Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
News for Outlets

Coal supply and demand in China may be tightly balanced in 2021, association spokesperson

December 02, 2020


Abstract : China is expected to have a tight balance between supply and demand of the coal next year, as the country's economic recovery will accelerate further, inevitably driving a new round of demand for coal consumption, according to Zhang Hong, spokesperson for the China National Coal Association (CNCA).

coal.png

BEIJING, Dec. 2 (Xinhua) -- China is expected to have a tight balance between supply and demand of the coal next year, as the country's economic recovery will accelerate further, inevitably driving a new round of demand for coal consumption, according to Zhang Hong, spokesperson for the China National Coal Association (CNCA). 

Zhang made the remarks at a briefing about 2021 China Coal Trade Conference on Tuesday. 

The conference is scheduled to kick off in Taiyuan, capital city of north China's Shanxi, a coal-rich province, from December 8 to 10. 

At the conference, large coal producers will sign medium and long-term coal supply contracts with the users, which is expected to see the amount of the coal exceed 1 billion metric tons (tonnes), according to Feng Yu, vice president of China Coal Transportation and Distribution Association. 

Feng said that the pricing mechanism for the medium and long-term contracts remain unchanged, namely, "base price + fluctuation", and the base price is still 535 yuan per tonne. 

Zhang believed that the amount of the coal included in the current medium and long-term contracts accounts for more than 70 percent of the national coal market, which has stabilized the coal market to a certain extent and avoided the big turbulences. 

According to CNCA, the national coal consumption from January to October this year was about 3.24 billion tonnes, down 0.8 percent year on year. The cumulative output of raw coal produced by the coal enterprises above the designated size amounted to 3.13 billion tonnes, an increase of 0.1 percent year on year. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: coal Shanxi

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial