Central province Hunan and eastern province Jiangsu completed 83% and 78% of their cuts, respectively, in the first six months, while Beijing, the northern province of Shanxi and northwestern Xinjiang were halfway through. Nine other provinces have yet to make any dent in their coal production overcapacity.
Coal production fell 9.7% during the first half of the year to 1.63 billion mt. Inventories were down 8.6% in the same period. Meanwhile, coal prices recovered, with coal shipped to Qinhuangdao Port up 50 yuan/mt ($7.49/mt) to 420 yuan/mt ($62.87/mt) on July 20.
