WEEKLY: Output of high-CV thermal coal drops at China mines

The availability of high-calorific-value (CV) thermal coal at major Chinese mining hubs decreased notably last week, reflecting slower production as many miners had met their May output targets already, respondents to Mysteel's latest survey said. Ongoing mine-safety inspections also contributed, they remarked.

The daily output of high-CV thermal coal – coal with a CV above 5,500 kcal/kg NAR – at the 462 thermal coal mines that Mysteel regularly tracks nationwide averaged 967,000 tonnes/day over May 24-30, down by a marked 9.5% on week and hitting a new low since mid-April. In parallel,