China increases coal production
China produced 247.5 million t of raw coal in February 2011, a massive 20% more than February 2010, according to data from the National Bureau of Statistics. Total monthly production fell 7.7% from 268.2 million t in January. Analysts have attributed this to partial shutdowns over the week-long Lunar New Year holiday.
The overall picture shows growth, however, with the total production of the first two months of the year at 515.8 million t – 13.5% up on last year’s statistics.
High production and decreased demand have pushed down domestic prices in recent weeks.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/16032011/china_increases_coal_production/
You might also like
Woodside strengthens its Australian operations
Woodside has agreed to assume operatorship of the Bass Strait assets, unlocking potential development of additional gas resources, following an historic agreement with ExxonMobil Australia (ExxonMobil).
