Data released this month shows that China’s coal production totalled 334.1 million t in November 2019. This mark’s y/y growth of 6%.
Also of note is that China’s thermal coal-derived electricity production totalled 432.5 billion kWh last month, which marks year on year growth of 7%.
Overall, it is a positive development for the coal market that China’s coal-derived electricity production growth has again exceeded domestic coal production growth. This has now occurred for 3 months in a row. Prior to September, China’s coal production growth had exceeded coal-derived electricity production growth for 4 straight months.