, up 700,000 metric tons from a year earlier and 30 million metric tons higher than end-2011. Net imports of coal last year came to 320 million metric tons, up 40 million metric tons year on year, the report said.

– Contact HKEJ [email protected]

TL/AC/SK

 

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