The coal output and fixed investment fell in the f

Coal output and fixed investment fell in the first two months of 2016

a few days ago, the National Bureau of statistics released relevant data on the national economy from January to February. Data show that in 2016, the fixed asset investment in coal mining and washing industry was 10.2 billion yuan, a year-on-year decrease of 30.2%

while raw coal output continues to show a downward trend. According to the data of the National Bureau of statistics, China's raw coal output was 513.46 million tons in August, a year-on-year decrease of 6.4%

in terms of import and export, according to the statistics of the General Administration of customs, China imported 28.77 million tons of coal in August, a year-on-year decrease of 10.2%; The cumulative export of coal was 1.52 million tons, an increase of 129% year-on-year

in the first two months of 2016, the coal output and fixed investment both fell

the investment amount. The materials required to be tested by each business and manufacturer also shrank differently

on February 5, the State Council announced the "opinions on resolving excess capacity in the coal industry and achieving poverty relief and development", in which one of the main tasks is to "strictly control new capacity"

coal production capacity depends on the investment in fixed assets of the industry. In the context of resolving excess capacity as the focus, the decline in fixed asset investment in the coal industry has become "expected" inevitable

however, the decrease of 30.2% in October last year is still a quite "shocking" data. Statistics show that in the golden decade of the coal industry, the growth rate of fixed asset investment in the coal industry has increased at an average annual rate of 36%, with a total investment of 2.5 trillion yuan. 14 large coal bases in the country have flourished, and a large number of modern large mines have been born. The coal output increased from 1.5 billion tons in 2002 to 3.6 billion tons in 2012, more than doubling, and the production capacity by the end of 15 years was three times the original

from 2011 to 2014, the cumulative growth rate of fixed asset investment in the coal industry fell rapidly from 26% to -10%. In 2015, fixed asset investment in the coal industry decreased by 14.4% year-on-year

industry experts said that although the investment in fixed assets has gradually declined, the construction cycle of coal is about 2 years. Considering that the current profitability of steel mills has not been significantly improved, the early construction has gradually released capacity and the capacity under construction has not yet been completed, China's coal production capacity is expected to exceed 5 billion tons, while the demand forecast will be less than 4 billion tons, and the overcapacity is still significant

supply continued to decline

under the market effect of supply and demand imbalance, China's coal output fell for the first time in 14 years. In 2015, the national coal output was 3.68 billion tons, a year-on-year decrease of 3.5%. In the first two months of this year, coal production continued to decline

according to the prediction of the Chinese Academy of Sciences, the decline rate of China's coal production in 2016 will further accelerate, with a decline of more than 4%

in addition to domestic coal production, the number of imported coal that had a great impact on the domestic market in the past also continued to decline

however, the coal import volume of some ports has still increased in the past two months

as one of the most important coal import ports in China, Lianyungang Port imported about 1.1 million tons of coal last year. In 2016, the total coal import volume of Lianyungang port was 1.03 million tons, a sharp increase of 472.2% compared with the same period last year. The coal import volume in the first two months of 2016 was close to the total coal import volume in 2015

in Shanghai, according to the data provided by Shanghai Customs, in the first two months of this year, the Shanghai Customs District imported 1941000 tons of coal, an increase of 1.5 times over the same period last year; The value was 610 million yuan, an increase of 1.3 times. Among them, due to the formal implementation of the China Australia Free Trade Agreement, the tariff reduction has accelerated the pace of Australian coal coming to China, and Australia's coal imports surged to 566000 tons from 27 tons in the same period last year. In addition, the Shanghai Customs District imported 171000 tons of coal from Canada, more than doubling. The import growth from ASEAN, the largest source of coal in the Customs District, also exceeded 90%, of which imports from Indonesia and the Philippines accounted for 86.5% and 13.5% respectively