China's thermal coal output remains high in Jun, Fenwei survey

sxcoal.com Price,  Thermal Coal 2022-07-01 13:35:54

China's thermal coal mines maintained high level of production in June, in response to the government's call to ensure supply of the power generation material, showed the weekly survey in main production areas conducted by industry consultant Fenwei.


Coal production of the 100 mines surveyed by Fenwei in Shanxi, Shaanxi and Inner Mongolia reached 11.26 million tonnes in the week ending June 29, up 25.5% year on year but down 0.7% month on month.


This was the first decline in June, as some mines cut or suspended production due to longwall changes and insufficient sales quotas around the end of the month.


Based on the surveys, these mines were estimated to have produced 48.3 million tonnes of coal in June, down 2.1% month on month. The daily output, however, still registered a 1.13% growth from May and 15.5% increase from a year ago.


Given the dominant role of key producing provinces, China's total coal production is very likely to see a month-on-month decline in June, while maintaining high growth on a year-on-year basis.



Average capacity utilization of these coal mines stayed at a high level of 93-94% in June, led by state-owned mines, with Shanxi mines still above 99%. A few mines even operated above their designed capacity.  


Yet, capacity utilization showed a clear decline in the last week of June, mainly due to slowed purchases from end users and traders following the drop in the portside market.



Accordingly, coal stocks increased 3.14% week on week to 3.09 million tonnes at these mines as of June 29. Over 60% of the mines surveyed kept prices unchanged from a week earlier, and more mines cut prices by an average of over 90 yuan/t, compared with a decrease of 45 yuan/t in the previous week.  


Fenwei's survey on thermal coal mines is updated on weekly basis, and covers price, operating rate, stocks, production and logistics costs of each sample mine. If you wish to learn more about the dataset or take a trial, please reach us inquiry@fwenergy.com or +86 351 7219322.


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

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