CNCA expects supply and demand of coal market to maintain basic balance in 2022
2022-03-31 14:41:34 [Print]
On March 30, China National Coal Association (CNCA) released the 2021 Annual Report on the Development of Coal Industry. According to the report, China's raw coal output reached 4.13 billion tons in 2021, a record high; The proportion of coal consumption in total energy consumption decreased to 56%. In 2021, the country approved about 200 coal mines with the new capacity of about 300 million tons per year increased, of which the newly-increased capacity of central enterprises was about 94 million tons per year.
According to the report, from the perspective of demand, it is expected that the coal demand will maintain a moderate growth with the growth rate to fall in 2022; From the perspective of supply, China's coal output will maintain a moderate increase in 2022, and the increment will be further concentrated in the area of Shanxi, Shaanxi, Inner Mongolia and Xinjiang.
According to the report, from the perspective of demand, it is expected that the coal demand will maintain a moderate growth with the growth rate to fall in 2022; From the perspective of supply, China's coal output will maintain a moderate increase in 2022, and the increment will be further concentrated in the area of Shanxi, Shaanxi, Inner Mongolia and Xinjiang.
