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The China Coal Industry Association recently released the "2020 Annual Report on the Development of the Coal Industry" (hereinafter referred to as the "Report").
The "Report" puts forward the development goals of the coal industry during the "14th Five-Year Plan": By the end of the "14th Five-Year Plan", domestic coal production will be controlled at about 4.
The "Report" pointed out that during the "Thirteenth Five-Year Plan" period, the coal industry has achieved remarkable results in terms of resource development layout, supply system quality, industry concentration, scientific and technological innovation capabilities, and cleaner production.
During the "13th Five-Year Plan" period, about 5,500 coal mines nationwide were withdrawn, over 1 billion tons/year of outdated coal production capacity were withdrawn, and about 1 million employees were resettled.
In 2020, my country’s raw coal washing rate will reach 74.
The pace of strategic reorganization of coal enterprises has accelerated.
The "Report" emphasizes that during the "14th Five-Year Plan" period, it is necessary to deepen the supply-side structural reform as the main line, promote the clean and efficient use of coal, and promote the transformation of the coal industry from a production-oriented to a production-service-oriented, and a strategic transition from traditional energy to clean energy.
The "Report" pointed out that in 2020, the relationship between coal supply and demand will be temporarily tight or loose in the market, and the market spot price will fluctuate significantly, but the medium and long-term coal contract price has always been stable in a reasonable range.
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