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China's coal demand could slow in Q2

Apr. 9, 2012 (China Knowledge) – China, the world's largest coal producer and consumer, saw its coal demand slowed in the first quarter of this year and may continue in next quarter.

The weak demand in coal market is mainly caused by the sluggish global economic and China's growth decelerated said analysts.

Wang Xianzheng, chairman of the China Coal Industry Association, said yesterday that China's coal supply and demand will continue to be roughly could stay at current level and may relatively loose its steam on growth.

According to the official statistics, China saw its coal output increased 5.8% year on year to 838 million metric tons in the first quarter of this year.

As of Mar. 31, 2012, China's coal inventory remains at 223 million metric tons.

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