Some mining exploration companies in China losts ground in result of minining exploration, especially result of coal-mine exploration of coal. Retrogression experienced by coal mine China to result happened retrogression in some public service sectors in country China.

Influence existence of degradation result of exploration of coal-mine is some airlines experiences improvement of defrayal for air transport service. Having Berikuta is analysis condition of economics China with existence of retrogression result of exploration of coal-mine.

China A-shares closed lower after a sharp drop on Wall Street as weaker-than-expected June existing-home sales revived concerns over the US economy, dealers said.

Coal firms led the decline after the National Development and Reform Commission announced that controls on spot coal prices at major ports and distribution centers will be tightened in a bid to keep prices in line and ensure thermal coal supplies to power plants.

Airlines were also lower after a rebound in oil prices.

The benchmark Shanghai Composite Index closed down 45.19 points or 1.55 pct at 2,865.10, ending the week up 3.12 pct.

Turnover fell to 63.87 bln yuan from 77.98 bln yesterday.

“The A-share markets were apparently affected by the overnight slump on Wall Street,” said Qian Xiangjin, an analyst with Citic Kinton Securities.

He noted that the decline was normal with profit-taking pressure emerging after the Dow rose for two consecutive days.

The local market is expected to remain in an uptrend with conditions favorable this month, although the index will find it difficult to exceed 3,000 points, he said.

Cao Yan, an analyst at Soochow Securities, added that the market was also affected by uncertainty over policy in the runup to the weekend, when major announcements are usually made.

“Investors are on the sidelines, or clear their holdings ahead of weekends,” Cao said.

China Shenhua Energy (SHA 601088; HK 1088), the country’s largest coal producer, fell 3.13 pct to 32.19 yuan, while China Coal Energy (SHA 601898; HK 1898) lost 2.90 pct to 13.73 yuan. Yanzhou Coal Mining (SHA 600188; HK 1171; NYSE YZC) shed 2.88 pct to 18.81.

The NDRC said yesterday that local authorities will step up efforts to ensure thermal coal prices do not exceed limits, with hoarders of coal will be penalized.

Spot coal prices have risen sharply even after a freeze on prices of thermal coal for electric power use announced on June 20.

Air China (SHA 601111; HK 0753) fell 2.91 pct to 10.66 yuan and China Eastern Airlines (SHA 600115; HK 0670; NYSE CEA) tumbled 3.80 pct to 7.59. China Southern Airlines (SHA 600029; HK 1055; ADR ZNH) was down 3.07 pct at 8.20 yuan.

Light, sweet crude rose 1.05 usd a barrel to settle at 125.49 on the New York Mercantile Exchange.

PetroChina (SHA 601857; HK 0857), the biggest index component, fell 2.14 pct to 15.07 yuan, while China Petroleum & Chemical Corp (Sinopec) (SHA 600028; HK 0386; NYSE SNP) was down 0.44 pct at 11.38 yuan, off a low of 11.18.

The National Business Daily reported today that China National Petroleum Corp (CNPC), the parent of PetroChina, posted a pre-tax profit of 56.4 bln yuan, down 39 pct year-on-year.

Metals stocks also slumped today.

Aluminum Corp of China (Chalco) (SHA 601600; HK 2600) fell 2.71 pct to 14.01 yuan and Baoshan Iron & Steel (Baosteel) (SHA 600019) lost 2.82 pct to 8.60 yuan. Gold producer Zijin Mining (SHA 601899; HK2899 ) tumbled 3.31 pct to 7.88.

CITIC Securities (SHA 600030) was down 2.94 pct at 24.73 yuan, while Haitong Securities (SHA 600837) shed 3.53 pct to 24.33 yuan.

China Life Insurance (SHA 601628; HK 2628) tumbled 3.87 pct to 26.57 yuan after advancing 4.74 pct yesterday.

Datang International Power Generation (SHA 601991; HK 0991) was down 2.13 pct at 9.17 yuan after projecting first half net profit to have decreased by over 70 pct year-on-year.

Xugong Science & Technology (SZA 000425) rose by the 10 pct daily limit to 15.98 yuan after announcing plans to issue about 340 mln new shares worth 5.6 bln yuan to facilitate the purchase of some assets from parent Xugong Group. It resumed trading today after a suspension of more than one month.

“By absorbing the high quality assets, the company will significantly improve its earnings, after profits were eroded by rising costs,” Citic Kinton Securities’ Qian said.

Agricultural stocks were in favor today, with Hunan Dongting Aquaculture (SHA 600257) rising 10 pct to 5.49 yuan and Yuan Longping High-Tech Agriculture (SZA 000998) adding 7.49 pct to 28.70.

The Shanghai A-share Index fell 47.51 points or 1.56 pct to 3,005.58, while the Shenzhen A-share Index was down 6.15 points or 0.68 pct at 902.95.

The FTSE/Xinhua China A 50 Index was down 162.46 points or 1.52 pct at 10,514.19 and the FTSE/Xinhua China A 200 Index lost 111.53 points or 1.35 pct to 8,149.39.

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