China's coal hub Shanxi continues to slash overcapacity, close mines

Time:2020-07-24 10:26:05      Source:Xinhuanet.com

Shanxi Province, a major coal producer in China, is expected to close 32 coal mines and cut more than 20 million tonnes of overcapacity this year, local authorities said.

Shanxi required companies to shut down the coal mines before the end of October, make proper arrangement for employees, and restore the environment, according to a notification released by the provincial government.

To improve its industrial structure and pursue greener growth, Shanxi had phased out nearly 116 million tonnes of coal production capacity and shut down 106 coal mines by the end of 2019, official statistics showed.

Currently, the province has more than 950 coal mines.

It will speed up efforts to promote coal mining in a more intelligent way. The province aims to implement intelligent mining in all coal mines by 2030.

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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