Coal production in the first quarter showed negative growth

It is reported that in the first four months of this year, the country’s total coal production and coal investment in fixed assets presented “two negative growth”: In the first four months, the national coal output was 1.15 billion tons, a year-on-year decrease of 23 million tons or a drop of 2%; Coal investment decreased by 6.6% year-on-year.

Wang Xianzheng, president of the China Coal Industry Association, said that since the beginning of last year, the national coal economy has undergone major changes, coal demand has slowed down, the economic efficiency of enterprises has declined, and some companies have suffered losses. In addition to the "two negative growths" in total production and investment in fixed assets, the coal economy has also exhibited "two highs" and "two declines."

The “two highs” means: First, the coal stocks in the entire society remain high. At present, the total social coal inventory is 292 million tons, which is about 150 million tons more than the normal social inventory. It is difficult to remove stocks. Second, the amount of imported coal has remained high. In the first four months, China imported 110 million tons of coal, a year-on-year increase of 25.6%, which has become increasingly prominent in the domestic market.

"Two declines" mean: First, the economic benefits of coal companies have fallen sharply. In the first quarter, the main business income of coal enterprises above the designated size decreased by 2.6% year-on-year, and profits dropped by 40.3% year-on-year. Some large-scale enterprise groups have suffered losses, and individual companies have experienced ** wages and delayed wages. The second is the decline in coal prices.

In view of the current situation in the coal industry, Wang Xianzheng stated that it is necessary to improve the long-term stable supply support capability of coal throughout the country and pay close attention to the issue of coal restructuring. At the same time, it is necessary to pay close attention to the impact of coal economic downturn on coal mine safety, strengthen the sense of responsibility, increase the investigation and management of hazards such as gas and water hazards, and improve the safety and security capabilities.