Coal enterprises make every effort to increase production to ensure that coal storage in power plants is basically reasonable

On January 20, the China Coal Industry Association and China Coal Transportation and Marketing Association held a press conference to report on the operation of the national coal economy in 2020 and in the near future.

Thermal coal prices slowed down in January

The report pointed out that in 2020, the coal industry will actively respond to the challenge of the new crown pneumonia epidemic, coordinate the promotion of epidemic prevention and control and the resumption of coal mine production and production, coal production will remain at a high level, and the national coal supply will be generally stable.

In 2020, the raw coal output of enterprises above designated size nationwide was 3.

Since January, under the influence of cold wave weather and economic recovery, domestic coal demand has increased more than expected, coal inventories have continued to fall, coal supply and demand have been relatively tight, and coal market prices have continued to rise.

On the supply side, in early January, the coal output of key enterprises monitored by the China Coal Industry Association was 49.

In terms of price, the thermal coal long-term association price has risen steadily.

At the press conference, the National Energy Group, China Coal Group, Shaanxi Coal Group, Yitai Group and other companies introduced their supply guarantees.

The tight supply and demand in the later period will gradually ease

　　China Coal Industry Association analysis pointed out that since the beginning of winter, coal supply and demand have been tight in some areas, and coal market prices have risen sharply.
This is mainly due to the sustained and stable economic recovery, the impact of low temperature and cold waves, the decline in non-fossil energy power generation output, and the decline in coal production in Inner Mongolia.
related.

　　Regarding the coal market trend in the later period, the China Coal Industry Association judges that in the first quarter, under the combined influence of various factors such as the continuous economic recovery, the gradual rise in temperature, and the Spring Festival holiday, my country’s coal demand is expected to increase first and then decrease, and coal supply will generally stabilize.
Prices will adjust, and as the temperature gradually rises in the later period, the tight supply and demand situation in the coal market will gradually ease.

　　From the perspective of coal demand, first, the demand for thermal coal will first increase and then decrease.
In the first quarter, under the influence of the Spring Festival holiday factors and the gradual rise in temperature, the demand for industrial electricity and heating coal will fall, and the demand for electricity coal will first increase and then decrease.
In addition, in 2021, my country will adhere to the strategy of expanding domestic demand and opening up to the outside world at a high level.
The macro economy will continue to improve and the electricity consumption will continue to grow, which will support the growth of demand for thermal coal.
Second, the growth rate of coal demand in the steel and building materials industries will decline.
In the later stage, as various macroeconomic policies are implemented and effective, the market demand for steel and building materials is expected to be relatively strong.
In 2021 next year, the steel industry will promote the implementation of capacity control and production reduction.
It is expected that the output of steel and cement may not increase significantly in the later period, and the growth rate of coal demand in the steel and building materials industry will decline.

　　From the perspective of coal supply, first, in order to ensure the safe and stable supply of coal nationwide, major coal-producing provinces and regions and key coal enterprises will organize coal production according to their maximum capacity under the premise of ensuring safety, and the national coal supply will be generally stable.
Second, in order to ensure a stable coal mine safety situation at the end of the year and the beginning of the year, the safety supervision department will severely crack down on illegal activities in coal mine production.
Third, in order to balance the domestic coal supply and demand situation, relevant departments will give full play to the regulatory role of imported coal, appropriately increase coal imports, and ensure domestic coal demand for power generation and heating.

Transfer from: China Coal News

　　[Copyright and Disclaimer] All copyrighted works belonging to this website must be authorized when reprinting and indicate the source "China Industrial Economic Information Network".
Offenders of this website will reserve the right to pursue relevant legal responsibilities.
Any reprint of articles and corporate publicity information only represents the author's personal views, and does not represent the views and positions of this website.
For copyright matters, please contact: 010-65363056.

Further reading