CHINA-ECONOMY: CALL FOR 10 PER CENT REDUCTION IN MINING OF ANTHRACITE COAL

A statement published (April 18) on the website of the China Coal Transport & Distribution Association said a dozen Chinese anthracite coal mining companies had called on the industry to slash production by 10% from current levels amid weak demand caused by the coronavirus outbreak. The statement said while anthracite coal output is now back at last year’s levels, demand recovery has lagged, leading to a “severe mismatch” in market fundamentals. It quoted the 12 companies as saying Coal producers should limit output, focus on reducing inventory and eliminate outdated capacity to resolve the supply-demand imbalance. 






Subscribe to Newswire | Site Map | Email Us
Centre for China Analysis and Strategy, A-50, Second Floor, Vasant Vihar, New Delhi-110057
Tel: 011 41017353
Email: office@ccasindia.org