China Shenhua coal sales down y/y in February

Coal sales at China Shenhua Energy Co., the listed arm of China’s largest coal company, Shenhua Group, fell 21.2% in February to 23.4 million t. Meanwhile, coal sales for the year to date were 7% down at 44.1 million t compared to 47.4 million t over the same period in 2015.

Exports totaled 0.1 million t from nothing last year and moved to 0.2 million for the year to date. This again made the company a net exporter of coal with coal imports continuing at zero through February.

Coal production rose, however, 6.8% in February to 21.9 million t from 20.5 million t last year. Total coal production for the year to date was up almost 1% at 46.6 million t.

On the power side, generation and dispatch remained fairly steady on last February at 14.18 billion kWhr and 13.26 billion kWhr respectively.

Shenhua’s transportation infrastructure showed significant increases, however, with its railway network recording a 41.7% increase in tonne km (t-km) for February and a 38.7% increase for the year to date.

Coal sales through Shenhua’s ports also jumped year on year. At Shenhu-owned Huanghua Port, the amount coal handled hit 11 million t in February – a 41% rise on last year. Sales through Shenhua Tianhjin Coal Dock fell, however, 17.5% to 3.3 million t.

Its coal-to-chemical business also recorded y/y growth with polyethelene sales up 10.7% at 268 000 t and polypropylene sales up 7.5% at 245 000 t.

Edited by Jonathan Rowland.

Read the article online at: https://www.worldcoal.com/mining/18032016/china-shenhua-energy-coal-sales-down-y-y-in-february-2016-418/