According to a new report issued by the China Coal Transport and Distribution Association (CCTDA), in the January-September period of the current year China’s coal enterprises recorded an aggregate operating revenue of RMB 1.59507 trillion ($0.23 trillion), down 8.2 percent, and a total gross profit of RMB 35.18 billion ($5.12 billion), rising by 65.1 percent, both year on year.
In the January-October period this year, coal shipments by Chinese railways totaled 1.54 billion mt, down 7.5 percent year on year. In particular, in October coal shipments by Chinese railways totaled 170 million mt, up 6.6 percent year on year.
As of the end of October (Oct. 31) this year, overall inventories of coal at China’s key coal enterprises totaled 105 million mt, down 20.7 percent year on year and declining by 18 percent compared to the beginning of the current year. Meanwhile, inventories of coal at China’s large ports as of the same date totaled 28.93 million mt, down 25.3 percent year on year.