Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

According to data by China’s National Bureau of Statistics, the country’s coal production dropped 1.1% month-over-month in October to 388.8 million metric tons, as mine safety inspections curbed output.

Still, the figure represented a 3.8% increase compared to October last year.

More safety inspections were conducted by Chinese authorities in October, after two accidents led to the death of more than 60 people, which prompted revisions to the mine safety law.

Earlier in November, the emergency management ministry called for curbs on over-production at coal mines.

According to Simon Wu, senior consultant at Wood Mackenzie, China’s coal production could recover to levels near September’s six-month high in November and December.

Yet, output will probably not register new highs, as winter period usually impedes operations at open-pit mines in northern China.

The China Coal Transportation and Distribution Association had previously warned that fourth-quarter coal production could be lower than anticipated due to the inspections.

Meanwhile, coal output for the first ten months of the year stood at 3.83 billion metric tons. The latter represented a 3.1% surge compared to the respective period of 2022.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: EUR/SEK daily forecastForex Market: EUR/SEK daily forecast During yesterday’s trading session EUR/SEK traded within the range of 9.0262-9.0639 and closed at 9.0387.At 6:35 GMT today EUR/SEK was gaining 0.08% for the day to trade at 9.0435. The pair touched a daily high at 9.0492 at 6:27 […]
  • Trade Fears Sink Oil Prices, Brent Slips to $70 While WTI Hits $67Trade Fears Sink Oil Prices, Brent Slips to $70 While WTI Hits $67 Key momentsGlobal oil prices took a significant hit on Monday, with Brent crude falling to around $70 per barrel and WTI dropping to approximately $67. The developments surrounding tariffs initiated by the Trump administration sparked […]
  • FTSE 100 Rises 0.46% Amid Trade Optimism and BP Takeover SpeculationFTSE 100 Rises 0.46% Amid Trade Optimism and BP Takeover Speculation Key Moments:The FTSE 100 rose 0.46% on Friday, building on recent momentum. BP PLC surged over 4% following reports of takeover interest from major energy competitors. International Consolidated Airlines gained around 2% after […]
  • Spot Gold steadies above $3,320 with US-China talks in focusSpot Gold steadies above $3,320 with US-China talks in focus Spot Gold was mostly stable on Tuesday, as investors were on watch for further developments in regard to trade talks between the US and China.Communication between the two countries appears constructive, as President Donald Trump has […]
  • Forex Market: USD/BRL daily trading outlookForex Market: USD/BRL daily trading outlook Friday’s trade saw USD/BRL within the range of 2.2455-2.2326, the lowest since July 30th. The pair closed at 2.2360, shedding 0.25% on a daily and 1.84% on a weekly basis.At 11:09 GMT today USD/BRL was up 0.04% for the day to trade at […]
  • USD/CHF settles below 3-week high, posts weekly gainUSD/CHF settles below 3-week high, posts weekly gain The USD/CHF currency pair settled below recent high of 0.8014, its strongest level since September 5th, in the wake of the Swiss National Bank’s policy decision and after US PCE inflation data met expectations and reinforced bets that the […]