Home / News Type Content Tools: Save | Print | E-mail | Most Read | Comment
Coal Price Rise Acceptable
Adjust font size:
Pricing regulators said the present rise of coal prices in China is normal and acceptable as the whole industry has just shaken off a three-year loss.

The mild price rise follows a changing balance of demand and production capacity of coal - the most widely used fuel in the country.

"Coal prices are on the rise in some parts of the country, and they are returning to a fair level," said Zhang Guobao, vice-minister of the State Development Planning Commission (SDPC) which is charged with authority over pricing.

Statistics revealed that for the previous 11 months of 2001, the coal price secured an average year-on-year growth of 6 percent. And the price in October was 10 percent higher than in January.

"The rise, from 140 yuan (US$16.9) in 2000 to the present 150 yuan (US$18) per ton, does not mean the market is short of coal; on the contrary, the supply is stable," Zhang told China Daily.

The country had 100 million tons of coal in stock by the end of October. Storage is nearly one-tenth of the industry's production capacity in 2001, ranking it first in the world.

China also has the largest coal reserves in the world.

Zhang attributed the rise to a substantial decrease in coal production this year, while coal exports have been robust and domestic coal demand is expanding.

Coal production in China is likely to reach 1 billion tons for 2001 - A drop of 300 million tons below the level of 1997, when the coal price soared to 166 yuan (US$20) per ton.

"The decrease in production is mainly the result of massive closures of small mines with flawed safety measures," Zhang said.

Coal became pressingly important in terms of global energy consumption in 1997 when the international price of petroleum peaked. Most of the State-owned big coal companies moved from the red into the black that year.

Meanwhile, small coalmines mushroomed in number. The trend, coupled with a decline in global coal demand due to the aftermath of the Asian financial crisis, sent the big companies spiraling back into loss again in 1998.

It is predicted the coal price would be stable in the coming year.

(China Daily January 3, 2002)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Coal Mine Safety Tops Government Agenda
- More Coal to Be Exported
- Capital Bans Coal-Burning
- Small Coal Mine Operations Banned for Safety in Sichuan
- Coal City Turning to Other Industries
- Government Plans to Set up Coal Cartels
- Coalfield Curbs Ecological Deterioration
- Small Mines to Be Closed
- Beijing to Phase Out Coal for Cleaner Fuels
-
Most Viewed >>
- World's longest sea-spanning bridge to open
- Yao out for season with stress fracture in left foot
- 141 seriously polluting products blacklisted
- China starts excavation for world's first 3G nuclear plant
- 'The China Riddle'
- Irresponsible remarks on Hu Jia case opposed 
- China, US agree to step up constructive,cooperative relations
- 3 dead in south China school killing
- Factory fire kills 15, injures 3 in Shenzhen
- McDonald's turns to feng shui

Product Directory
China Search
Country Search
Hot Buys
主站蜘蛛池模板: 欧美精品亚洲精品日韩专区va| 色综合久久久无码中文字幕波多| 大香伊蕉日本一区二区| 中文字幕人妻第一区| 日韩在线免费电影| 亚洲一久久久久久久久| 欧美疯狂性受xxxxx另类| 人妻中文无码久热丝袜| 精品伊人久久久久7777人| 国产xxxxx在线观看| 青青青国产精品视频| 国产成人涩涩涩视频在线观看 | 再深点灬舒服了灬太大了在线观看| 里番本子侵犯肉全彩3d| 国产成人久久精品二区三区| 亚洲日本久久一区二区va| 国产精品林美惠子在线播放| 99久久无码一区人妻| 天堂俺去俺来也www久久婷婷| 一本色综合久久| 成人在线免费看| 中文字幕亚洲乱码熟女一区二区 | 成人福利app| 中文无线乱码二三四区| 日本欧美久久久久免费播放网| 九九视频在线观看视频23| 欧美一级黄色片在线观看| 亚洲国产精品激情在线观看| 欧美野性肉体狂欢大派对| 亚洲精品免费观看| 漂亮人妻洗澡被公强| 人人添人人澡人人澡人人人人 | free性欧美另类高清| 女人是男人的未来视频| zzzzzzz中国美女| 好吊妞视频在线观看| аⅴ中文在线天堂| 天天操天天干天天做| gta5圣堂酒店第三辆车在哪里| 女大学生的沙龙| 一区两区三不卡|