With the national development and Reform Commission holding a special meeting and interviewing enterprises with falsely high coal prices, the power coal market, which surged again after the Spring Festival holiday, returned to calm.
The reporter of Shanghai Securities News learned from the coal producing area and port industry yesterday that the relevant links have successively implemented price limits on 5500 kcal of thermal coal. With the acceleration of the resumption of coal mine and automobile transportation, the volume and price of thermal coal can be stabilized in the near future.
Relevant large enterprises took the lead in taking action. The Shaanxi Coal Industry Company Limited(601225) chemical group and China Coal Energy Company Limited(601898) group have issued a notice to relevant subordinate units in recent two days, saying that they have decided to adjust the price of 5500 kcal thermal coal pithead in each mining area to no more than 700 yuan / ton, and require the price of other non electric coal varieties to remain stable.
In the middle link, the relevant person of the Bohai Sea port told reporters that after the government department’s control, the coal quotation of the port has also gradually shown a downward trend recently. At the beginning of this week, the highest quotation of 5500 kcal coal was between 1160 yuan and 1200 yuan per ton, and the actual transaction price was also more than 1100 yuan / ton. On Friday, the mainstream price of high calorie coal fell to 1080 yuan to 1100 yuan per ton, and 5000 kcal coal was 980 yuan to 1000 yuan per ton. In addition, according to the data released by China Electricity Council on February 11, the comprehensive price of 5500 kcal thermal coal in the latest phase is 899 yuan / ton.
People in the coal industry interviewed generally believed that although the regulation temporarily stabilized the price expectation in the short term, in order to truly stabilize the volume and price, the coal production side still needs to continue to increase the supply.
Gao Jinxin, a coal mine salesperson in Inner Mongolia Eerduosi Resources Co.Ltd(600295) City, Inner Mongolia, told reporters that the coal mines in Inner Mongolia Eerduosi Resources Co.Ltd(600295) city have fully resumed production, with a daily output of more than 2 million tons, but they are in a vigorous state of “how much they produce and how much they sell”. In addition to ensuring the long-term cooperative coal of the power plant, the local coal mines have also suspended the sales of some land-based coal for other purposes. Many contradictions still need to be gradually solved through subsequent output improvement.
The reporter also learned from the industry that the mainstream coal mining enterprises in Shaanxi, the main producing area, are also accelerating the resumption of work. Affected by factors such as the centralized action of “100 day tackling key problems” in the field of risk investigation and rectification in the field of work safety in Shanxi, there are still many uncertainties in the comprehensive resumption of work in the near future.
