China Shenhua(01088): Q1 coal sales down 4.3% X
16/04/2018 17:21
(Infocast News)     China Shenhua(01088) said that during the period from January to March 2018, its coal sales declined 4.3% to 108.4  million tonnes (its coal sales delined 4.6% to 39.8 million tonnes.

During he period from January to March 2018, the volume of commercial coal production of  the Company recorded a year-on-year decrease of 7.6%, which was mainly due to the temporary nil of coal production of Ha’erwusu Open-pit Mine; the seaborne coal sales of the Company recorded a year-on-year decrease of 13.0%, which was mainly attributable to factors such as a decrease in volume of self-produced coal production as well as port operations affected by weathers; and the total power output dispatch recorded a year-on-year increase of 11.2%, which was primarily due to the year-on-year increase in total power consumption of the society. 

In March 2018, the polyethylene sales and polypropylene sales of the Company recorded year-on-year decrease of 13.9% and 17.1%, respectively, as a result of
the overhaul of certain coal-to-olefin units of Baotou Coal Chemical Company since mid-March this year.

(SY)



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