Application of Frequency Converter in Modification of Single-arm Planer
Zhang Guobao, director of the State Energy Administration and head of the Coal Mine Methane Prevention and Control Leading Group, made remarks on January 12 regarding the coal market outlook for 2009. He noted that as the effects of China's domestic demand expansion and economic stimulus measures became more evident, coal demand was expected to continue rising, though at a slower pace. This projection came amid broader economic challenges facing the country.
Speaking at the sixth meeting of the Interministerial Coordination Group for Coal Mine Gas Prevention and Control, Zhang highlighted that the global financial crisis had spread rapidly, leading to a slowdown in world economic growth. Additionally, deep-seated structural issues within China’s economy were contributing to increased operational difficulties. Businesses were facing greater pressure, and many industries closely tied to coal—such as power generation, steel, construction materials, and chemicals—were experiencing declining output. As a result, short-term coal demand was showing signs of slowing down.
According to reports, coal prices had been falling steadily since August 2008. The price of thermal coal in Qinhuangdao had dropped by over 400 yuan from its mid-year peak, while coking coal prices fell by 1,000 yuan—a 50% decline. Rising coal inventories, delayed payments from coal companies, and widespread losses among thermal power plants further underscored the challenging market conditions. These factors reflected the broader economic slowdown and the need for continued policy support and industry adjustments.
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