日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

Coal barons struggle amid falling coal prices

(Xinhua) Updated: 2012-07-26 10:55

TAIYUAN -- A slowing economy and waning demand for coal have triggered an 11-consecutive-week price drop after a decade of robust development, arousing great concerns among China's coal enterprises.

However, industry analysts believe the situation for the world's largest coal consumer and the third-largest reserver won't last long, although more imports, less consumption and poor economic prospects threaten to sap demand.

Coal barons struggle amid falling coal prices
Coal piling up at the Qinhuangdao Port in Hebei province, July 15, 2012. [Photo/Xinhua]

The China Coal Price Index shows that China's benchmark power-station coal price fell for the 11th week as stockpiles at the Qinhuangdao Port in Hebei province, which boasts one of the country's highest export volumes, rose the most in six months on slowing demand.

Coal with an energy value of 5,500 kilocalories per kilogram slid by 1.96 percent to 641 yuan ($100) per metric ton after 10 weeks of decline, data from the China Coal Transport and Distribution Association showed.

According to the CCTDA report, in the last two months, the price slumped 23 percent from the same period in 2011, indicating unusually weak industrial demand.

Sales of coal resources in coal-rich regions such as Shanxi, Shaanxi and Inner Mongolia have been seriously affected as a result.

Guo Xutian, CEO of Xinshi Coal & Coking Co Ltd, in north Shanxi province, China's second-largest coal production base, said the entrapped coal mine selling has resulted in lay-offs for two-thirds of workers.

"Sales were never a problem, but now, look at the coal piling up on the ground," Guo sighed, saying the company has been on limited production since April. "The price dived by 80 yuan to 120 yuan a metric ton, even though we didn't put the brakes on production. We are barely making ends meet, gaining zero profit," said Ma Zhi, chairman of Jinhuagong coal mine's trade union with Datong Coal Mine Group.

Chinese demand for coal, which fuels three-quarters of the nation's power plants, has slowed as the cooling economy curbs electricity consumption.

China's power generation rose 0.7 percent in April from a year earlier, according to the National Bureau of Statistics. That was down from 7.2 percent in March and marked the slowest pace of growth in three years.

Thermal power-generated electricity, which accounts for over 60 percent of overall electricity generation, climbed 4 percent in the January-May period, indicating a strong sign of decline compared to 7 percent in the same period last year. Water-generated electricity consumption rose by 35 percent in the southern regions.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 成人精品自拍 | 蜜桃成人在线观看 | 亚洲久久视频 | 国产香蕉9 | 在线观看国产黄 | 成人黄色免费观看 | 男人的天堂毛片 | 亚洲国产精品久久久久久 | 国产视频一区在线观看 | 亚洲欧美另类色图 | 成年人视频网 | 一级特黄特色的免费大片视频 | 黄色一级黄色片 | 日韩 欧美 中文 | 日韩中文字幕在线 | 欧美一区二区三区四区五区 | 99国产精品一区二区 | 亚洲资源网站 | 成年人在线观看av | 性欧美一区二区 | 久久影院国产 | 好了av在线 | 亚洲天堂网站 | 男人天堂av在线播放 | 婷婷五月在线视频 | 欧美一级网址 | 免费在线观看黄色片 | 91在线视频免费看 | 放几个免费的毛片出来看 | 久久夜色精品 | 婷婷日韩| 正在播放国产精品 | 久热精品视频在线 | 天天操天天射天天爽 | 日本一区二区三区中文字幕 | 亚洲国产精品成人va在线观看 | 欧美天堂在线视频 | av大片免费看 | 四虎精品在永久在线观看 | 半推半就一ⅹ99av | 国产97免费视频 |