XM does not provide services to residents of the United States of America.

China's August coal output up on more power, chemical demand



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-China's August coal output up on more power, chemical demand</title></head><body>

Adds details throughout

BEIJING, Sept 14 (Reuters) -China's coal output rose 2.8% in August from a year earlier, statistics bureau data showed on Saturday, on higher thermal power generation and robust chemical industry demand.

The world's largest coal producer mined 396.55 million metric tons of the fuel last month, according to the National Bureau of Statistics data on Saturday. That was also up from July's 390.37 million tons.

July was the hottest month on record for China, and the heat waves continued into August, driving up power demand as homes and businesses turned on their air conditioning.

Along with moderating hydropower output, that pushed China's thermal power generation back to growth last month. Thermal power generation, which is mostly from coal in China, rose 3.7% from a year ago to 614.9 billion kilowatt-hours (kWh).

Hydropower output rose 10.7%, compared with July's 36.2% growth.

In addition to the power sector, demand from the coal-to-chemicals industry is robust according to analysts.

Limited by safety inspections earlier in the year, output for the period from January to August fell 0.3% from the year earlier to 3.05 billion tons, the statistics bureau data showed.



Reporting by Colleen Howe; editing by Miral Fahmy

</body></html>

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.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.