Coal news and updates

China August coal transport down 16.5% y-o-y

China’s rail coal transport fell 16.5% on year and down 1.6% on month to 162.4 million tonnes in August, posting the ninth consecutive year-on-year decline, showed the latest data from the China Coal Transport and Distribution Association.

Over January-August, China transported a total 1.35 billion tonnes of coal through railways, down 11.8% from a year ago, data showed.

Of this, 922.7 million tonnes or 68.4% of the total was railed to power plants, down 12% year on year, with August haulage sliding 12.9% on year and down 1.8% from July to 113.4 million tonnes.

Coal-dedicated Daqin line transported 33.63 million tonnes of coal in August, falling 11.8% on year and down 2.2% from July. Total haulage between January and August dropped 9.3% from the year prior to 273.8 million tonnes.

source: http://en.sxcoal.com