Coal supply and demand will be basically balanced in the second quarter

The China Coal Transportation and Marketing Association recently organized 14 large coal companies such as National Energy, China Coal, Jinneng Holdings, Shaanxi Coal, Yitai, Shanjiao, Shandong Energy, Longmei, Henan Energy and other responsible comrades to hold a symposium to understand the current situation.
Regarding the operation of the coal industry, accurately study and judge the future trend of the coal market, and do a good job in stabilizing the supply of coal.
The meeting predicted that coal supply and demand will be basically balanced in the second quarter.

The meeting stated that in general, large coal companies in the first quarter went all out to increase coal production and guarantee supply under the premise of ensuring safety, tried their best to meet the coal demand of downstream users, and ensured the performance of medium and long-term coal contracts, which effectively guaranteed the last winter.

In the second quarter, the sustained and stable recovery of the national economy will drive the growth of coal demand.

Regarding the current problems in the operation of the coal market, participating companies suggest: First, strengthen the supervision of medium and long-term coal contract performance, and increase the contract performance rate; second, promote the construction of a coal reserve system to reduce the impact of coal demand fluctuations in the off-peak and peak seasons on the market; third, Do a good job of monitoring and early warning of the coal market to maintain the stable operation of the coal market; fourth is to improve the coal price index system; fifth is to strengthen industry self-discipline to ensure a safe and stable supply of coal and promote the healthy development of the industry.

In response to the market situation in the later period, the participating coal companies stated that they will strengthen market monitoring and investigation and research, summarize experience, plan long-term, ensure the fulfillment of the long-term agreement contract, ensure the stable supply of coal under the premise of ensuring safety, and promote the smooth operation of the coal market and the sustainability of the coal industry.

In order to promote the smooth operation of the coal market, the experts at the meeting proposed: First, ensure the performance of medium and long-term coal contracts and give full play to the role of "ballast stone" in the long-term agreement; second, strengthen industry communication and maintain the balance of market supply and demand; third, strengthen coal Supervise mid- and long-term contracts to improve the binding and seriousness of contracts; fourth is to promote the implementation of hierarchical and hierarchical evaluation and management for users; fifth, it is recommended that coal enterprises actively respond to the challenge of “carbon peak and carbon neutrality”, take the initiative to give full play to the role of coal The safeguard role in the energy system.

　　Transfer from: China Mining News

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