This year, China's coal demand growth may slow down

Zhang Guobao, director of the State Energy Administration and director of the Coal Mine Methane Prevention and Control Leading Group, said on January 12 that in 2009, as the country’s effect of expanding domestic demand and promoting economic growth measures became more apparent, it was expected that coal demand would continue to grow, but The increase may slow down.

Zhang Guobao stated at the sixth meeting of the Interministerial Coordination Group of Coal Mine Gas Prevention and Control that due to the rapid spread of the international financial crisis and the deceleration of world economic growth, coupled with the deep-seated contradictions and problems in China's economic life, China is currently Difficulty in economic operations increased, economic downward pressure increased, and business difficulties increased. At present, the output of power, steel, building materials, and chemical products, which are closely related to the coal industry, is on a downward trend, and the demand for coal is slowing in the short term.

According to reports, since August 2008 coal prices have fallen month by month. At present, the price of thermal coal in Qinhuangdao has dropped by more than 400 yuan from the highest price in the middle of the year; the market price of coking coal has dropped by 1,000 yuan, a drop of 50%. The increase in coal inventories, the serious withdrawal of payment from coal companies, and the overall loss of thermal power companies.

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