China June Coal Output Hits Record
China’s coal output rose in June from the previous month to a record high, as miners ramped up production to ensure supply ahead of peak summer demand for electricity. The world’s top coal producer churned out 333.35 million tonnes of coal in June, up 6.7% from May and up 10.4% YoY. Output over the first half of 2019 reached 1.76 billion tonnes, up 2.6% from the same period last year. Summer is typically a high season for electricity demand in China due to increasing use of air conditioners in hot weather.
China’s state planner and energy administration have asked miners, especially big producers in Shanxi, Shaanxi and Inner Mongolia, to step up production of high-quality coal to meet increasing demand.
China generated 583.4 billion kilowatt hours of power in June, up 2.8% YoY, the data showed, with coal-fired power generation rising 0.1% from a year ago after two months of YoY declines.
Meanwhile, Beijing has been approving new coal mining capacity in recent months despite a push to promote clean energy and reduce its carbon footprint.
Source : Reuters