Original title: National Development and Reform Commission: my country’s coal production hits 11.93 million tons and prices are expected to fall steadily Source: CCTV News Client
According to the National Development and Reform Commission, since October, my country’s coal production has continued to grow. From November 1st to 5th, the average daily coal output reached 11.66 million tons, an increase of more than 1.2 million tons from the end of September, and the highest daily output reached 11.93 million tons. , A new high in recent years.
The 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 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 electric coal railways has remained at a historical high of more than 60,000 vehicles. Since November, the loading of electric coal has increased by more than 35% year-on-year. Coal supply from 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 to the end of September. About ten thousand tons. The coal storage in the port has steadily increased. On November 7, the coal yard 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 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 the medium and long-term contracts of thermal coal and the increase in coal storage.
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