The rapid rise of coal prices continues to hit record highs, countries have shot!
October 20, 2021 15:07
Original title: The rapid rise of coal prices has hit record highs, and the country has taken action!
Chinanews client, Beijing, October 20th (Reporter Li Jinlei) Faced with the rapid rise of coal prices and hitting record highs consecutively, the National Development and Reform Commission has taken action!
"Coal Super Crazy" Strikes
The recent sharp rise in coal prices has significantly pushed up the production costs of downstream industries, and has adversely affected the power supply and winter heating, and all sectors of society have responded strongly.
From the National Bureau of Statistics.
Data show that since late August as of October 19, thermal coal futures prices have continued to skyrocket, from less than 800 yuan/ton, all the way up to 1982.0 yuan/ton. As of the close on October 19, the price was 1835.6 yuan/ton.
In addition, the price of coal for heating has risen sharply in many places. According to media reports, the price of coal for heating in some places has risen from the previous 800 yuan per ton to more than 2,000 yuan per ton.
Lin Boqiang, dean of the China Energy Policy Research Institute of Xiamen University, analyzed to China News Network that the current coal price in China is at a historical high. On the one hand, electricity demand for coal has risen sharply. On the other hand, due to factors such as environmental protection, coal mining has declined, coupled with the rise in commodities such as oil and gas worldwide, which has also contributed to the rise of coal prices to a certain extent.
Data map: Coal railway transportation. Photo by Lu Yufei
National Development and Reform Commission's "Three Combat"
On the evening of October 19, the National Development and Reform Commission issued three articles in a row, attacking the "coal crazy".
The three measures include: the National Development and Reform Commission researches on the implementation of intervention measures on coal prices in accordance with the law; organizes a symposium for key coal, electricity, oil and gas transportation companies to ensure supply and price stability; and investigates in the Zhengzhou Commodity Exchange, emphasizing strengthening supervision in accordance with the law, and severely investigating and punishing the motivation of malicious capital speculation. Coal futures.
Irrational rise! Study on the implementation of intervention measures on coal prices in accordance with the law
The National Development and Reform Commission stated that coal is an important basic energy source and is closely related to the national economy and people's livelihood. The current price increase has completely deviated from the fundamentals of supply and demand, and the heating season is approaching, and the price is still showing a further irrational upward trend.
On the afternoon of October 19, the National Development and Reform Commission organized key coal companies, the China Coal Industry Association, and the China Electricity Council to hold a coal seminar on the energy supply mechanism for this winter and next spring to study the implementation of intervention measures on coal prices in accordance with the law.
Article 30 of the "Price Law" clearly stipulates that when the prices of important goods and services rise significantly or are likely to rise significantly, the State Council and the people's governments of provinces, autonomous regions, and municipalities directly under the Central Government may adopt a limited price difference or profit rate, set price limit, Implement intervention measures such as the price increase declaration system and the price adjustment filing system.
The National Development and Reform Commission will make full use of all necessary means stipulated in the "Price Law" to study specific measures to intervene in coal prices, promote the return of coal prices to a reasonable range, promote the return of the coal market to rationality, ensure safe and stable supply of energy, and ensure the warmth of the people winter.
Data map: Manzhouli station speeds up the efficiency of imported coal reloading to ensure the rapid transportation of coal. Photo by Lou Jianxiong
8 Tips to Ensure Supply and Stable Price: Strive to achieve a daily output of more than 12 million tons of coal
On the afternoon of October 19, the responsible comrades of the National Development and Reform Commission presided over a symposium on key coal, power, oil and gas transportation companies to maintain supply and stabilize prices.
For the next step of ensuring supply and price stabilization, the meeting put forward 8 requirements, one is to further release coal production capacity. The second is to steadily increase coal production. The third is to guide coal prices back to a reasonable level. The fourth is to further implement the full coverage of medium and long-term coal contracts for power and heat supply enterprises. The fifth is to promote the exhaustion of coal-fired power generation units. Sixth, the gas supply and use are guaranteed in strict accordance with the contract. Seven is to strengthen energy transportation security. The eighth is to strengthen the supervision of the futures spot market linkage.
According to the requirements, all coal mines in the fourth quarter must ensure safety and organize production in a safe and reasonable manner at full load. All localities must maintain normal production of coal mines during holidays and major events. It is strictly forbidden to shut down coal mines at will, and it is strictly forbidden to stop coal mines in a “one size fits all” area due to accidents in individual coal mines, to ensure that coal mines can produce full production under safe conditions, and strive to achieve a daily coal output of 1,200 More than 10,000 tons.
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