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National Bureau of Statistics: Growth in High-Quality Production Capacity Helps Stabilize the Coal Market
Release date:
2018-05-22
Source:
The National Bureau of Statistics recently released data showing that China's coal production in April increased by 4.4% compared to the previous month, reaching a daily output of 9.78 million tons. Additionally, data for the first four months of this year indicate that coal production rose by 3.8% year-on-year, totaling an increase of 40.97 million tons—a 3.8% growth. The steady rise in high-quality production capacity is contributing to the stable development of the coal market.
The National Bureau of Statistics recently announced Data Data shows that China's coal production in April increased by 4.4% compared to the previous month, reaching a daily output of 9.78 million tons. Additionally, figures reveal that coal production for the first four months of this year rose by 3.8% year-on-year, totaling an increase of 40.97 million tons—a 3.8% growth overall. The steady rise in high-quality production capacity is contributing positively to the stable development of the coal market.
Market analysts believe that, as the world’s largest coal-producing country, China has implemented a series of robust measures to help stabilize market coal prices within a reasonable range. These efforts include boosting high-quality coal production and capacity. According to an announcement from the Inner Mongolia Commission of Industry and Information Technology, the region’s total coal output in the first quarter reached 217 million tons, up 12.09 million tons—or 5.9%—year-on-year. Meanwhile, dispatch data show that Shanxi Province produced 280 million tons of coal in the first four months of this year, representing a 5.8% increase compared to the same period last year. In Shaanxi Province, coal production surged by 12.1%, reaching 160 million tons during the same period.
It is understood that, in order to further stabilize the coal market and help bring coal prices back to a reasonable range, relevant authorities will coordinate with key coal-producing regions and enterprises. While prioritizing safety, they will work to boost capacity utilization rates and ramp up production—particularly in the Jin-Shan-Mongolia region, where efforts will focus on achieving an additional output of more than 300,000 tons per day. At the same time, policies such as improving and implementing capacity replacement indicator trading will be refined and enforced, encouraging and guiding high-quality production capacities to be released more swiftly, thereby steadily increasing overall high-quality capacity by an additional 100 million tons.
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