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China signals coal-capacity cut equal to 7.5% of output in 2015

China says it’s reining in coal production as the country tries to curb the pollution choking the nation’s cities and eliminate so-called “zombie” companies in the struggling industry.

06-27-2016 10:18:02

Shenhua Group's gross profit drops by 50% to CNY31.8 bln in 2015

Shenhua Group made a gross profit of CNY31.8 billion in 2015, down by 50% YoY, the company said in its annual performance report on May 12th 2016.

05-12-2016 17:05:36

China Coal Energy makes a loss of CNY3.3 bln in 2015

According to the 2015 annual performance report released by China Coal Energy the other day, the company recorded a revenue of CNY59.271 billion in 2015, down by 16.1% YoY. Its gross profits slumped by 43% YoY to CNY4.104 billion. It made a net loss of CNY3.2.67 billion, or CNY0.25 per share.

03-23-2016 14:26:58

53% coal producers in Shuozhou suffer losses in 2015

Coal companies are exposed to various difficulties, including hiking accounts receivable amid difficult sales, intensifying financial pressures amid increasing production cost and slumping corporate profits.

02-23-2016 09:29:03

27 listed coal firms see a loss of CNY17.5 bln in 2015

According to the China National Coal Association, over 80% coal makers were in the red in 2015, and even the most profitable listed coal firms saw performance worsening.

02-19-2016 11:03:25

19 listed coal companies see 2015 net profits fall by CNY40 bln

A few coal makers are still barely profitable at 2015’s average price of CNY425/mt, but no one can avoid losses given prices stay at the current level of CNY370/mt throughout 2016.

02-15-2016 10:58:12

Coal resource tax reforms remove CNY18.1 bln cost burden for coal sector in 2015

According to the State Administration of Taxation, a total of CNY33.3 billion resource tax was levied on the coal sector in 2015 after the levy shifted to a price-oriented mode, hiking by CNY18.5 billion or 125% on the year, while a total of CNY36.6 billion fee fund was reduced.

01-27-2016 16:08:25

Shenhua's coal sales down by 17.9% in 2015

In 2015, China’s coal consumption dropped amid sluggish demand, a mild winter and energy structure adjustment, and Shenhua Group properly reduced output from inefficient mines and coal trading volume, which brought out a 17.9% decline in its coal sales.

01-27-2016 13:55:16

China produces 3.695 bln mt of raw coal in 2015

According to the National Bureau of Statistics, China’s raw coal output reached 316.59 million mt in December, 2015, down by 0.3% YoY and 0.11% MoM. It was the first monthly decline after a 3-consecutive-month increase.

01-22-2016 09:54:46

China Coal's commercial coal output down by 14.6％YoY in 2015

China National Coal Corporation (China Coal) totally produced 95.47 million mt of commercial coal in 2015, a yearly slip of 14.6%. The output had been sliding for three consecutive years under sluggish coal market and capacity restriction policies.

01-21-2016 17:25:39

Qinhuangdao Customs refuses about 20,000 mt of imported coal cargoes in 2015

Qingdao Customs discovered the other day that some company’s 4,990 mt of imported anthracite cargo carried a much-higher-than-required mercury content and returned it to the origin country immediately.

01-14-2016 17:17:15

Shenhua Shenbao Energy makes a profit of CNY28/mt in 2015

When China coal market suffered a downturn amid overcapacity, sliding prices & sales and fierce competition, Shenhua Group Shenbao Energy produced 25 million mt of coal and made a total profit of CNY650 million in 2015, translating into a unit profit of CNY28/mt.

01-04-2016 14:48:47

Chongqing phases out 12.71 mln mt/yr backward coal-making capacity in 2015

As of December 29th, 2015, the 29 coal producing regions and Chongqing Energy Investment Group Co. in Chongqing city had shut 210 coal mines, with a combined capacity of 12.71 million mt/yr

12-31-2015 17:29:41

China coal exports increase by 17.78% YoY in August 2015

According to the General Administration of Customs, China’s coal exports amounted to 530,000 mt in August 2015, a monthly growth of 120,000 mt or 29.27% and a yearly increase of 80,000 mt or 17.78%.

09-10-2015 10:39:57

China coal imports slip by 17.73% MoM in August 2015

According to the General Administration of Customs, China’s coal imports reached 17.49 million mt in August 2015, a yearly drop of 1.37 million mt or 7.26% and a monthly slump of 3.77 million mt or 17.73%.

09-10-2015 10:14:18

Benzene hydrogenation run rate in H2, 2015

China domestic benzene hydrogenation units total gross capacity at around 7.05-7.10 million mt, however annual capacity of feedstock crude benzene is only 5.70-5.80 million mt, ripping demand gap with around 1.40 million mt.

08-20-2015 11:07:41

China coal imports to drop further in 2015, but to firm in longer term

Low-cost imported cargoes crowed some domestic materials out of the market and weakened the domestic market further. China coal market is predicted to stay flagging in August as supply glut overweighs a peak consumption season.

08-19-2015 17:24:01

Propane market in the first half of 2015

Propane market rebounded after a short-period of decline at the beginning of 2015, with index fluctuating around 3,902-4,898 points, reached the highest point in early March and began to go down since milled March. Transactions were getting worse amid slight fluctuations.

06-25-2015 18:02:03

A roundup of China coal industrial indicators in January-May 2015

In May, rail coal shipment dropped by a large rate, coal stockpiles at key ports fell and steam coal prices trended to stabilize. Coal freight rates hit the year’s high at the end of the month. Coal imports notched a new low, coal exports kept dull and fixed asset investment continued to slide.

06-17-2015 10:52:56

Analysis on China thermal power plants' status in 2015

In recent years, the proportion of nuclear power, wind power and solar power has risen to some extent, but coal-fired capacity still accounts for about 73% of the total, with thermal power generation taking up over 80% of the total.

06-11-2015 17:18:05

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