China's Coal Output Reaches 287 Million Tons in February 2012, up 21% Year Over Year

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Researched by Industrial Info Resources China (Beijing, China)--In February 2012, China's coal output reached 287 million metric tons, an increase of 49.96 million metric tons, or 21% year over year. The output of state-owned key coal mines reached 166.68 million tons, an increase of 27.79 million tons, or 20% year over year, according to a recent report from the National Bureau of Statistics of China.

From January to February 2012, the accumulative coal output reached 539.72 million metric tons, an increase of 27.27 million metric tons or 5.3% year over year. The output of state-owned key coal mines reached 322.53 million tons, an increase of 26.96 million tons or 9.1% year over year.

Although China accounted for about 50% of global coal production, the country's coal imports surged to a new high. In January 2012, China's coal imports reached 19.65 million metric tons, including 3.28 million tons of lignite, a decline of 1.1% year over year, or 23.4% compared with the previous month. Of which, the import of power coal reached 6.49 million tons, an increase of 76% year over year; that of anthracite reached 2.51 million metric tons, an increase of 5.9% year over year; that of coking coal reached 3.45 million metric tons, a drop of 38% year over year. In February 2012, China's coal (including lignite) imports reached 20.55 million tons, an increase of 167.1% year over year. From January to February 2012, the accumulative coal imports reached 40.2 million metric tons, an increase of 51% year over year.

(Note: Calculated based on the exchange rate of $1=CNY 6.3)

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