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| China Shenhua's May coal output slips 6% on year; sales slide 14% |
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| News Source：http://www.jinchemical.com/
; SendDate：2014-6-24 9:43:38 |
China Shenhua Energy, the listed subsidiary of the Shenhua Group, produced 25.2 million mt of commercial coal in May, down 5.6% from a year ago but up 4.1% from April, the company said late Tuesday.
The company's coal sales stood at 38.0 million mt, down 13.8% year on year and down 3.3% from April -- the third consecutive month of month-on-month decline.
Over January-May this year, China Shenhua Energy produced 129.3 million mt of commercial coal, down 2% from a year ago. Total sales during the period fell 5.4% year on year to 186.8 million mt, of which 50.6% comprised seaborne shipments to China's coastal provinces and the rest to the inland market.
In May, the company sold 19.2 million mt of coal via northern China ports, down 8.1% year on year and down 13.1% from April. Of this, 59.4% or 11.4 million mt were shipped from Huanghua port, down 1.7% year on year and down 10.2% from April.
It did not give a breakdown between thermal coal and coking coal.
The company's coal imports surged 83.3% year on year to 1.1 million mt in May, which was unchanged from April, while total imports over January-May reached 3.3 million mt, tumbling 41.1% from a year ago.
Meanwhile, China Shenhua Energy generated 17.98 TWh of electricity in May, up 0.7% year on year and up 0.8% from April, while total power output over January-May rose 2.2% year on year to 87.66 TWh.
The company's power sales in May stood at 16.93 TWh, edging up 1.1% year on year and up 0.6% from April. Total power sales over January-May rose 2.3% year on year to 81.80 TWh.
Fenwei Energy is a leading provider of coal market information in China.
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