Coal supply in China is increasing, coal prices are decreasing
China has been increasing its coal production since October this year to increase supplies and reduce prices during the winter heating season, the State Committee for Development and Reform of the People's Republic of China said on Monday.
Average daily coal production in China reached 11.66 million tons from November 1 to 5, an increase of more than 1.2 million tons since the end of September this year. The maximum daily production reached 11.93 million tons, a record high in recent years, according to a statement on the agency's website.
Coal prices are likely to fall steadily in the future due to an increase in coal production and supply in the country, as well as an increase in coal reserves at power plants and ports, the State Committee for Development and Reforms said. >