Coal winter storage kicks off, multi-party linkage to ensure supply and stable prices

Coal winter storage kicked off

Recently, the National Development and Reform Commission issued a notice to various localities and related enterprises to make arrangements for the full coverage of medium and long-term coal contracts for direct insurance of power generation and heating enterprises

According to the Inner Mongolia Energy Administration, some local companies have begun to implement relevant measures

The coal price in the mid- and long-term contract agreement to be supplemented above will be the highest price on July 12th in the Ordos Coal Price Index

The China Coal Industry Association and China Coal Transportation and Marketing Association organized major domestic coal companies to also issue a joint initiative on September 16 to promote the safe and stable supply of coal in China

13 large coal companies, including National Energy Group and China Coal Group, promised to actively tap the potential to increase production, and at the same time actively do a good job in stabilizing coal prices, not arbitrarily increasing prices, actively resisting the behavior of driving up market prices, and guiding market prices to gradually return to a reasonable range

In the past, the coal industry and downstream coal-using companies concentrated on the negotiation of the long-term agreement for the new year from the end of the year to the beginning of the following year

Experts from the China Power Coal Purchasing Price Index (CECI) Compilation Office also suggested that power companies can plan effectively as a whole, with the goal of raising inventory to a reasonable inventory before the heating period arrives, breaking it down by time, and making use of a limited time for orderly replenishment.