China's power coal demand and supply will largely be balanced or see moderate tightness this year, predicte d Xue Jing, director of the Statistical Department of China Electricit y Council at the recent World Coal Conference. To achieve the goal of eight percent growth in the gross domestic p roduct, China's power generation should grow at least five percent, wh ich could be translated into a three percent rise in thermal power gen eration, she said.
That calls for 2-3 percent increase in coal consumption, or 100 mil lion tons of new output. Due to closure of small coalmines, the countr y's newly added output this year may not reach 100 million tons, leadi ng to small undersupply, she explained.
Currently, the trend of power coal price is still elusive but there exists some upward pressure, indicated by the price hikes in some are as in Shanxi province, the major coal producer in China, she said.
The pressure of soaring coal price, coupled with sluggish power dem and, will cast clouds on power companies, she pointed out.
Statistics show power use in the building materials and textile sec tors picked up in March but demand from chemical, ferrous and non-ferr ous metal sectors were still sluggish.
China's power consumption in Q1 edged up 3.88 percent over Q4, 2008 but still declined 4.02 percent on a year-on-year basis. Enditem
Source: Xinhua News Agency
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