中国煤炭：2025 年实地需求监测—— 动力煤生产与库存

Flash | 21 Aug 2025 03:58:14 ET │ 9 pages Jack Shang, CFAAC +852-2501-2441 jack.shang@citi.com Anna Wang China Coal 2025 On-ground Demand Monitor Series #124 – Thermal Coal Production and Inventory CITI'S TAKE In this series of notes, we aim to track and analyze high-frequency on- ground demand trends in China – market expectation on a demand recovery has been largely cautious. In this note, we enclose weekly data from Sxcoal, a consultant, on 100 sample China thermal coal mines' production and inventory da ...