China Coal Industry Association Vice President and Secretary General Kang Ji-min, on the 18th in the first half of the coal economic operation of the briefing, said the first half of the demand for coal continued to drop, the national coal consumption was 1.97 billion tons, an increase of 2.8% growth year on year down 6.6 percentage points. 

At the same time, the coal supply capacity has substantially increased, mainly four-fold factors: first half of the national coal investment in fixed assets of 210.3 billion yuan, an increase of 23.1%. Coal production continues to grow. The first half of the national coal production was 1.91 billion tons, an increase of 5.6%. Decline in coal traffic. 6 month to send 176 million tons, down 5.5 percent, a decline of 11%; major port transhipment of coal in the first half of 312 million tons, down 4.1 percent the month of June, transshipment of 45.23 million tons, down Jinliang Cheng. Coal rapid growth in imports, net imports in the first half of 134.08 million tons, an increase of 77.5%. 

In addition to the demand down and supply growth, coal stocks of the whole society is increasing rapidly. End of June, the whole society of stored coal 278 million tons. Among them, coal and focus of power generation companies, coal storage in year-on-year growth Yu Sancheng major port coal storage in an increase of 67.3%. In addition, the market sentiment index fell to the increasing pressure of the coal business. Sales increased pressure of the coal enterprises, the costs continue to increase, the loan recovery difficulties, part of the corporate cash flow tight. 

He said that the duration of the coal economic downturn, the impact and scope is difficult to predict, is not optimistic. The coal industry should continue to adjust the structure to the way the control total, and stabilize the market, at the same time to strengthen internal management, savings and consumption reduction, Yaku and Improve Efficiency. (Cold exposed)