Jiangsu 2016 coal output down 29.5pct YoY

2017-02-17 08:47:00 Production & Sales sxcoal.com

Eastern China's Jiangsu province produced 13.46 million tonnes of raw coal in 2016, falling 29.46% year on year, showed data from the provincial Economic and Information Technology Commission.


Xuzhou Coal Mining Group, one large state-owned coal producer of the province, contributed 4.66 million tonnes or 34.6% of the province's total coal output over the same period, plunging 42.54% from a year ago.


Datun Coal & Electricity Co., Ltd, a subsidiary of China National Coal Group, produced 8.39 million tonnes of raw coal, sliding 6.926% from a year ago.


Coal output from local state-owned mines – owned by the provincial and lower-level governments – plummeted 78.75% year on year to 418,500 tonnes.


Commercial coal sales in the province reached 11.87 million tonnes in 2016, down 33.36% on the year.


Coal sales of Xuzhou Coal Mining Group and Datun Coal & Electricity Co., Ltd stood at 4.17 million and 7.28 million tonnes during the same period, falling 45.32% and 10.82% from the year-ago level; sales of local state-owned mines dropped 79.12% on the year to 424,200 tonnes.


In December, the province's coal output dropped 30.01% from a year ago to 1.03 million tonnes. Coal production from Xuzhou Coal Mining Group and Datun Coal & Electricity Co., Ltd were 308,800 tonnes and 703,900 tonnes, down 50.41% and 0.47% year on year; output from local state-owned mines slumped 87.79% year on year to 17,300 tonnes.


By end-December, commercial coal stocks in coal producing firms stood at 161,700 tonnes, increasing 8.23% on the year and up 15.58% from the start of the year.


In December, sales price of commercial coal averaged 857.91 yuan/t, rising 507.42 yuan/t from the year prior and up 50.37 yuan/t from November.


(Writing by Tammy Yang   Editing by Harry Huo)
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