The National Development and Reform Commission canceled coal orders for two consecutive years, allowing coal-fired companies to connect freely. But for companies that have started to dock this year, this is certainly not a free market.
The newspaper was informed that the 2011 National Coal Supply and Demand Contract Convening Conference (renamed Coal Ordering Association, hereinafter referred to as the Coal Contract Summary Meeting) scheduled to be held in Dalian on the 12th of this month was not held as scheduled. Tang Jingwen, a senior adviser to Dalian Northeast Asia Coal Trading Center, said that so far, the Coal Marketing Association has not agreed.
The Coal Transportation and Marketing Association is responsible for summarizing statistics on the annual coal supply and demand contract in China. According to the notice from the National Development and Reform Commission, the total amount of China's coal contracts in 2011 was 932 million tons, of which the total amount of key coal was 769 million tons, and it should be completed by December 31 of this year at the latest.
However, so far, the key coal contracts that the Coal Transportation and Marketing Association has summarized are still "poor." People of the Coal Transportation and Marketing Association told this newspaper that “it can't be opened, but at the moment, it seems that there is no need to open it.â€
This is the second time that the country has left the company free to dock in the event of cancellation of the coal contract meeting. However, the premise of letting is a paper price order. At the same time, local governments started their own plans and gave priority to the supply in the province and restricted the province. Unequal distribution of power coal supply and demand has become even more intense.
Cancellation According to a notice recently issued by the National Development and Reform Commission, “The leading supply and demand company has continued to extend its key annual coal-based coal contracts with a total volume of 300,000 tons or more (including 300,000 tons) in 2010 to 2011, and the railway transportation capacity has been maintained at the previous year level. constant". At the same time, it issued a "price limit order", saying that "in the year of production, transportation and demand convergence in 2011, the annual price of key coal power contracts will remain unchanged from the previous year, and prices may not be disguised in any form."
This provision allows coal companies to once again see the door opened by the government to let go.
A person from the Coal Transportation and Marketing Association said that the National Development and Reform Commission's practice of directly restricting the price of the key contract coal next year, despite the consideration of preventing inflation, is inconsistent with the spirit of last year.
At the end of 2009, the National Development and Reform Commission issued the "Guiding Opinion on Perfecting the Coupling of Coal Production, Transportation, and Demand," and it was considered by the market as an improvement. The government finally began to liberalize the intervention practices in coal-fired top-of-the-line cattle. Sure enough, in 2010 as the first year of the definitive cancellation of the contract, only the total index of the key contract framework was determined to be 906.5 million tons, of which 721.6 million tons was for electric coal. The summary function of the national key coal is taken over by an electronic platform established by the Coal Transportation and Marketing Association. The two sides of the power coal only need to fill in data such as the number of contracts and the implementation status of the transportation capacity.
However, the subsequent market did not give the National Development and Reform Commission too much attention. The contract collection time for that year was not only greatly delayed, but the aggregate indicators displayed on the electronic platform were eventually found to have some data that did not actually sign the contract. In July 2010, as market prices rose sharply, some coal companies in Yitai, Inner Mongolia, and Shanxi Province even appeared to raise their prices for signing key contracts at the beginning of the year. Since then, these enterprises were investigated by the National Development and Reform Commission and were asked to refund overcharged prices.
The coal contract summary next year will continue to use the electronic trading platform, but in the view of the market, the data binding on the electronic platform is very poor. Therefore, the National Development and Reform Commission issued the “Notice on Accomplishing the Coordinative Work for Coal Production and Transportation in 2011â€, which not only stipulates that the coal contract price will remain unchanged, but also that the railway transportation capacity will also “maintain the same level as last yearâ€.
In the eyes of coal companies, the above regulations mean that the major contracts of the five major power generation groups, Shenhua, and China Coal, etc., will not need to be discussed again next year. Regardless of contract volume or price, they are basically the same as those signed in 2009. can.
Jiangsu Ruihua Fuel Group has long supplied electricity and metallurgical coal to the Yangtze River Delta region. Coal is mainly supplied by China Coal, Shenhua, Shanxi and Inner Mongolia. Zhang Kai, vice president of the group, visited the major coal companies that cooperated all the time last month. For the price and quantity in 2011, he said that both sides are already very clear and are relatively stable.
The impact of local interventions on coal contract summarization seems to be weakening by the National Development and Reform Commission, while the local government is continuously strengthening.
On December 6, the coal supply and demand coalition meeting of Henan Province will be proposed. In 2011, the price of key coal contracts will maintain the level of 2010, and the transaction contract price will be executed according to the market trading price on November 22 this year. A coal person attended the meeting and said, "In so doing, 5,000 kcal of key coal is equivalent to 550 yuan." For power plants, this price is obviously high.
The above-mentioned sources said that such a high price set by Henan will facilitate the transfer of more coal from outside the province, and at the same time it will help ensure the production enthusiasm of the coal enterprises in the province. Henan is one of the provinces with tight electricity supply and demand. The province's coal production is about 200 million tons per year, but the province's consumption is nearly 400 million tons, and nearly half of the gap needs to be transferred from other provinces.
At this meeting on supply and demand of coal, the Henan Provincial Government has also made it clear that, with the exception of individual key customers in Hunan and other places, coal in the province will not be allowed to come out of the province. In fact, shortly after the meeting, the province's power plant coal deposits began to rush. 17 power plants had coal deposits for less than 3 days. The province's coal stocks were only 2.56 million tons, which was far below the 3.5 million tons warning line for the lowest coal stocks in winter.
"Limiting coal out of the province" has become a common practice everywhere. It is reported that the relevant departments of the coal province of Shanxi have also made it clear that the province’s coal resources are uniformly organized and negotiated, and coal mines are strictly prohibited from leaving the province.
Before Henan, Guizhou also held a provincial coal meeting. Immediately afterwards, Shaanxi Province also convened a coal preparation meeting in the province. It is now clear that during the coal connection period in 2011, coal in the province could not be shipped outside of the province, giving priority to the needs in the province.
In addition, in the signing of the 2011 coal power contract, the five major groups will no longer focus on negotiating and signing contracts in the name of the group. Instead, they are signed by local power plants under their own names, because “this is in response to the strength of large coal provinces and large companies. Will be more flexible."
Zhang Shengji, deputy director of the fuel department of Guodian Group, said that the most prominent problem with power plants is that there are too few key plans and the contract redemption rate is too low. The power plants still do not adapt to changes in coal supply structure and market requirements, and the main supply channels have not yet been established.
Coal companies expect that due to the “price limit†and the stability of most power plant inventories, market coal prices will not have the habitual skyrocketing coal order season as in previous years, and coal prices in the northern ports of Qinhuangdao remain stable, even Slightly lower.
But this does not mean that the key contract will not have any risk. A person from the Coal Marketing Association said, “We only control the number of contracts. Regardless of prices, the National Development and Reform Commission and the Ministry of Railways are only the result of platform aggregation, and then arrange and arrange capacity, but whether or not the platform can represent real contracts signed by companies, the prices have no Conditions are not what we can do. As for the price issue, it is the price department."
According to the practice of previous years, once the coal price in the market has risen sharply, the key contracts signed by the two sides of the electric power coal have lost their functions and the contract redemption rate has been greatly reduced. The market will still test the NDRC's limit order, and will once again test the true and false components of the country's more than 900 million tons of key contract coal determined by an electronic trading platform.
The newspaper was informed that the 2011 National Coal Supply and Demand Contract Convening Conference (renamed Coal Ordering Association, hereinafter referred to as the Coal Contract Summary Meeting) scheduled to be held in Dalian on the 12th of this month was not held as scheduled. Tang Jingwen, a senior adviser to Dalian Northeast Asia Coal Trading Center, said that so far, the Coal Marketing Association has not agreed.
The Coal Transportation and Marketing Association is responsible for summarizing statistics on the annual coal supply and demand contract in China. According to the notice from the National Development and Reform Commission, the total amount of China's coal contracts in 2011 was 932 million tons, of which the total amount of key coal was 769 million tons, and it should be completed by December 31 of this year at the latest.
However, so far, the key coal contracts that the Coal Transportation and Marketing Association has summarized are still "poor." People of the Coal Transportation and Marketing Association told this newspaper that “it can't be opened, but at the moment, it seems that there is no need to open it.â€
This is the second time that the country has left the company free to dock in the event of cancellation of the coal contract meeting. However, the premise of letting is a paper price order. At the same time, local governments started their own plans and gave priority to the supply in the province and restricted the province. Unequal distribution of power coal supply and demand has become even more intense.
Cancellation According to a notice recently issued by the National Development and Reform Commission, “The leading supply and demand company has continued to extend its key annual coal-based coal contracts with a total volume of 300,000 tons or more (including 300,000 tons) in 2010 to 2011, and the railway transportation capacity has been maintained at the previous year level. constant". At the same time, it issued a "price limit order", saying that "in the year of production, transportation and demand convergence in 2011, the annual price of key coal power contracts will remain unchanged from the previous year, and prices may not be disguised in any form."
This provision allows coal companies to once again see the door opened by the government to let go.
A person from the Coal Transportation and Marketing Association said that the National Development and Reform Commission's practice of directly restricting the price of the key contract coal next year, despite the consideration of preventing inflation, is inconsistent with the spirit of last year.
At the end of 2009, the National Development and Reform Commission issued the "Guiding Opinion on Perfecting the Coupling of Coal Production, Transportation, and Demand," and it was considered by the market as an improvement. The government finally began to liberalize the intervention practices in coal-fired top-of-the-line cattle. Sure enough, in 2010 as the first year of the definitive cancellation of the contract, only the total index of the key contract framework was determined to be 906.5 million tons, of which 721.6 million tons was for electric coal. The summary function of the national key coal is taken over by an electronic platform established by the Coal Transportation and Marketing Association. The two sides of the power coal only need to fill in data such as the number of contracts and the implementation status of the transportation capacity.
However, the subsequent market did not give the National Development and Reform Commission too much attention. The contract collection time for that year was not only greatly delayed, but the aggregate indicators displayed on the electronic platform were eventually found to have some data that did not actually sign the contract. In July 2010, as market prices rose sharply, some coal companies in Yitai, Inner Mongolia, and Shanxi Province even appeared to raise their prices for signing key contracts at the beginning of the year. Since then, these enterprises were investigated by the National Development and Reform Commission and were asked to refund overcharged prices.
The coal contract summary next year will continue to use the electronic trading platform, but in the view of the market, the data binding on the electronic platform is very poor. Therefore, the National Development and Reform Commission issued the “Notice on Accomplishing the Coordinative Work for Coal Production and Transportation in 2011â€, which not only stipulates that the coal contract price will remain unchanged, but also that the railway transportation capacity will also “maintain the same level as last yearâ€.
In the eyes of coal companies, the above regulations mean that the major contracts of the five major power generation groups, Shenhua, and China Coal, etc., will not need to be discussed again next year. Regardless of contract volume or price, they are basically the same as those signed in 2009. can.
Jiangsu Ruihua Fuel Group has long supplied electricity and metallurgical coal to the Yangtze River Delta region. Coal is mainly supplied by China Coal, Shenhua, Shanxi and Inner Mongolia. Zhang Kai, vice president of the group, visited the major coal companies that cooperated all the time last month. For the price and quantity in 2011, he said that both sides are already very clear and are relatively stable.
The impact of local interventions on coal contract summarization seems to be weakening by the National Development and Reform Commission, while the local government is continuously strengthening.
On December 6, the coal supply and demand coalition meeting of Henan Province will be proposed. In 2011, the price of key coal contracts will maintain the level of 2010, and the transaction contract price will be executed according to the market trading price on November 22 this year. A coal person attended the meeting and said, "In so doing, 5,000 kcal of key coal is equivalent to 550 yuan." For power plants, this price is obviously high.
The above-mentioned sources said that such a high price set by Henan will facilitate the transfer of more coal from outside the province, and at the same time it will help ensure the production enthusiasm of the coal enterprises in the province. Henan is one of the provinces with tight electricity supply and demand. The province's coal production is about 200 million tons per year, but the province's consumption is nearly 400 million tons, and nearly half of the gap needs to be transferred from other provinces.
At this meeting on supply and demand of coal, the Henan Provincial Government has also made it clear that, with the exception of individual key customers in Hunan and other places, coal in the province will not be allowed to come out of the province. In fact, shortly after the meeting, the province's power plant coal deposits began to rush. 17 power plants had coal deposits for less than 3 days. The province's coal stocks were only 2.56 million tons, which was far below the 3.5 million tons warning line for the lowest coal stocks in winter.
"Limiting coal out of the province" has become a common practice everywhere. It is reported that the relevant departments of the coal province of Shanxi have also made it clear that the province’s coal resources are uniformly organized and negotiated, and coal mines are strictly prohibited from leaving the province.
Before Henan, Guizhou also held a provincial coal meeting. Immediately afterwards, Shaanxi Province also convened a coal preparation meeting in the province. It is now clear that during the coal connection period in 2011, coal in the province could not be shipped outside of the province, giving priority to the needs in the province.
In addition, in the signing of the 2011 coal power contract, the five major groups will no longer focus on negotiating and signing contracts in the name of the group. Instead, they are signed by local power plants under their own names, because “this is in response to the strength of large coal provinces and large companies. Will be more flexible."
Zhang Shengji, deputy director of the fuel department of Guodian Group, said that the most prominent problem with power plants is that there are too few key plans and the contract redemption rate is too low. The power plants still do not adapt to changes in coal supply structure and market requirements, and the main supply channels have not yet been established.
Coal companies expect that due to the “price limit†and the stability of most power plant inventories, market coal prices will not have the habitual skyrocketing coal order season as in previous years, and coal prices in the northern ports of Qinhuangdao remain stable, even Slightly lower.
But this does not mean that the key contract will not have any risk. A person from the Coal Marketing Association said, “We only control the number of contracts. Regardless of prices, the National Development and Reform Commission and the Ministry of Railways are only the result of platform aggregation, and then arrange and arrange capacity, but whether or not the platform can represent real contracts signed by companies, the prices have no Conditions are not what we can do. As for the price issue, it is the price department."
According to the practice of previous years, once the coal price in the market has risen sharply, the key contracts signed by the two sides of the electric power coal have lost their functions and the contract redemption rate has been greatly reduced. The market will still test the NDRC's limit order, and will once again test the true and false components of the country's more than 900 million tons of key contract coal determined by an electronic trading platform.