Summary
[National Development and Reform Commission: The scale of coal reserves will be further expanded]The National Development and Reform Commission stated on July 16 that the country is advancing the construction of coal reserve capacity. The overall goal is to form a coal reserve capacity equivalent to 15% of annual coal consumption and about 600 million tons in the country. Among them, the government can dispatch coal reserves of no less than 200 million tons, which are directly dispatched by the state and local governments, and the other 400 million tons are corporate inventories, which are adjusted through the minimum and maximum inventory system. In the next step, it will also accelerate the construction of a reserve capacity of more than 100 million tons, and at the same time promote the increase of coal storage in the reserve facilities that have been put into operation, strengthen management, accelerate turnover, and ensure that coal reserves can play a role in a timely and effective manner. (Securities Times)
The National Development and Reform Commission stated on July 16 that the country is advancing the construction of coal reserve capacity. The overall goal is to form a coal reserve capacity equivalent to 15% of the annual coal consumption and about 600 million tons of coal in the country, of which the government can dispatch coal reserves of no less than 2 100 million tons are directly dispatched by the state and local governments, and the other 400 million tons are corporate inventories, which are adjusted through the minimum and maximum inventory system. In the next step, it will also accelerate the construction of a reserve capacity of more than 100 million tons, and at the same time promote the increase of coal storage in the reserve facilities that have been put into operation, strengthen management, accelerate turnover, and ensure that coal reserves can play a role in a timely and effective manner.
(Source: Securities Times)
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