Frbiz Analyzes Coal Economic Operation in First Half of 2010

BEIJING, Oct. 22 /PRNewswire-Asia/ -- Frbiz reports that in the first half of this year, coal output increased, while overall market supply and demand is balanced, fixed asset investment growth steady, enterprise economic benefit improved, and the quality of economic operation steadily increasing. It is expected that in the second half-year, the market supply and demand is overall in balance, coal demand growth slow, and supply exceeding demand.

Coal output increases. During the first half-year, national crude coal output reached 1,571 million tons; year-on-year increased 263 million tons, increased 20.1%. During the same period of time, national coal output reached 1,545 million tons; year-on-year increased 300 million tons.

Coal transport volume increased rapidly. During the first half year, the national railway transportation consumed 979 million tons, year-on-year increased 146 million tons; the main port reached transport volume of 270 million tons, year-on-year increased 44.5 million tons.

Coal stock increased. In late July, the national coal stock reached 204 million tons, which increased more than 32 million tons. Coal enterprises stocked 42.5 million tons, down by 6 million tons; in the main coal shipments port, coal stock was 19.2 tons, which increased more than 4.8 million tons.

Coal import continues to increase, while export continues to decrease. In the first half-year, national coal exports were 10.1 million tons, year-on-year reduced 1.3 million tons; imports were 81 million tons; year-on-year increased 33.5 million tons. The net import was 70.9 million tons of coal.

The price of coal and the total profit increase. in the first five months of this year, the large-scale coal enterprises' average price of coal was 4.39 RMB/ton, year-on-year increase 14.9 RMB/ton.

Coal fixed asset investment increased steadily. in the first five months of this year, the national coal market completed a fixed asset investment of 92.1 billion RMB, a year-on-year growth of 26.5%, which was higher than the fixed asset investment growth by 0.6 %.

Frbiz analyzes that in the second half-year, market supply and demand will balance, and the coal output will keep growing, while demand will slow, with increased supply and demand pressure. Frbiz.com predicts that in 2010, the national coal output will be around 3.3 billion tons, up 300 million tons compared with 2009. Coal net imports will remain relatively large-scale; expected to be around 120 million tons. The national economic structure, increased energy structure adjustment, implementation of the real estate regulation, energy conservation and emission reduction and other related policies, to a certain extent will restrain coal demand, and coal consumption growth may significantly slow, causing increased coal supply and demand pressure.

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SOURCE Frbiz.com