China Shenhua's coal output falls 7% YoY in October

China Shenhua Energy Co., Ltd., a listed arm of the country's top coal and power producer China Energy Investment Corporation, produced 26.4 million tonnes of coal in October, lower by 7.4% on year and by 4.3% on month, the company's latest monthly report showed.

Meanwhile, its coal sales totalled 36 million tonnes last October, down 5.8% on year and 0.8% on month. China Shenhua mainly sells thermal coal from its own mines and from third-party purchases, with electric power firms and coal trading companies being its major customers, Mysteel Global notes. Over January-October, Shenhua's