Xinhua, Beijing :
The supply-demand mismatch in China’s coal industry has not seen a substantial change despite prices rebounding this year, an industry association said.
“There are still many uncertainties in the coal market, and we should not be blindly optimistic,” Wang Xianzheng, head of the China National Coal Association said.
The cautious tone came as coal prices have risen in recent months amid a government campaign to cut ineffective production. The price increase has seen some local governments and companies wavering in their efforts to cut capacity.
The Bohai-Rim Steam-Coal Price Index, a benchmark index, stood at 554 yuan (83 U.S. dollars) per tonne by September 21, a price increase of 49.3 percent since the beginning of the year.
At a press conference last Friday, an official from the National Development and Reform Commission (NDRC) attributed the price rise to increasing coal consumption, a crackdown on illegal production, as well as transport and logistics problems.
The supply-demand mismatch in China’s coal industry has not seen a substantial change despite prices rebounding this year, an industry association said.
“There are still many uncertainties in the coal market, and we should not be blindly optimistic,” Wang Xianzheng, head of the China National Coal Association said.
The cautious tone came as coal prices have risen in recent months amid a government campaign to cut ineffective production. The price increase has seen some local governments and companies wavering in their efforts to cut capacity.
The Bohai-Rim Steam-Coal Price Index, a benchmark index, stood at 554 yuan (83 U.S. dollars) per tonne by September 21, a price increase of 49.3 percent since the beginning of the year.
At a press conference last Friday, an official from the National Development and Reform Commission (NDRC) attributed the price rise to increasing coal consumption, a crackdown on illegal production, as well as transport and logistics problems.
