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Home | News |Market needs of coal remain sluggish in China
Market needs of coal remain sluggish in China
Updated: 2015-01-23 13:21 Source: PUWORLD share:

PUWORLD(2015-01-23): Domestic demand remained insipid hence the production and marketing of industrial giants were not satisfactory. According to 2014 operation data published by “boss” of coal industry——Shenhua, its output of commercial coal amounted to 3.066 million tons in 2014, decreased by 3.6% compared to the previous year.  Sales volume amounted to 4.511million tons in total, decreased by 12.4% compared to last year.

According to the announcement, sales volume of coal saw a decrease of 22.5% on a year-on-year basis in December from the premier 0.407 million tons.      In terms of import volume, it also decreased by 91.3% in December on a year-on-year basis and the annual decline amounted to 54.6% in 2014.Besides, China Coal Energy Company also witnessed double reductions of production and sales.

Insiders think that the lackluster demand and low-priced import coal should account for this phenomenon. That’s why domestic prices remain low.

By Tina(tina@puworld.com)

 

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