Henan province cuts 52.7 mln tonnes of coal overcapacity

Time:2019-07-10 09:22:52      Source: xinhuanet.com

Photo taken on Jan. 15, 2019 shows a train leaving the Hongqiqu station on Watang-Rizhao Railway in central China's Henan Province. Over 7,000 heavy-haul freight train trips have been made on the Watang-Rizhao Railway in 2018.

Central China's Henan Province has cut its coal overcapacity by 52.7 million tonnes in the past three years, said local authorities.

Henan plans to reduce a total of 62.5 million tonnes of coal overcapacity between 2016 and 2020.

More than 111,000 staff, who were working in related enterprises and were influenced by the reduction of overcapacity, have been provided new jobs, according to the local authorities.

This year, the province will cut its coal overcapacity by 10 million tonnes and shut down five coal mines to meet the five-year goal.

Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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