Chinese coal companies will increase supply stability for coal prices

Xinhuanet Taiyuan, December 1st, Cao Changqing, Director of the Price Division of the National Development and Reform Commission, said on the 1st that the overall supply and demand of coal in China is basically balanced. With the release of new production capacity, coal supply and demand situation will further improve. Coal companies must increase production while ensuring safety, guarantee supply, and keep coal prices stable.

Cao Changqing said at a symposium held by the inspection team of the State Council on the production and operation of some coal and electric power companies in Shanxi Province that coal companies should strictly follow the requirements of relevant documents of the State Council and the National Development and Reform Commission. In 2011, the key contract coal price will remain the same in 2010, and it is not allowed to increase prices in any form. The coal production and transportation companies are not allowed to artificially interfere with and speculate on coal prices, and consciously do not increase prices or raise prices, so as to keep the market coal prices basically stable.

Cao Changqing requested the major coal producing areas to seriously organize production in accordance with the requirements of the relevant State Council meeting to ensure supply and stabilize coal prices; further coordinate and promote cooperation between coal and power companies to reduce the burden on power companies, and encourage large state-owned coal companies and power companies to sign long-term coal Supply agreement.

He also asked the coal-producing region government to carefully clean up various barriers that hinder the operation of the market, enable enterprises to operate independently, directly meet the production and demand sides, and promote the free circulation of coal in the domestic market; earnestly clean up various charges, reduce coal, electricity The burden of business.

It is understood that in October, the nation’s coal production reached 289 million tons, an increase of 19% year-on-year, and the available resources in the market were relatively sufficient; in October, the national coal consumption of major power plants was 2.98 million tons, which continued to decline month-on-month. In October, national key power plants were saved. Coal is maintained at about 63 million tons and the number of days available is 21 days.

According to the relevant person in the Shanxi Provincial Coal Industry Department, the total coal production in Shanxi this year is expected to reach over 700 million tons, which is more than 80 million tons more than last year. In the past more than 20 days, the coal price has been basically stable. Although the peak period of coal consumption is now in place, the price increase factor has been released earlier. If there is no abnormal situation, the coal price in December may also decline.

Cao Changqing said that from the perspective of supply and demand, there is a solid foundation for maintaining the basic stability of coal prices. After the integration of resources, the country’s coal production increased steadily, and its supply capacity continued to increase. However, the growth in coal demand was not rapid. In particular, advances in energy conservation, emission reduction, and structural adjustment in various regions led to a significant decline in the unit energy consumption of some industries, and some coal downstream industries. Dependence on coal also tends to decrease.