The coal supply and demand situation will be further improved: production will increase significantly, and demand will continue to fall

According to the website of the National Development and Reform Commission, coal production across the country has increased significantly in recent days, and demand has continued to fall.
The coal supply from power plants has exceeded coal consumption
.

In terms of demand, the peak period of coal consumption in the summer of "seven down and eight up" is coming to an end, and coal demand has continued to decline overall

The policy of ensuring supply and price stabilization is overweight

Affected by a variety of factors, coal prices have continued to run at a high level since the beginning of this year.

Therefore, the policy of ensuring supply and price stability has continued to increase

The National Development and Reform Commission and the Energy Administration recently jointly issued a notice requesting that 5 provinces including Inner Mongolia, Shanxi, Shaanxi, Ningxia, Xinjiang, etc.

, extended the procedures for 15 coal mines that were in a state of suspension after the joint trial operation expired, and agreed to extend the joint trial operation time.
In 1 year, increase production and supply while ensuring safety

Recently, the Operation Bureau of the National Development and Reform Commission went to Tangshan City and Qinhuangdao City, Hebei Province to conduct special surveys on coal supply and price stability, and urged relevant parties to speed up circulation efficiency, ensure the supply of thermal coal, report transaction information in a timely manner, and actively cooperate with the coal price index compilation unit to be objective and truthful.

Reflect the situation of coal trading, prevent hoarding and drive up prices, and promote the smooth operation of the coal market

In addition, the National Development and Reform Commission and other three departments have recently jointly issued a notice to encourage qualified coal mines to nuclear increase production capacity and implement a capacity replacement commitment system for nuclear increase of coal mine production capacity
.

The notice clarified that coal mines that applied for nuclear increase before March 31, 2022 do not need to implement capacity replacement indicators in advance, and can use the promised method to carry out capacity replacement.
After obtaining the approval for capacity increase, the capacity replacement plan will be completed within 3 months

Not only that, coal reserves have been put on the market before
.

The National Development and Reform Commission stated that it will organize coal reserve resources into the market in batches according to changes in the supply and demand situation to ensure a stable supply of coal

　　The contradiction between supply and demand is gradually improving

　　With the implementation of a number of measures, the effects of a series of policies to ensure supply and stabilize prices are gradually appearing
.

The dispatch data released by the National Development and Reform Commission on the 11th showed that on August 10, the nationwide unified power plant supplied 7.
4 million tons of coal, a record high in summer, an increase of nearly 600,000 tons from the previous normal level; coal consumption was 7.
2 million tons, which was nearly 30 tons lower than the peak.
Million tons

　　Experts believe that as the policy increases and the demand seasonally weakens in the later period, the tight supply and demand of thermal coal is expected to ease, and the probability of price peaking and falling is rising
.

　　Zeng Xiang, a thermal coal analyst at Yide Futures, believes that as the conditions for nuclear capacity increase are relaxed, procedures are accelerated, and policy measures become more specific, the land for the Ordos open-pit coal mine has also been approved one after another, and the probability of real production increase in August and beyond has increased
.

Recently, railway shipments are showing signs of stabilization

　　The chief researcher of CITIC Securities' fixed income clearly stated that it is expected that price fluctuations brought about by the uncertainty of the supply side will slow down
.
From the perspective of thermal coal, after the peak of electricity consumption in August, demand may slow down, and some coal mines will resume production or actual output will be formed in August.
It is expected that thermal coal prices may fall after a short-term high operation
.

　　Transfer from: Xinhua Finance