China Coal Energy Feb coal sales up 57.6pct on mth

sxcoal.com Company,  Production & Sales 2017-03-21 12:05:00

China Coal Energy Co., Ltd, the listed arm of China National Coal Group, sold 10.45 million tonnes of commercial coal in February, rising 13.6% year on year and surging 57.6% month on month, the company said in its latest statement.


Of the sales, 7.18 million tonnes were self-produced commercial coal, increasing 23.4% year on year and up 48.7% from January.


The increased sales were partly attributed to increased demand from downstream utilities. Data showed that daily coal consumption of China's six major coastal power companies averaged 550,500 tonnes in February, up 40.7% from an average of 391,300 tonnes in corresponding period last year.


In the first two months, the company sold 12.01 million tonnes of commercial coal, falling 10% from the year before.


China Coal produced 6.34 million tonnes of commercial coal in February, up 4.4% year on year but down 8.1% from a month earlier.


The production during January-February stood at 13.24 million tonnes, sliding 1.1% from the year prior.


China's coal market began to gain upward momentum in mid-February, thanksto recovery of economy, low hydropower generation and relatively low coal output at mines after the Lunar New Year.


Coal production has started to increase recently after the two parlimentary sessions ended in mid-March, and more mines in Yulin are getting back to production, said traders.


On March 21, coal stocks at Qinhuangdao port stood at 4.75 million tonnes, up 10.9% from 4.29 million tonnes on March 10.


China Coal expected its net profit to be 1.8 billion-2.2 billion yuan in 2016.



(Writing by Tammy Yang  Editing by Harry Huo)
For any questions, please contact us by inqury@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editors Recommendations

1 Could cold snap prop up China thermal coal prices? 2018-12-10

A new wave of cold snap gripping most areas in China may partly bolster thermal coal market at a time when the January-November imports of the power-generating ingredient surpassed the total import in

2 Coal trades lack strength at N China ports, yet bullish sentiment simmering 2018-12-10

Thermal coal trades remained thin at northern Chinese ports last week, partly as prices have been falling close to traders' breakeven point, but most of them expected the market to improve later.

3 China's import thermal coal trades stagnate amid wait-and-see mood 2018-12-10

China's import thermal coal trades remained stagnant amid strong wait-and-see sentiment among both end users and traders. The latest coal import seminar convened by Chinese authorities also failed to

4 China Coal Daily Track (Dec 10) 2018-12-10

Thermal coal Domestic market Production area In Shaanxi, coal prices were in temporary stabilization but some miners reported sale pressures. In Ordos, Inner Mong

5 Tangshan port Jan-Nov cargo handling exceeds 570 Mt 2018-12-10

Tangshan port, located in southeastern coastal region of Tangshan city of Hebei province, registered total cargo handling of 572.32 million tonnes over January-November this year, up by 8.86% from a y

6 China PPI rises 2.7% in Nov 2018-12-10

China's producer price index (PPI), which measures costs for goods at the factory gate, rose 2.7% year on year in November, the National Bureau of Statistics (NBS) said on December 9. The

7 Weekly global coal market news summary (Dec 3- Dec 7) 2018-12-07

Indonesia's Dec HBA thermal coal price dips for 4th mth to $92.51/t Indonesia's Ministry of Energy and Mineral Resources has set its December thermal coal reference price, also known as Harga

8 Cold front hitting China's south & east – but coal traders may love it 2018-12-07

A strong cold front not only brings the first snowfall of this year to some northern cities, it also causes sharp temperature drop in the south. The National Meteorological

9 Shanghai steel rebar futures set for best week in 5 mths on glut concerns 2018-12-07

China's steel rebar dropped nearly 2% on December 7, but is poised for its best week in nearly five months, reflecting persistent concerns over surplus supply amid high utilisation rates at steel mill

10 Chinese coal importers avoid taking position amid policy uncertainty 2018-12-07

Chinese thermal coal traders are shy of taking positions in the seaborne import market, as the country's import policy remains up in the air. Considering the policy risk, one Beijing-base

Most Read Articles

1 Cold front hitting China's south & east – but coal traders may love it 2018-12-07

A strong cold front not only brings the first snowfall of this year to some northern cities, it also causes sharp temperature drop in the south. The National Meteorological

2 China coking coal rallies to 15-month high amid tighter supply 2018-12-07

Chinese coking coal futures jumped to their highest in nearly 15 months on December 7, supported by tighter supply amid safety checks at coal mines, while coke surged nearly 6% to a five-week high.

3 Weekly global coal market news summary (Dec 3- Dec 7) 2018-12-07

Indonesia's Dec HBA thermal coal price dips for 4th mth to $92.51/t Indonesia's Ministry of Energy and Mineral Resources has set its December thermal coal reference price, also known as Harga

4 Tangshan grapples with emissions discharged by steel mills 2018-12-07

Sintering machines and pelletizing devices equipped in steel mills in Tangshan city in northern China's Hebei province will be asked to suspend production for rectification till December 31, if they f

5 Shanghai steel rebar futures set for best week in 5 mths on glut concerns 2018-12-07

China's steel rebar dropped nearly 2% on December 7, but is poised for its best week in nearly five months, reflecting persistent concerns over surplus supply amid high utilisation rates at steel mill

6 Shanxi approves trial run of 6 coal mines with 16.4 Mtpa capacity 2018-12-07

Shanxi Energy Administration has approved 2 mines' requests of expanding previous planed trail run period and 4's proposals of starting trail run since November. The 6 coal mines with combined designe

7 A review of 1st Coking Coal Market Analysis & Blending Technology Application Summit 2018-12-03

The 1st Coking Coal Market Analysis & Blending Technology Application Summit co-hosted by Shandong Coking Industry Association and Fenwei Energy Information Services Co., Ltd. wrapped up successfu

8 China Coke Market Analysis and Forecast (Dec 2018) 2018-12-06

Despite strong support from coking coal prices, China's metallurgical coke market was badly hammered in November by steel price nosedive. In November, the market has experienced

9 China Nov coal import extends decline for 4th mth; down 17% on mth 2018-12-08

China imported 19.15 million tonnes of coal in November this year, down 17% from the previous month, showed the latest data released by the General Administration of Customs on December 8.

10 China spot thermal coal market may trend down further 2018-12-04

China's spot thermal coal market is forecast to further trend down in the high demand winter season, but the downside space could be limited, as downstream utilities have low demand for spot coal afte