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Next year coal supply and demand may be tightly balanced, and the signing of the China-Long Term Association will exceed 1 billion tons

Next year coal supply and demand may be tightly balanced, and the signing of the China-Long Term Association will exceed 1 billion tons

  • Categories:Industry News
  • Author:
  • Origin:Xinhuanet
  • Time of issue:2020-12-02
  • Views:

(Summary description)"Next year China's economic recovery will accelerate further, which will inevitably lead to a new round of demand for coal consumption, which is expected to be stronger than this year. Therefore, the

Next year coal supply and demand may be tightly balanced, and the signing of the China-Long Term Association will exceed 1 billion tons

(Summary description)"Next year China's economic recovery will accelerate further, which will inevitably lead to a new round of demand for coal consumption, which is expected to be stronger than this year. Therefore, the

  • Categories:Industry News
  • Author:
  • Origin:Xinhuanet
  • Time of issue:2020-12-02 09:09
  • Views:
Information
  "Next year China's economic recovery will accelerate further, which will inevitably lead to a new round of demand for coal consumption, which is expected to be stronger than this year. Therefore, the overall supply and demand of coal next year should be in tight balance." Zhang Hong, spokesperson for the China Coal Industry Association, emphasized , It is necessary to do a good job in guaranteeing coal supply, especially since coal production in the three provinces of Shanxi, Shaanxi, and Mongolia has accounted for 70% of the country’s total coal production, relying on these origins to ensure supply across the country is under great pressure.
   He made the above statement when answering a question from a reporter from the Economic Information Daily at the 2021 National Coal Trade Fair press briefing held on December 1. According to reports, from December 8th to 10th this year, this conference concerning the convergence of coal production, transportation and sales and price trends next year will be held in Taiyuan. At that time, the main producing area (Shanxi, Shaanxi, Mongolia) marking coal price index will be released, and large coal companies will Many projects such as the signing of medium and long-term contracts with users, Jinneng Holdings Group's coal sales strategic cooperation agreement and many other projects will also be signed.
"It is estimated that the total amount of coal contracts will reach more than 1 billion tons." Feng Yu, vice chairman of the China Coal Transportation and Marketing Association, said that the "base price + fluctuations" pricing mechanism of the China Long-term Association remains unchanged, and the base price is still 535 yuan/ Ton.
   Zhang Hong believes that the current medium and long-term contracts account for more than 70% of the national coal market, which has stabilized the ups and downs of the coal market to a certain extent.
   According to data from the China Coal Industry Association, the national coal consumption from January to October this year was about 3.24 billion tons, down 0.8% year-on-year. The cumulative output of raw coal above designated size nationwide was 3.13 billion tons, an increase of 0.1% year-on-year. Among them, the price of thermal coal in the medium and long-term contract (5500 kcal of water coal) has stabilized in the green space. In November, the long-term cooperative price of launching thermal coal was 553 yuan/ton, an increase of 6 yuan/ton from October; the average price from January to November this year was 541 yuan/ton, which was 14 yuan/ton lower than the annual average price of 2019.
   "Continuing the 13th Five-Year Plan and deepening the supply-side structural reform is still the main line of the development of the coal industry." Zhang Hong told the reporter of the Economic Information Daily. At the specific operational level, he proposed the "five modernizations", namely intelligentization, specialization, customization, clustering and greening.
   Since this year, relevant ministries and commissions have issued a series of policies on accelerating the development of intelligent coal mines, and put forward phased goals. Zhang Hong revealed that relevant standards for intelligence are in the process of being formulated.
   followed by specialization. Zhang Hong said that some of the production capacity in the old mining areas in the three eastern provinces, northern China, southwestern and eastern China have gradually withdrawn in the past five years, leaving a large number of integrated coal mine workers. In the future, large-scale modern coal mines built in the western region can use coal mines as investment platforms, and related production services are undertaken by the above-mentioned specialized personnel.
   Regarding customization, Zhang Hong believes that under the original framework, coal production companies need to understand the individual needs of consumer groups, so as to ensure the market and scale, and think about how to use supply to create demand from the production side.
   In addition, coal companies will consider coal power, coal machinery equipment, coal chemical industry and other related business layouts in the past attempts to transform and develop. Zhang Hong suggested that in the future, the unified cluster development of production areas and consumption areas will be realized, and a complete industrial closed loop will be realized in a park.
   Finally, it is green, and low-carbon development is the only way. Zhang Hong said that in the future, green production, clean utilization, efficient conversion and even low-carbon development of coal are critical, and there is still a long way to go.

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