Search: News Price
Home |  Register |  Price Index  |  Publication |  Consultancy |  Data |  Events |  Enquiry |  Language
Apr.24.2024 1USD=7.1059RMB
  SteelHome >>Raw Material>>Steelmakers' Info>>Industry Dynamics
 
China's Coal Market to Remain Stable

https://en.steelhome.com [SteelHome] 2011-10-24 18:32:24

share to social network site
Coal supply and demand will keep growing at moderate pace in China , and the market will remain generally balanced in the upcoming winter and spring , an industry association said on Oct 21.

Some regions will , however , periodically see tight supply , according to the China National Coal Association ( CNCA ).

The coal output in the first three quarters reached 2.69 billion tonnes , and the sales volume hit 2.64 billion tonnes . Both registered a growth rate of at least 10 percent , according to CNCA .

The annual output is estimated to exceed 3.5 billion tonnes this year , compared with about 3.3 billion tonnes last year . Coal imports are expected to hit 150 million tonnes , less than last year ' s 164.83 million tonnes .

Domestic demand will keep rising at a moderate pace amid steady economic growth , but uncertainty in the macro economy will decelerate demand growth , predicted Wang Zhanjun , an official with CNCA .

The association said the price hike this year was modest . The current reserve volume stands at 225 million tonnes , which is adequate for 19 days of use for the country ' s major power producers .

Xinhua

Related News
Search
News Price
Hot Topics
Latest Update
Most Viewed
上海市通信管理局
沪B2-20040629
Copyright© 2004-. SteelHome.com. All Rights Reserved
Shanghai SteelHome Information Technology Co., Ltd    Tel: +86) 021-50585733, 50585358    Fax: 021-50585277