China Has Overcome 90% of Coal Shortages

The number of Chinese provinces with significant power shortages is down to two in mid-October instead of 18 at the start of the month. The number of coal power plants with dangerously low coal stockpiles (less than 7 days) has also decreased by 90%. China’s coal imports jumped 76% in September from the level of…
China Has Overcome 90% of Coal Shortages


The number of Chinese provinces with significant power shortages is down to two in mid-October instead of 18 at the start of the month. The number of coal power plants with dangerously low coal stockpiles (less than 7 days) has also decreased by 90%.

China’s coal imports jumped 76% in September from the level of imports in 2020. There have been mainly more imports from Russia and Indonesia.

Coal prices have more than halved after hitting a record high of 1,982 yuan ($310) per metric ton.

China ordered coal mines to expand their production levels to produce 220 million tonnes a year of extra coal, a nearly 6% increase from last year. New coal mines were also approved.

Planners set a target of daily coal output of 12 million tonnes, which reached a year’s high of 11.6 million tons on Monday, up from around 10.4 million in late September. In September, China imported about 3.7 million tonnes of thermal coal from Russia. That’s up 28% from August and more than 230% higher than a year ago. China imported three million tonnes of thermal coal from Indonesia last month, up 19% from August and 89% from September 2020.

Winter has not started in China and there will be increased coal usage for home heating.

In 2020, U.S. coal production decreased 24.2% year over year to 535.4 million short tons (MMst). The total productive capacity of U.S. coal mines was 933 MMst, a decrease of 7.6% from the 2019 level.

China increasing coal production by 220 million tonnes (242 million short tons) is 45% of US coal production. China will be producing about 3.9 billion tons of coal and with imports will be about 4 billion tons of coal.

SOURCES- CNBC, Power Technology


Written By Brian Wang, Nextbigfuture.com

Subscribe on Google News

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Fact Mix 858: Low End Activist
Read More

Fact Mix 858: Low End Activist

Low End Activist captures a sound that is not so much dark as it is low-lit, amplifying raw emotion over melancholy, ferocity over aggression. Between heading up his own, self-titled imprint, running the vital “modernist hardcore” label Sneaker Social Club, bringing the moodiest sounds from UK rave to Lovefingers’ ESP Institute as Patrick Conway, collaborating…
Direct Probe of Superconductivity on the Atomic Scale
Read More

Direct Probe of Superconductivity on the Atomic Scale

Direct detection of superconductivity has long been a key strength of point-contact Andreev reflection. However, its applicability to atomic-scale imaging is limited by the mechanical contact of the Andreev probe. To this end, researchers present a new method to probe Andreev reflection in a tunnel junction, leveraging tunneling spectroscopy and junction tunability to achieve quantitative…
Boring Company Expansion in Vegas
Read More

Boring Company Expansion in Vegas

The Boring Company is expanding the Vegas Loop to 29 miles and 51 stations. Boring Revolution finds the Boring system will be a money printer with an insane daily through-put of 495,000 persons and a monster 42% gross margin. He expects the tunnels will cost $162 million. The stations will be built by the casinos.…
DARPA AI Contest to Assess Critical Minerals
Read More

DARPA AI Contest to Assess Critical Minerals

DARPA has partnered with the U.S. Geological Survey (USGS) to explore the potential for machine learning and artificial intelligence tools and techniques to accelerate critical mineral assessments. The goal is to significantly speed up the assessment of the nation’s critical mineral resources by automating key steps in the process. Assessments can quantify potential mineral sources…