(MENAFN- QNA) The production and sales of coal declined in the first eight months in China, according to the China Coal Industry Association.
China produced 2.52 billion tonnes of coal from January to August this year, down 1.4 percent from the same period last year, said the association.
The coal sold over the same period fell 1.6 percent year on year to 2.4 billion tonnes, China.org.cn. reported.
The association attributed the flagging industry mainly to the current off-peak season in terms of demand and low coal prices in the international market.
China's coal imports and exports also dropped. In the first eight months, China imported 202 million tonnes, down 5.3% year-on-year. Over the same period, the country exported 3.93 million tonnes, down 27.5%.
Coal stockpiles remained at a high level, amounting to more than 300 million tonnes. This is the 33rd month in a row that the figure has stayed above the 300-million-tonne line.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.