According to the National Development and Reform Commission's 2009 Coal Production, Transportation, and Demand Video Conference, the difference from previous years is that the coal price continues to be priced in the market, but no price limit has been imposed. The National Development and Reform Commission made it clear that it will establish a coal price formation mechanism that fully reflects market supply and demand. Industry experts believe that this means that the "double-track system" of coal prices will end.
Development and Reform Commission "let go" coal pricing In the first half of this year, the market coal prices soared. In some regions and coal types, the price of key contract coal is less than half of the non-key market electricity coal price. However, since the end of August, the supply and demand situation in the coal market has suddenly reversed. In particular, since September, due to the impact of the world economic downturn, the bubble in the transaction price of the domestic coal market has broken down. Coal prices in the imaginary market have fallen sharply, while the price of the key contract coal for the implementation of planned prices has remained relatively stable.
In previous years, at the coal ordering meeting, due to tight coal resources and rising coal prices, the National Development and Reform Commission had to gradually promote the coal market order, while insisting on the "double-track system" of coal prices, limiting the rise of key coal to protect the interests of power companies. . Under the background of the reversal of the coal supply and demand situation, the coal price “dual-track system†will come to the limit or will come?
It is understood that the National Development and Reform Commission has initially determined that the trans-provincial coal transportation capacity allocation target for 2009 is 846 million tons.
At the same time, the National Development and Reform Commission, in an internal power company for coal-fired power companies, has determined that coal prices continue to be market-priced, negotiated and determined by the supply and demand sides, and improve the coal price formation mechanism that reflects market supply and demand, resource scarcity, and environmental damage costs.
“Under the current dual-track coal price system, the price gap between the key contract coal prices and the huge price of non-emphasized coal is continuously shrinking. The coal price of key contracts and non-emphasis contracts in many regions have already approached, and coal prices The conditions for the implementation of the dual track system can be said to be ready for everything, and it is only due to the east wind," said coal reviewer Li Chaolin.
The price of electric power enterprises was affected by the economic crisis at the beginning of the year. The power production in China has experienced a decline in demand for many years since the end of August, and even a negative growth in power generation.
"Now power plant coal is a serious excess of inventory, and a complete reversal occurred a few months ago," said a power group leader.
According to the person in charge, due to the sudden reversal of the supply and demand situation of coal, coal and electricity currently forecast that this supply and demand situation will become even more severe in 2009. Before the coal ordering conference was held in 2009, the two major coal-producing provinces of Shanxi and Henan had already taken the lead in convening a regional coal ordering meeting in an attempt to sign the 2009 order agreement with the power companies as soon as possible.
“But it is different from the previous situation in which power companies took over coal. There are very few electric power companies that have to sign contract coal. If they still go grab it, they will be fooled by other power plants,†said a person in charge of a power plant.
A power group executive revealed that the current coal companies have already communicated with the power plants. However, due to expectations that the coal price will further decline in 2009, the power company unanimously hopes to keep the key coal price in 2008 unchanged, but most coal companies hope that This price has risen slightly.
The contract price of key coal in 2008 was about 50 to 60 yuan per ton at the beginning of the year when compared with the coal price in the market. At that time, the key contract price for thermal coal above 5,500 kcal was 460 yuan/ton, but according to electricity companies, due to various cost additions, The actual CIF price is about RMB 500/ton, which is not much different from the coal price at that time. From the beginning of the year to August, coal prices above 5500 calories in the thermal coal market rose to nearly 1,000 yuan at the time, and current prices have dropped to 550 to 600 yuan/ton, which has basically fallen back to the spot level at the beginning of the year.
“The power companies have been suffering from coal shortages for several consecutive years. This year, the situation has reversed. The power companies have high stocks of coal and electricity, and they are cutting production or even half production. They have no enthusiasm for ordering. However, considering the long-term perspective, the coal supply situation will Changes have taken place. This year's Coal Orders Association expects that the power company will sign a priceless contract with coal, just like coal companies in previous years," said a responsible person in the power group.
However, in order to eliminate the “dual-track system†of coal prices, power companies hope that the government can consider the elimination of the “dual track system†for coal prices after straightening out the relationship between electricity prices and coal prices. Otherwise, once the coal price rises, the price of electricity cannot match the cost of power generation companies. Rising and timely linkage, power generation companies will fall into a serious loss of mud.
The coal companies are planning to have unified pricing and coal companies have already deeply realized that the current coal market situation is also taking measures to avoid losing the right to speak out.
Li Chaolin, manager of the Information Department of the China Coal Transportation and Marketing Association, believes that although the market coal price has decreased, the price of thermal coal for key contracts has been much lower than that for non-key contracted coal markets. “Originally, the price is low, and there is no reason to lower prices. , And should be appropriate price increases, pull the gap between the small and the market price of coal, and gradually cancel the dual-track system of key coal and non-key coal prices."
According to the person in charge of a coal company in Henan Province, there is a big gap between the key coal prices and market coal prices in the province. The price difference between key coal prices is lower than the market price by more than 300 yuan per ton, and the gap is lower than the market price by more than 100 yuan.
“We hope that the key contract coal price can continue to increase by about 50 yuan/ton per year,†said a person in charge of a coal company in Shanxi.
A few days ago, many coal companies in Shanxi proposed that the province should unify coal pricing, form a situation in which the whole province plays a game of chess, ensure the stability of coal prices, strengthen the right to speak abroad, and eliminate vicious price competition in the province.
The above-mentioned person in charge of the Shanxi Coal Enterprise pointed out that coal companies prefer to cancel the “double-track system†of coal prices when the coal supply situation is sluggish. “Even if the coal companies have to face the pain, they have to face the decline in coal prices, but the energy price is bullish for a long time. Firms should not always pay for prices that are still under government plans."
Development and Reform Commission "let go" coal pricing In the first half of this year, the market coal prices soared. In some regions and coal types, the price of key contract coal is less than half of the non-key market electricity coal price. However, since the end of August, the supply and demand situation in the coal market has suddenly reversed. In particular, since September, due to the impact of the world economic downturn, the bubble in the transaction price of the domestic coal market has broken down. Coal prices in the imaginary market have fallen sharply, while the price of the key contract coal for the implementation of planned prices has remained relatively stable.
In previous years, at the coal ordering meeting, due to tight coal resources and rising coal prices, the National Development and Reform Commission had to gradually promote the coal market order, while insisting on the "double-track system" of coal prices, limiting the rise of key coal to protect the interests of power companies. . Under the background of the reversal of the coal supply and demand situation, the coal price “dual-track system†will come to the limit or will come?
It is understood that the National Development and Reform Commission has initially determined that the trans-provincial coal transportation capacity allocation target for 2009 is 846 million tons.
At the same time, the National Development and Reform Commission, in an internal power company for coal-fired power companies, has determined that coal prices continue to be market-priced, negotiated and determined by the supply and demand sides, and improve the coal price formation mechanism that reflects market supply and demand, resource scarcity, and environmental damage costs.
“Under the current dual-track coal price system, the price gap between the key contract coal prices and the huge price of non-emphasized coal is continuously shrinking. The coal price of key contracts and non-emphasis contracts in many regions have already approached, and coal prices The conditions for the implementation of the dual track system can be said to be ready for everything, and it is only due to the east wind," said coal reviewer Li Chaolin.
The price of electric power enterprises was affected by the economic crisis at the beginning of the year. The power production in China has experienced a decline in demand for many years since the end of August, and even a negative growth in power generation.
"Now power plant coal is a serious excess of inventory, and a complete reversal occurred a few months ago," said a power group leader.
According to the person in charge, due to the sudden reversal of the supply and demand situation of coal, coal and electricity currently forecast that this supply and demand situation will become even more severe in 2009. Before the coal ordering conference was held in 2009, the two major coal-producing provinces of Shanxi and Henan had already taken the lead in convening a regional coal ordering meeting in an attempt to sign the 2009 order agreement with the power companies as soon as possible.
“But it is different from the previous situation in which power companies took over coal. There are very few electric power companies that have to sign contract coal. If they still go grab it, they will be fooled by other power plants,†said a person in charge of a power plant.
A power group executive revealed that the current coal companies have already communicated with the power plants. However, due to expectations that the coal price will further decline in 2009, the power company unanimously hopes to keep the key coal price in 2008 unchanged, but most coal companies hope that This price has risen slightly.
The contract price of key coal in 2008 was about 50 to 60 yuan per ton at the beginning of the year when compared with the coal price in the market. At that time, the key contract price for thermal coal above 5,500 kcal was 460 yuan/ton, but according to electricity companies, due to various cost additions, The actual CIF price is about RMB 500/ton, which is not much different from the coal price at that time. From the beginning of the year to August, coal prices above 5500 calories in the thermal coal market rose to nearly 1,000 yuan at the time, and current prices have dropped to 550 to 600 yuan/ton, which has basically fallen back to the spot level at the beginning of the year.
“The power companies have been suffering from coal shortages for several consecutive years. This year, the situation has reversed. The power companies have high stocks of coal and electricity, and they are cutting production or even half production. They have no enthusiasm for ordering. However, considering the long-term perspective, the coal supply situation will Changes have taken place. This year's Coal Orders Association expects that the power company will sign a priceless contract with coal, just like coal companies in previous years," said a responsible person in the power group.
However, in order to eliminate the “dual-track system†of coal prices, power companies hope that the government can consider the elimination of the “dual track system†for coal prices after straightening out the relationship between electricity prices and coal prices. Otherwise, once the coal price rises, the price of electricity cannot match the cost of power generation companies. Rising and timely linkage, power generation companies will fall into a serious loss of mud.
The coal companies are planning to have unified pricing and coal companies have already deeply realized that the current coal market situation is also taking measures to avoid losing the right to speak out.
Li Chaolin, manager of the Information Department of the China Coal Transportation and Marketing Association, believes that although the market coal price has decreased, the price of thermal coal for key contracts has been much lower than that for non-key contracted coal markets. “Originally, the price is low, and there is no reason to lower prices. , And should be appropriate price increases, pull the gap between the small and the market price of coal, and gradually cancel the dual-track system of key coal and non-key coal prices."
According to the person in charge of a coal company in Henan Province, there is a big gap between the key coal prices and market coal prices in the province. The price difference between key coal prices is lower than the market price by more than 300 yuan per ton, and the gap is lower than the market price by more than 100 yuan.
“We hope that the key contract coal price can continue to increase by about 50 yuan/ton per year,†said a person in charge of a coal company in Shanxi.
A few days ago, many coal companies in Shanxi proposed that the province should unify coal pricing, form a situation in which the whole province plays a game of chess, ensure the stability of coal prices, strengthen the right to speak abroad, and eliminate vicious price competition in the province.
The above-mentioned person in charge of the Shanxi Coal Enterprise pointed out that coal companies prefer to cancel the “double-track system†of coal prices when the coal supply situation is sluggish. “Even if the coal companies have to face the pain, they have to face the decline in coal prices, but the energy price is bullish for a long time. Firms should not always pay for prices that are still under government plans."
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