Coal economic operation in the first three quarters of 2021

According to news from the Coal Industry Network, in the first three quarters, under the influence of multiple factors such as sustained and stable recovery of the macro economy, strong seasonal coal demand, and poor hydropower output, China's coal consumption maintained a rapid growth trend

1.

(1) Coal production has increased steadily

(2) The decline in coal imports continued to narrow

(3) Coal consumption is vigorous, and the growth rate has gradually declined

(4) The coal inventory in the whole society is low

(5) The coal market prices are operating at a high level

(6) The industry's investment in fixed assets grew steadily

(7) The benefits of the industry gradually recovered
.
From January to August, the operating income of coal enterprises above designated size was 1,785.
75 billion yuan, a year-on-year increase of 39.
3%; the total profit was 329.
03 billion yuan, a year-on-year increase of 145.
3%
.
At the end of August, the accounts receivable of coal enterprises above designated size were 385.
92 billion yuan, a year-on-year increase of 34.
0%
.

2.
Anticipation of the coal supply and demand situation this winter and next spring

(1) Coal supply will maintain growth
.
Increasing coal production and supply will accelerate
.
From October 1-13, the average daily coal output of key coal enterprises was 6.
93 million tons, an average daily increase of 4.
5% month-on-month.
The coal production and sales momentum of key enterprises was good, and the effect of increasing coal production and ensuring supply gradually appeared
.
In the later period, coal enterprises will accelerate the work of increasing coal production and ensuring supply, and make every effort to increase coal supply
.
Relevant departments will jointly promote coal mines with the potential to increase production to release advanced production capacity as soon as possible, and promote the stable production of coal mines in accordance with laws and regulations
.
With the joint efforts of all parties concerned, it is expected that China's coal production will maintain growth
.
Relevant parties will continue to increase coal imports to meet the needs of key domestic users and people's livelihood coal.
The cumulative increase in coal imports across the country is expected to turn from negative to positive
.

　　(2) Coal demand will be relatively strong
.
As the production and operation activities of enterprises continue to resume, China's macro economy is expected to maintain a stable recovery trend
.
All regions and departments will strengthen cross-cycle adjustments, strive to keep the economy operating within a reasonable range, and promote a stable and positive economy.
It is expected that China's energy demand and power consumption will maintain rapid growth, which will support coal demand
.

　　(3) Coal supply and demand will be tight overall.
It is expected that during this winter and next spring, coal demand, especially coal demand for power generation and heating, will be relatively strong, coal supply is expected to maintain growth, coal supply and demand will generally be tight, and coal prices may increase.
Fluctuatingly run at high levels
.

　　3.
Relevant suggestions

　　(1) Strengthen unity and cooperation to promote high-quality development of the industry
.
It is recommended to give full play to the role of the association as a bridge, improve the internal communication and coordination mechanism of the industry, strengthen communication and unity and cooperation, strengthen industry self-discipline, strengthen industry coordination, give play to the role model of large enterprises, jointly maintain a relatively stable development situation, and create a good market Atmosphere, safeguard the overall interests of the coal industry and promote the high-quality development of the coal industry
.

　　(2) Go all out to do a good job in increasing coal production, ensuring supply and stabilizing prices
.
It is recommended that companies adhere to the bottom line of compliance with laws and regulations, and under the premise of ensuring safety, go all out to increase coal production, ensure supply and stabilize prices, scientifically arrange production plans, effectively release advanced production capacity, strive to increase coal supply, and improve coal supply security capabilities
.
Actively assume the social responsibility of ensuring coal supply and price stabilization, give full play to the role of “stabilizer” and “ballast stone” in medium and long-term coal contracts, maintain the normal order of the market, and make every effort to promote the full coverage of the long-term coal contract for power generation and heating.
The bottom line of coal for the people's livelihood ensures that the people live warmly through the winter
.

　　(3) Adhere to and improve the medium and long-term contract system, and strengthen the fulfillment of contract performance
.
It is recommended to adhere to and improve the coal medium and long-term contract system, give full play to the pricing mechanism of “basic price + floating price” in coal medium and long-term contracts, prevent coal prices from rising and falling, and continuously consolidate the long-term and stable strategic cooperative relationship between the three parties of production, transportation and demand
.
Strictly implement the requirements of medium and long-term coal contracts, strengthen the awareness of contract performance, consciously standardize contract performance, strengthen the fulfillment of medium and long-term contracts, and ensure that the long-term contract fulfillment rate of coal for power generation and heating in the fourth quarter reaches 100%
.

　　(4) Strengthen the monitoring and early warning of the coal market
.
It is recommended to improve the coal market monitoring and early warning mechanism, strengthen market dynamic monitoring and analysis and judgment, and formulate emergency plans to ensure coal supply
.
In-depth study of the development trend of the coal industry and the development path of the enterprise under the "dual carbon" goal, rationally look at the changes in the supply and demand of the coal market, strengthen consultation, communication and coordination and linkage, and promote the smooth operation of the coal market
.

Transfer from: China Coal Industry Association