China's coal hub Shanxi continues to slash overcapacity in 2020

Time:2020-01-14 09:57:34      Source:Xinhuanet.cn


Photo taken on July 9, 2019 shows China Railway Taiyuan Group Co., Ltd. inspectors patrolling on the Datong section of the Daqin Railway in Datong, north China's Shanxi Province.

China's major coal producer Shanxi Province plans to cut more than 15 million tonnes of overcapacity in 2020, according to the local energy administration.

This year, Shanxi will speed up efforts to promote coal mining in a more environment-friendly and intelligent way and close all its coal mines with an annual output fewer than 600,000 tonnes by the year-end.

Meanwhile, the coal hub will strengthen the protection of the environment and regulate the development of the coal washing industry.

By the end of 2020, the number of enterprises carrying on the business of coal washing and dressing will be limited to around 1,200. Shanxi aims to wash over 80 percent of the coal it produces.

Shanxi has 978 coal mines, with an annual coal output of 980 million tonnes in 2019.

To improve its coal industrial structure and pursue greener growth, the province has phased out nearly 116 million tonnes of coal production capacity by shutting down 106 coal mines over the past four years.

Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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