Insight
Cost pressures evident in China’s coal sector
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Albeit marginally, China was able to bring down the debt level in its coal-mining industry after a deleveraging campaign that ended in 2019. However, as the pandemic shook the economy in 2020, the industry’s debt level rebounded in the year. Several defaults reminded investors that cost pressure and high debt levels faced by the coal producers remain key challenges in the sector. To understand the financial and cost positions of coal producers, Wood Mackenzie evaluated the performance of companies involved in coal-mining business from both the listed and unlisted sectors. This insight highlights the cost differences among companies in the two sectors.
Table of contents
- Mining costs
- Overheads costs
- Financial costs
Tables and charts
This report includes the following images and tables:
- Listed sector cost curve (2019, raw coal basis)
- Unlisted sector cost curve (2019, raw coal basis)
- Mining cost
- Overheads costs comparison (RMB/t)
- Overheads costs (RMB/t)
- Liability composition (listed sector)
- Liability composition (unlisted sector)
- Financial costs comparison (RMB/t)
- CCE-to-short term debt (%)
What's included
This report contains:
Other reports you may be interested in
Insight
China thermal coal: Guangdong and Fujian research trip takeaways
Indonesian exports drive China’s QHD coal prices in 2025
$1,100
Asset Report
Sichuan Qiya (E'meishan) aluminium smelter
A detailed analysis of the Sichuan Qiya (E'meishan) aluminium smelter.
$2,250
Asset Report
Baihe aluminium smelter
A detailed analysis of the Baihe aluminium smelter.
$2,250
