In the January to September period of this year, China’s total coal output amounted to 2.88 billion mt up 3.6% ona year-on-year basis. In the first three quarters of 2012, China’s overall coal consumption totaled 3.02 billion mt up by 2.8% year-on-year.
As of the end of September this year, total coal inventory in China stood at 287 million mt. However, in the given period sales of domestic coal in China reached 2.78 billion mt increasing by 2.4% year-on-year. In the first nine months of this year, China’s net coal imports totaled 200 million mt, indicating an increase of 44% year-on-year, while the country imported 20 million mt of coal in September. Meanwhile, in the January to August period of this year, the aggregate net profit of 90 major coal enterprises in China indicated a decrease of 14.5% year-on-year.
