Zhongxin Finance, May 23. The official WeChat account of the National Development and Reform Commission released the "Seventh Interpretation of Coal Price Regulation and Supervision Policy Series" on the 23rd.
The interpretation proposes that the Announcement of the National Development and Reform Commission on clarifying the behavior of operators in the coal field to drive up the price (No. 4 of 2022), put forward the specific manifestations of the price behavior of coal (domestic thermal coal, the same below), and clarify the coal production and operation enterprises. Coal shall not be sold by resale to related parties, and then by the related parties at a substantial increase in price.
For example, the upper limit of the reasonable range for the medium and long-term transaction price of Shaanxi coal (5,500 kcal, the same below) is 520 yuan/ton.
A local coal enterprise signed a medium-to-long-term coal contract with its controlling trading company, and agreed to supply the coal at a mining price of 450 yuan/ton, but the trading company then sold the batch of coal at a mining price of 550 yuan/ton. For power plants, if the selling price exceeds the upper limit of the reasonable range of medium and long-term transaction prices in the local mining process, it can generally be regarded as suspected of price gouging.