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China August coal production drops to lowest in 10 months

2017-09-15 10:09:03

Reuters

  China's monthly coal production fell in August from a month earlier, hitting its lowest since October 2016 as producers reduced output in the wake of major accidents in cuts that helped push domestic coal prices to a new high.

 
  China produced 291 million tonnes of coal in August, data released by the national statistics bureau showed on Thursday. That was the lowest level in 10 months, though up 4.1 percent from August 2016.
 
  Output over the first eight months of the year reached 2.3 billion tonnes, up 5.4 percent compared with the same period of last year.
 
  The crackdown also came as power companies flagged concerns about coal supplies ahead of the upcoming winter peak demand season.
 
  Meanwhile production of coke used in steelmaking fell 5.3 percent in August to 36.91 million tonnes, the lowest since April 2016. Year-to-date output was 295.69 million tonnes, up 1.3 percent compared with the same period last year.