According to the Xinhua Overseas Finance reported, Dong Yue Ying at an industry conference said the above. He said, steel, power, as well as the construction industry's demand for coal will continue to slump. The Dong Yue Eagle national electricity consumption is expected in the second half-year will be increased by only 6.8%, while the crude steel production will grow by 2% year-on-year.

        The Dong Yue Hawk said, by the slowdown in the domestic economy, domestic demand for coal in the full year will be flat with last year, or only a slight increase over last year.

        Due to global oversupply of coal, and the international market price of coal is relatively low, expected China's net coal imports in the second half of the year will continue to increase. The Dong Yue Eagle said that this year, China's coal imports are expected to reach 250 million tons, of which imports coal from Colombia, South Africa and Mongolia will grow.

        The Dong Yue Eagle domestic market oversupply situation, in July of this year, China's coal production and consumption during the year for the first time declined. Data, according to the China Coal Transportation and Marketing Association, China's coal output in July was 3.1 million tons, a decrease of 1% compared to the same period last year, only 295 million tons of coal consumption, a decrease of 2.7% compared to the same period last year.

        The Bohai thermal coal price index (Bohai-Rim Steam-Coal Price Index) Following the rebound after bottoming in early August, the week ended Aug. 28, the index rose 0.2 percent to 627 yuan per ton.