China Coal Industry Association, 17, released data, the first 10 months of this year, the national coal consumption of about 32.3 tons, down 1.6 tons, down 4.7%. In last year, China's coal consumption in the first negative growth in 15 years, coal consumption continues to show a downward trend.
The association also believes that, the coal market oversupply situation is short. But the association operation Department deputy director Li Xin predicted, coal prices continue to decline in the limited space, the second half of next year or low to stabilize.
The decline of coal consumption and the ecological relationship between the downstream industry. Data show that in the four large coal industry, in addition to the chemical industry's top 10 months consumption of coal an 8.7% growth outside, electric power, iron and steel, building materials industry, the coal consumption decreased 6.4%, 3.4% and 8.1%, respectively.
China coal industry association analysis, economic growth is slowing, the development of non fossil energy, environmental constraints, high energy consumption and other factors, resulting in reduced demand for coal. From the perspective of the downstream industry, steel and cement and other high energy consumption products have basically reached a peak; thermal power generation utilization hours of decline, is expected to fall to 4400 hours this year.
Decline in demand for coal consumption, but also exacerbated the downturn in the coal industry. Data show that the first 10 months, the national coal production fell by 3.6%. At the same time, prices fell sharply, the power coal prices fell significantly, the current coal prices have fallen back to the end of 2004. In addition, the efficiency of coal enterprises fell sharply. Prior to the three quarter, the national scale coal enterprises profit 28720000000 yuan, down 64.4%; loss of 73050000000 yuan loss, an increase of 32.9%.
Dong Yueying, director of the economic operations department of China's Coal Industry Association, said that although the total coal demand and strength, but in a relatively long period of time, China's coal based pattern will not change, the proportion of coal consumption will remain at the same time, to achieve sustainable and healthy development of coal carbon industry is essential.