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The Coal Production Is Higher Than Coal Control Index

Date:18/05/2019   View: 463   Tags: Coal Production Coal Control Index
According to estimates, in the late 13th Five-Year Plan, due to macroeconomic development and coal consumption, China's coal production will still be higher than coal control indicators. “The decline in coal control and coal consumption is a long-term trend. The structural reform of the supply side of the coal industry is still on the road and has a long way to go.”

       China is the world's largest coal producer and consumer. According to the "China's coal industry's "13th Five-Year Plan" mid-term evaluation of coal control and its later outlook, China's coal control project has achieved remarkable results in the middle of the "13th Five-Year Plan". In terms of capacity, from 2016 to 2018, China's coal industry withdrew a total of 810 million tons of production capacity and completed the target of 550 million tons in the “13th Five-Year Plan” ahead of schedule.

       According to the analysis of China Coal Industry's “Thirteenth Five-Year” Coal Control Mid-term Evaluation and Later Outlook, it is estimated that by 2020, China's coal industry will have a total production capacity of 4.5 billion to 4.7 billion tons, with a production capacity of 3.7 billion tons and a capacity utilization rate of over 75%. The problem of overcapacity is basically solved. At the same time, the concentration of production in China's coal industry has increased significantly. By 2020, the number of coal mines nationwide will be reduced to around 5,000, and the proportion of large coal mines will rise to 82%.

       In terms of short-boarding, coal science capacity has increased year by year, from 2.055 billion tons in 2016 to 2.341 billion tons in 2018. The number of coal safety accidents and deaths has decreased year by year. The death rate of millions of tons of coal mines has dropped from 0.152 in 2016 to 0.093 in 2018. In terms of the number of coal mines, the number of coal mines nationwide has been reduced from 8,100 in 2016 to 5,800 in 2018, completing the goal of 6000 in 2020 in the 13th Five-Year Plan.

       "China's coal industry's "13th Five-Year" coal control mid-term evaluation and later outlook" believes that the optimization of production capacity structure will become the main tone to resolve the excess capacity of coal, coal supply concentration will increase, resulting in regional, time-consuming coal supply shortage Intensified. Therefore, it is necessary to correctly handle the relationship between the total amount of control and the supply of guarantees, especially the coal production needs to consider the risk of the downside of coal demand.

       China's coal industry's de-capacity mainly focuses on increasing the advanced production capacity in an orderly manner and orderly withdrawing backward production capacity. The release of advanced high-quality production capacity will force the exit of backward production capacity to improve the quality of production capacity.

       According to the "13th Five-Year Plan for Coal Industry Development", China's coal production in 2016 and 2017 was 3.75 billion tons and 3.81 billion tons respectively. The coal control indicators were 3.663 billion tons and 3.599 billion tons respectively, and the actual output was 3.44 billion yuan. Tonnes, 3.52 billion tons, coal production did not exceed the coal control scenario production, completed the coal control scenario indicators.

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