China's Coal Output Up 10.6% in June

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Researched by Industrial Info Resources (Sugar Land, Texas)--China's coal output grew to 310 million metric tons (MMT) in June, an increase of 10.6% year over year, or a daily average output of 10.28 MMT, which was 0.67 MMT higher than the daily average output in May 2017.

From January through June 2017, China's accumulative coal output reached 1.71 billion metric tons, an increase of 5% year over year, or a daily average output of 9.46 MMT, which was 0.52 MMT higher than the daily average output in the same period of last year. The coal output has rebounded to 2015 levels, according to the National Bureau of Statistics of China.

On a regional basis, Inner Mongolia overtook Shanxi and regained the title of No. 1 coal producer in China. In June, coal output from Inner Mongolia reached 79.4 MMT, an increase of 19.2%; that of Shanxi reached 74.97 MMT, an increase of 12.9%; that of Shaanxi reached 49.24 MMT, an increase of 18.3%. From January through June 2017, the accumulative coal output of Inner Mongolia reached 461.91 MMT, an increase of 13.8%; that of Shanxi reached 417.18 MMT, an increase of 5.5%; that of Shaanxi reached 258.43 MMT, an increase of 9.2%.

In June 2017, China's coal imports reached 21.6 MMT, a drop of 0.7% year over year or a drop of 2.7% from the previous month. From January through June, China's accumulative coal imports reached 130 MMT, a drop of 23.5%, while the accumulative export of coal reached 5.38 MMT, an increase of 15.1%. From January through June, China's net coal imports reached 124.62 MMT.

In the market aspect, through the joint efforts of related parties, coal mines with 111 MMT or less of total production capacity were shut down in the first half of 2017. At the end of June, the China Coal Price Index reached 154.0, which was 5.5 points lower than the beginning of this year, but was 35.6 points higher than the same period of last year. As a result, the operation benefit to coal producers has been improved. In the first five months of 2017, the total profits of coal producers reached $18.14 billion, an increase of 35-fold.

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