China coal output and sales growth all slow down

China coal output and sales growth all slow down

Effected by the slowdown of coal demand in the first quarter of this year, coal production and sales growth year on year were significantly slowed down. China Coal Industry Association recently released data shows that a quarter of the national coal production completed by838 million tons, an increase of 5.8%, sales totaled 828 million tons, an increase of5.7%. In the first quarter of last year, China's coal output and sales growth is 8.3% and6.8% respectively.
    Investment Advisor in the coal industry researcher Qiu Xizhe told the "Daily Economic News (micro blogging)," a reporter, since the fourth quarter of 2011, China's economic growth, showing a more pronounced downward trend, resulting in the decline of the steel, electricity, cement and other needs, and then resulting in coal production and sales growth eased.
   First quarter this year, the growth rate of electricity generation, crude steel and cement production all declined. Commerce Circulation Productivity Center coal analyst Lee Jeong said: "From the production capacity of the second quarter, domestic coal production has the ability to maintain growth momentum. However, due to slower growth in demand of coal, coal enterprise profitability appropriate decline in accounts receivable increase coal enterprises, in order to stabilize the market, or through market ability, and other arrangements for production, so that the coal production increased by an appropriate slowdown. "Lee Jeong-economic situation is weak, not very strong demand for coal as a whole, determine the future of coal The lack of upward momentum. However, with the merger and reorganization of coal enterprises continuously push forward, the industry concentration, continuous improvement, enhanced control of the market, a significant oversupply situation in the market, the coal industry is bound to limit production and other means to stabilize the market, inhibiting coal prices fell.
    According to the three main producing areas of the provincial coal department in charge of statistics, a quarter of Inner Mongolia, Shanxi, Shaanxi and other raw coal output to maintain a rapid growth momentum, the respective raw coal production of239.65 million tons, 217.78 million tons and 91.16 million tons, an increase of 15.4%,18.5% and 10.3%.
    Raw coal output increment in the three provinces is much higher than the national average incremental, that the coal production center of gravity to further focus to the three provinces, the country's total raw coal output increased proportion. "Chairman Lee said.
Machinery manufacturing industry provides the whole national economy with technology and equipment. Its level of development is one of the main indicators of the degree in industrialization of the country. In the early 21st century, the characteristic of machinery manufacturing industry is comprehensive utilization of modern high-tech.
 

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