The notice of the national development and Reform Commission on further improving the coal market price formation mechanism will be officially implemented from May 1, 2022. The notice sets the reasonable range of medium and long-term transaction price of coal in key areas, of which the reasonable range of coal price with calorific value of 5500kcal in Shanxi is 370570 yuan / ton and 320520 yuan / ton in Shaanxi.
The agency pointed out that with the increase of policies such as power coal supply guarantee + price stabilization, the proportion of coal compliance under the coal electricity long association is expected to increase, driving the steady decline of coal-fired costs. It is expected that the increase in the performance proportion of long-term cooperative coal from the second quarter will further drive the decline of coal price, while the upward effect of electricity price is still in progress. Therefore, the profit of thermal power companies will gradually show a year-on-year and month on month growth trend in the foreseeable next four quarters.
According to the theme database of financial Associated Press, among the relevant listed companies:
Inner Mongolia Mengdian Huaneng Thermal Power Corporation Limited(600863) mainly focuses on thermal power generation and heating, taking into account some wind power generation and coal business. The power generation assets of the company are mainly located in power and thermal load centers or areas rich in coal resources.
Huadian Power International Corporation Limited(600027) at the end of 2021, the holding installed capacity reached 53.36gw (42GW of coal power and 9gw of gas power), and 218.8 billion kwh of on grid power was completed (year-on-year + 7.7% after adjustment).
