Chinanews.com, November 8th. According to the "National Development and Reform Commission" WeChat public account on the 8th, since October, all regions, relevant departments and coal companies have conscientiously implemented the decisions and deployments of the Party Central Committee and the State Council, and vigorously promoted coal supply guarantees. Stabilizing prices, the continuous increase in national coal production and market supply, and the acceleration of coal storage in power plants and ports have provided strong support for the sharp drop in coal futures spot prices, and laid a good foundation for ensuring energy security and supply and the people’s warm winter.

A train full of coal at the coal freight station.

(Information Picture) Photo by China News Agency reporter Wei Liang

The maximum daily output of coal reached 11.93 million tons, a record high in recent years.

With the release of coal mine nuclear capacity increase, the gradual commissioning of coal mine construction, and the temporary shutdown of coal mine production, coal production has continued to increase since October. From November 1 to 5, the average daily scheduled coal output reached 11.66 million tons, an increase from the end of September. Over 1.2 million tons, the highest daily output reached 11.93 million tons, a record high in recent years.

The coal sources of power generation and heating enterprises have been fully implemented, and the signing rate of medium and long-term contracts has basically achieved full coverage.

It has organized power generation and heating companies twice to sign the fourth quarter coal medium and long-term contracts, coordinated the coal-producing provinces of Shanxi, Shaanxi, and Mongolia to implement a new coal source of 150 million tons, so as to achieve full coverage of coal medium and long-term contracts for power generation and heating companies.

As of November 6, the coverage of medium- and long-term coal contracts for power generation and heating enterprises in various provinces, autonomous regions, and municipalities has exceeded 90%, of which 24 provinces, autonomous regions, and municipalities have reached 100%.

The supply of thermal coal continued to increase, and the recovery of coal stocks in power plants accelerated.

The railway loading of thermal coal has remained at a historical high of more than 60,000 vehicles. Since November, the loading of thermal coal has increased by more than 35% year-on-year.

The coal supply of power plants continued to exceed coal consumption, and coal storage increased rapidly. Since November, the average daily coal supply has reached 7.74 million tons, and the average daily inventory has increased by 1.6 million tons. On November 6, the coal storage of power plants exceeded 117 million tons, an increase of 4000 compared with the end of September. About ten thousand tons.

The coal storage level in the port has steadily increased. On November 7, the coal storage at Qinhuangdao Port reached 5.39 million tons, an increase of nearly 1.5 million tons from the end of September.

　　With the increase in national coal production and supply and the increase in coal stocks in power plants and ports, the spot price of thermal coal futures has fallen sharply.

In the later stage, coal prices are expected to continue to decline steadily as coal production capacity is further released and coal production continues to increase, coupled with the reduction in power plant market purchases after the fulfillment of medium and long-term contracts for thermal coal and the increase in coal storage.

Screenshot of the WeChat Official Account of the National Development and Reform Commission