China's coal production is increasing while its share in electricity generation is decreasing. This apparent contradiction will result in lower import volumes and cheaper prices.The National Bureau of Statistics released data on August 15 showing that the coal output in July was 2.8% higher than the same month one year ago, reaching 390,37 million metric tonnes.The output in July was lower than June's, which was 405,38 million tons. This was the highest monthly production so far in this year. July's production was the third highest monthly output so far in 2024.
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