Measures to ensure supply and price stabilization are in force, and the highest daily output hits a new high in recent years——
Coal prices are expected to continue to decline steadily
News from Beijing, November 8 (Reporter Gu Yang) The National Development and Reform Commission announced on the 8th that coal production has continued to grow since October with the release of nuclear increase in coal production capacity, the gradual commissioning of construction of coal mines, and the resumption of temporary production of coal mines. , From November 1 to 5, the average daily coal output reached 11.66 million tons, and the highest daily output reached 11.93 million tons, a record high in recent years.
Since October, all regions, relevant departments and coal enterprises have conscientiously implemented the decisions and arrangements of the Party Central Committee and the State Council, vigorously promoted coal supply and price stabilization. National coal production and market supply have continued to increase, and coal storage in power plants and ports has accelerated. The sharp drop in the spot price of coal futures has provided strong support and laid a solid foundation for ensuring the safety of energy supply and the warmth of the people through the winter.
According to reports, coal sources for 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 to sign up for the fourth quarter coal medium and long-term contracts twice, coordinated with Shanxi, Shaanxi, Mongolia and Mongolia to implement 150 million tons of coal sources, and realized full coverage of coal medium and long-term contracts for power and heating enterprises.
As of November 6, the coverage of medium and long-term coal contracts in all 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.
The relevant person in charge of the National Development and Reform Commission said that 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 period, 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 mid- and long-term contracts for thermal coal and the increase in coal storage.