The hottest output fell for the first time in 14 y

The "supply exceeds demand" trend of coal output for the first time in 14 years continues

the "supply exceeds demand" trend of coal output for the first time in 14 years continues

China Construction machinery information

"according to the express report, the national coal output completed 3.52 billion tons in the first 11 months of last year, a year-on-year decrease of 2.1%. It is expected that the annual output will decrease by about 2.5% year-on-year, which is the first decline since 2000."

Jiang Zhimin, vice president of China Coal Industry Association, said recently that under the new normal, the coal industry will also enter a period of slowing demand growth, a period of digestion of excess capacity and inventory, a period of enhanced environmental constraints and a period of structural transformation. In 2015, the situation of market supply exceeding demand is still difficult to fundamentally change, the pressure of enterprise operation is still large, and the industry operation situation is still severe

the loss rate of enterprises exceeded 70%

JIANG Zhimin pointed out in his report on the coal economic operation situation in 2014 that under the influence of multiple factors such as weak demand in the coal market, advanced production capacity construction, and still large import scale, the contradiction between supply and demand in the coal market was prominent, inventories increased, prices fell, benefits fell, and business pressure increased in 2014. With the implementation of the national poverty relief policies and measures for the coal industry, there have been some positive changes in the market since the fourth quarter, but the operation situation of the whole industry is still grim

according to the express report, the national coal output in the first 11 months of last year reached 3.52 billion tons, a year-on-year decrease of 2.1%. The annual output is expected to decrease by about 2.5% year-on-year. In the whole year, the railway shipped 2.29 billion tons of coal, a year-on-year decrease of 30.44 million tons, or 1.3%. By the end of 2014, coal enterprises had stored about 87 million tons of coal, an increase of 2.6% over the beginning of the year; Key power generation enterprises stored 94.55 million tons of coal, an increase of 14.09 million tons over the beginning of the year, an increase of 17.1%, which can be used for 24 days

from the perspective of national coal prices, the coal market price experienced a sharp decline at the beginning of last year and a slight recovery after October. From the change of China's coal price index, it fell from 161.8 points at the beginning of the year to 136.2 points on October 10 (the lowest point in the year), and then rose slightly to 137.8 points at the end of the year, 1.6 points higher than the low point in the year, but 24 points lower than the beginning of the year

in terms of fixed asset investment, the national fixed asset investment in coal mining and beneficiation industry in 2014 was 468.2 billion yuan, a year-on-year decrease of 9.5%, down 36.2 percentage points from the average annual growth rate of 26.7% during the Eleventh Five Year Plan period

among them, the private fixed asset investment was 259.8 billion yuan, a year-on-year decrease of 10.9%

in terms of industrial benefits, in the first 11 months of last year, the main business income of Coal Enterprises above Designated Size nationwide was 2.74 trillion yuan, a year-on-year decrease of 6.6%; The enterprise profit was 110.45 billion yuan, a year-on-year decrease of 87.19 billion yuan, a decrease of 44.4%, and a decrease of 64.2% compared with the same period in 2012; The loss of loss making enterprises was 68.3 billion yuan, with a year-on-year increase of 61.6%; The loss of the enterprise is more than 70%. Most coal enterprises have difficulties in operation, and the problem of wage reduction and underpayment in some enterprises is prominent

multi factor coupling aggravates industry difficulties

analyze the main reasons affecting the economic operation of the coal industry. Jiang Zhimin believes that first, the consumption of major coal consuming industries has decreased, the intensity of energy consumption has decreased, and the demand for coal has decreased. With the progress of science and technology, the national efforts to control the atmospheric environment have increased. The national energy consumption per unit of GDP fell by 4.8% in 2014, up from 3.7% in 2013

second, the problem of leading coal production capacity is prominent. Since 2006, the cumulative investment in fixed assets of the coal mining and dressing industry has been 3.27 trillion yuan. By the end of 2013, the cumulative new capacity was 2.6 billion tons, and the capacity under construction exceeded 1.1 billion tons, which further increased the pressure on capacity release

third, the scale of coal imports remains high. In 2014, affected by overcapacity in the world coal market and the sharp decline in international coal prices, China's coal imports continued to maintain a large scale. Since 2011, the net import volume has exceeded 200 million tons for four consecutive years, accounting for about 8% of domestic coal consumption

fourth, deep-seated contradictions gradually appear. The rapid development in the past few years has covered up the deep-seated contradictions and problems accumulated in the long-term development of the coal industry. The problems of unreasonable economic structure, large population and low efficiency are still prominent, the imbalance of industry development is aggravated, and the constraints of system and mechanism still exist, all of which need to be solved urgently

"with the passage of time below the formula for calculating the comprehensive ring crush strength of corrugated board base paper and the deepening difficulties in the development of the industry, these contradictions will become more prominent and must be paid great attention to." Jiang Zhimin stressed that the difficulties encountered in the current operation of the coal economy are the coupling of multiple factors, the problems in development, and the pain of structural adjustment. We must seize the opportunity, speed up the transformation, overcome difficulties, and regain greater development

the operation situation in 2015 is still grim

understanding, adapting to and leading the new normal is the logic of China's economic development at present and in the future. Jiang Zhimin said that under the new normal, the coal industry will also enter a period of slowing demand growth, a period of digestion of excess capacity and inventory, a period of enhanced environmental constraints, and a period of structural transformation. In terms of high-frequency experiments,

from the perspective of demand, China's economic growth will further slow down in 2015. The state will regulate the total energy consumption, increase the proportion of non fossil energy in primary energy consumption, significantly reduce energy consumption per unit of GDP, reduce air pollutant emissions, reduce the proportion of coal in primary energy consumption, further optimize the energy structure, and further reduce the intensity of coal demand

from the perspective of supply, on the one hand, China's coal production capacity has exceeded 4 billion tons, and the scale under construction is more than 1 billion tons. The pressure on coal production capacity has increased, the global coal market has excess capacity, and coal imports will remain large-scale; On the other hand, the state will strictly control the production and construction of illegal and illegal coal mines, control unsafe production, over capacity production and restrict the production and consumption of low-quality coal, and the momentum of blind growth in coal output will be curbed

therefore, it is expected that the supply-demand relationship in the national coal market will be gradually improved in 2015, but affected by multiple factors, the situation of market supply exceeding demand is still difficult to fundamentally change, the pressure of enterprise operation is still large, and the industry operation situation is still severe