China Coal Industry Association on July 18 announced the first half of 2013 economic operation of coal data. Relevant data is not optimistic. Data show that the first half of Chinas total coal 1.79 billion tons, down 68 million tons, down 3.7%, a decline of 2.7 percentage points from the first quarter to expand; cumulative sales of coal 1.75 billion tons, down 69.05 million tons, down 3.8%, a decline first quarter expanded 3.4 percentage points. From the marketing point of view, the number of all in decline, and the decline was larger, indicating that the domestic coal market oversupply pattern has not changed, even if the coal enterprises to reduce production capacity in the short term is still unable to digest the huge amount of inventory in such background, coal prices losses inevitable.


     Coal Industry Association data also confirms the fact that loss of coal enterprises. The first five months of above-scale coal enterprises profit fell 43.9 percent, a loss of loss-making enterprises amounted to 19.858 billion yuan, an increase of 134.6%; large corporate profits fell 43.1 percent, with 26 enterprise groups appeared losses amounting to 4.64 billion yuan with a loss of 28.9%, an increase of 16.7% over last seen coal has emerged the phenomenon of loss of the entire industry, and the amount of loss is enormous, coal prices can be described as the state struggled to live now, in addition, since the amount of imported coal continues to grow, greatly impact on the domestic coal enterprises, local government rescue measures and feeble, I am afraid a lot of companies do not survive this difficult period, would be forced out of the market.