The national development and Reform Commission disclosed on the morning of the 18th that the price department of the Commission recently held a special meeting to study and clarify the identification standards of illegal acts of bid up in the coal field. Key enterprises in the coal and power industries and relevant industry associations participated in the meeting.
Or affected by this, today’s A-share coal sector fell, and several stocks fell.
In this regard, people in the coal industry and capital markets believe that although coal demand and prices are easy to rise and difficult to fall due to many factors outside China, under the strong policy, China’s coal price will still be “stable”.
will make it clear that coal bid up prices
standards for identification of illegal acts
Coal is an important basic energy, so it is of great significance to ensure the supply and price of coal. The national development and Reform Commission disclosed that under the framework of existing laws and regulations, studying and clarifying the specific identification standards of illegal bid UPS in the coal field is conducive to guiding coal operators to operate legally and maintaining the normal order of the coal market.
Next, the national development and Reform Commission will, in accordance with the opinions of all parties, pay close attention to improving the relevant provisions on the identification standards of illegal acts of bid up in the coal field, promote relevant departments to strengthen law enforcement and inspection, earnestly maintain the price order of the coal market, and better ensure national energy security.
stabilizing coal price, the national development and Reform Commission acts continuously
The reporter noted that recently, the relevant departments have taken a series of measures against the chaos of the coal market, beating the outcry of driving up the market coal price and fabricating and publishing false price increase information.
In October last year, the price department of the national development and Reform Commission held consecutive meetings to invite economic and legal experts, as well as some coal and power industry associations and enterprises, to focus on the reasonable price range and profit margin level that should be maintained to promote the coordinated and sustainable development of the coal industry and downstream power industries, focusing on the specific identification standards and methods for identifying coal enterprises to bid up prices and make exorbitant profits.
Two months ago, in view of the obvious inconsistency between the coal price released by some institutions and the actual level of the current market coal price, the national development and Reform Commission organized relevant local government departments, coal enterprises, ports and coal price information institutions to hold meetings to compare and verify the price sampling information one by one.
On the afternoon of February 24, the national development and Reform Commission held a press conference to further improve the coal market price formation mechanism. On the same day, the heavyweight document, the notice on further improving the coal market price formation mechanism, was also officially released. This move aims to further “trace the source” and put forward a reasonable range of coal price, realizing the effective connection with the “benchmark price + fluctuation of no more than 20%” price range of coal-fired power generation.
Wan Jinsong, director of the price department of the national development and Reform Commission, said that judging from the situation in recent years, the irrational rise in coal prices is driven by excessive capital speculation. Further improve the coal market price formation mechanism and put forward a reasonable range of coal prices, that is, delimit the boundary line of government price regulation and supervision in advance, and also set a “traffic light” for capital, which is conducive to stabilizing market expectations, reducing speculation space and effectively preventing malicious speculation of speculative capital.
recent coal price rebound
stable price is the main tone
This time, the national development and Reform Commission will clarify the identification standard of illegal acts of bid up coal prices, which is obviously a blow to market speculation. Or affected by this, the A-share coal sector fell today. Wande coal index fell more than 3% in the session. (see the figure below)
Looking back on the recent market, “coal flying color dance” is impressive. According to market participants, as of the closing of China’s commodity futures market on April 15, the futures prices of thermal coal, coking coal and coke closed up 1.3%, 0.8% and 1.1% respectively. Among them, the main contract of coke futures reached 4272 yuan / ton earlier this week, breaking the high point of nearly half a year.
At the same time, in the A-share market, the coal sector once rose continuously, boosted by the pre increase of the performance of most coal enterprises in the first quarter. As of the closing on April 15, six stocks in the coal sector rose by the limit, and Yankuang energy and Shaanxi Coal Industry Company Limited(601225) retreated after reaching an all-time high.
“The conflict between Russia and Ukraine has catalyzed the global energy crisis, overseas coal prices have soared beyond expectations, and the spot price indexes of the three major international power coal have risen sharply… These have affected the market psychology, which must be recognized.” A coal industry authority told reporters, but at the same time, the current medium and long-term contract price of coal has made coal enterprises have considerable benefits. Therefore, large state-owned coal enterprises are maintaining supply and price stability, which is the main force for the overall stability of coal prices.
In addition, insiders pointed out that affected by many of the above factors, under the tight pattern of supply and demand, China’s coal prices are easy to rise but difficult to fall. However, the attitude and means of regulators are also very clear. It is expected that China’s coal price will be “stable”.
