China's coal output hits record daily high in November
Adds details throughout
BEIJING, Dec 16 (Reuters) -China's coal output rose to a record daily high in November, data from the statistics bureau showed on Monday, setting the world's largest coal industry on track for another record year.
China mined 427.98 million metric tons last month, according to the National Bureau of Statistics.
Average daily production in November was 14.27 million tons, the highest level on record. By comparison, average daily output was 13.28 million tons in October and 13.82 million the month before that.
In November, the state-owned asset regulator urged state enterprises to increase output in anticipation of winter heating demand, leading analysts to expect production increases in the final two months of the year.
The November figure brought coal output over the first 11 months of the year to 4.32 billion metric tons. That was up 1.2% year-on-year, putting China on track to surpass last year's record high of 4.66 billion metric tons.
Reporting by Colleen Howe; Editing by Nicholas Yong
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
