Chinanews client, Beijing, November 8 (Reporter Li Jinlei) The reporter learned from the National Development and Reform Commission that the highest daily coal output reached 11.93 million tons, a record high in recent years.
It is expected that in the later period, coal prices are expected to continue to decline steadily.
Data map: Coal railway transportation.
Photo by Lu Yufei
Since October, the country’s coal production and market supply have continued to increase, and coal storage in power plants and ports has accelerated, providing strong support for the sharp drop in coal futures spot prices and laying a solid foundation for ensuring energy safety and supply and the people’s warm winter.
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, regions, and municipalities has exceeded 90%, of which 24 provinces, 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 loading of thermal coal railways 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 yard storage of 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.
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