Statistics from China's Coal Industry Association indicate that during the six months between January and June, China's aggregate coal sales volume remained at 1.23 billion tonnes rising by 42.26 million tonnes or 3.55%. That figure in June was 241 million tonnes increasing by 26.28 million tonnes or 12.24%YoY.

According to statistics from the Ministry of Industry and Information Technology of the People's Republic of China, besides China's coal exports remained at 11.67 million tonnes during January to June declining by 54.2%. Coal imports reached 36.6 million tonnes.

Recently the Ministry expressed that in the first six months coal stock was increasing at a speed higher than that of market demand. Coal stock, compared with that in the beginning of the year has climbed up by 33.2%. In the end of June, China's total coal stock in the society remained at 190.56 million tonnes up by 7.61 million tonnes or 4.16%MoM. Coal stock piled up in coal enterprises stayed at 54.4 million tonnes up by 3.5 million tonnes or 6.88%MoM. Coal stock at Qinhuangdao port stayed at 6.49 million tonnes increasing by 1.72 million tonnes or 36.13%YoY.

Given current situation of the coal market, Mr Zhangyong the director of CCIA suggests that the reform on resource tax should be postponed.