China Coal Association and other organizations issued a joint initiative to actively resist market price hikes

Recently, the China Coal Industry Association and the China Coal Transportation and Marketing Association have organized a joint initiative by major domestic coal companies
.

The initiative mentions strengthening corporate self-discipline, taking the initiative to do a good job in stabilizing coal prices, not arbitrarily raising prices, actively resisting market price bidding, guiding market prices to gradually return to a reasonable range, and promoting the stable operation of the coal market and the high-quality development of the industry

The full text is as follows:

Joint Proposal

In order to thoroughly implement the series of decisions and deployments of the Party Central Committee and the State Council on ensuring the supply and price stability of bulk commodities, promote the safe and stable supply of coal in our country, and provide a solid energy guarantee for the stable operation of the national economy and the warmth of the people in winter, the China Coal Industry Association , China Coal Transportation and Marketing Association organizes major domestic coal enterprises to jointly issue an initiative:

1.

Persist in taking national energy security as a political responsibility and fundamental bottom line, take the initiative to assume the social responsibility of increasing coal production and ensuring supply, and effectively play the role of energy security "stabilizer" and "ballast stone"

2.

Give full play to the role of large enterprises in stabilizing the market, strictly implement the medium and long-term coal contract system, adhere to the "base price + floating price" price mechanism, consciously standardize contract performance, and build a market mechanism for win-win cooperation between upstream and downstream

3.

Improve political positions, strengthen corporate self-discipline, take the initiative to stabilize coal prices, refrain from arbitrarily raising prices, actively resist driving up market prices, guide market prices to gradually return to a reasonable range, and promote the stable operation of the coal market and the high-quality development of the industry

4.

Prepare in advance for the convergence of coal production and transportation needs in 2022, strengthen the docking with downstream coal-using companies, and start the national mid- and long-term coal contract signing work in 2022 as soon as possible, further increase the number of mid- and long-term contracts signed, increase the signing rate, and sign early and more.
, Sign and sign long-term and medium-term coal contracts to ensure a stable and orderly supply in the coal market

National Energy Group China Coal Group

Jinneng Holding Group Shandong Energy Group

Shaanxi Coal Chemical Industry Group Inner Mongolia Yitai Group

September 15, 2021