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China crude benzene prices seesaw on downstream losses

Shandong (JLC), August 29, 2023—China crude benzene prices went range-bound at high levels amid firm benzene USD prices support but losses of hydrogenated benzene producers.

08-29-2023 17:09:20

China MA producers suffer losses amid weak demand, oversupply

05-12-2022 14:00:00

Taiyuan Coal Gasification predicts a 30% cut in Q1-Q3 losses on higher coal prices

Taiyuan Coal Gasification estimated the other day that net losses attributable to shareholders of the listed company would hit CNY700 million-750 million in the first three quarters of 2016, sliding by 28.94%-33.68% on the year.

10-17-2016 16:25:56

About 40% steam coal mining capacity incurs losses nationwide in August

43.4% of steam coal mining capacity under monitoring was in the red in August, dropping by 18 percentage points from that in July, while about 60% coking coal mining capacity made a loss in the month, down by 19 percentage points from last month.

09-29-2016 14:59:20

China Coal Energy estimated to turn losses into gains in H1

China National Coal Group Corp. (China Coal) reported on July 11th that it estimated a return to gains in the first half of 2016.

07-12-2016 10:53:26

Five of Zhengzhou Coal's 12 coal mines turn losses into gains in May

Five of the 12 coal mines owned by Zhengzhou Coal Industry (Group) Co., Ltd (Zhengzhou Coal) returned to gains in May, owing to lower coal production cost and slightly higher coal prices. The five coal mines got a profit of CNY5.5 million.

06-16-2016 14:42:30

China Coal Energy makes a loss of CNY3.3 bln in 2015

According to the 2015 annual performance report released by China Coal Energy the other day, the company recorded a revenue of CNY59.271 billion in 2015, down by 16.1% YoY. Its gross profits slumped by 43% YoY to CNY4.104 billion. It made a net loss of CNY3.2.67 billion, or CNY0.25 per share.

03-23-2016 14:26:58

Shenhua coal-to-oil project faces losses if the crude sustains low

Shenhua Ningxia Coal Group coal chemical center director Luo Chuntao said during Beijing’s two sessions, Shenhua coal to oil project with 4 million mt/yr has already totally completed investment 34.747 billion yuan, with total investment budget 55 billion yuan.

03-14-2016 17:07:55

53% coal producers in Shuozhou suffer losses in 2015

Coal companies are exposed to various difficulties, including hiking accounts receivable amid difficult sales, intensifying financial pressures amid increasing production cost and slumping corporate profits.

02-23-2016 09:29:03

27 listed coal firms see a loss of CNY17.5 bln in 2015

According to the China National Coal Association, over 80% coal makers were in the red in 2015, and even the most profitable listed coal firms saw performance worsening.

02-19-2016 11:03:25

Coal sector incurring wider losses

Since 2012, China’s coal industry has stepped into a falling path, bringing a “ten-year gold time” to the end. Various coal producers sank into losses under sluggish demand and flagging prices. They have resorted to personnel reduction, salary cut, etc. to minimize cost and loss.

09-11-2015 10:19:46

Henan's four largest coal producers incur losses

Reportedly, Pingmei, the only profitable company among Henan’s four major coal producers during the past years, posted a net profit of minus CNY698 million in the first half of 2015, compared with the CNY66.27 million a year ago, making it the largest loss-making coal producer in the province.

09-11-2015 09:00:20

80% coal mines incur loss in July

According to a recent survey, about 80% steam coal and coking coal mines were in the red in July 2015.

08-07-2015 08:58:59

Six listed coal producers estimate a CNY1.9 bln loss in H1

Reportedly, Kailuan Holdings (600997), Coal Gasification (000968), China Coal Energy (601898), Meijin Energy (000723), Shenhuo Energy (000933) and Pingzhuang Energy (000780) predicted a total loss of CNY1.9425-2.4785 billion in the first half of 2015.

07-21-2015 10:50:25

Coal producers incur worse losses in H1

22 listed coal companies are predicted to see a 50% decline in profits on average over the first half year, with a majority of them to suffer an even larger profit reduction of 60%-80%.

07-15-2015 10:27:24

Longmei Mining Group shuts 8 mines as loss woes

Heilongjiang Longmei Mining Holding Group Co., Ltd (Longmei Mining Group) plans to shut down eight coal mines and cut 50% jobs, owing to huge losses and resource exhaustion, the company said the other day.

04-24-2015 14:54:28

Shengli crude settlement suffers slumps, keeping refining at a loss

This week, Shandong teapots’ processing Shengli crude oil remained at a loss.

01-08-2015 18:27:11

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