The State Administration for Market Regulation deploys coal price supervision and inspection

In order to thoroughly implement the decisions and deployments of the CPC Central Committee and the State Council, serve the overall situation of energy supply during peak summer, and better serve the macroeconomic operation, the Price Supervision and Competition Bureau of the State Administration of Market Supervision recently issued a notice to deploy coal price supervision and inspection in all regions
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The notice requires that June to September be the centralized inspection period, and at the same time, focus on the establishment of a long-term supervision mechanism, which will be promoted throughout the year, with constant efforts
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Highlight the key points of thermal coal, and severely crack down on illegal activities such as price gouging and collusion to increase prices
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For fabricating and disseminating price hike information, disrupting the market price order, hoarding coal beyond the normal storage quantity or storage cycle, raising coal prices significantly when costs do not increase significantly, or coal prices rising significantly more than costs even though costs have increased The growth rate, through tying sales, greatly increasing transportation costs, and charging other unreasonable fees to increase coal prices in disguise, will be in accordance with the "Price Law", "Administrative Penalties for Price Violations" and "The State Administration for Market Regulation on Investigating and Punishing Price Gouging Illegal Acts".
Guiding Opinions” and other qualitative treatment
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