Recently, the State Energy Commission issued a notice to further improve the coal price regulation and control in the lower reaches of the coal market, so as to promote the rational development of the coal price and ensure the safe operation of the coal market. The notice clearly guides the coal price to operate within a reasonable range. From the market operation for many years, the medium and long-term transaction price of underground coal (5500kcal) in Qinhuangdao port is relatively reasonable from 570 yuan to 770 yuan per ton (including tax), and the upstream and downstream can achieve better coordinated development. Considering the reasonable circulation cost, production cost and other factors, the reasonable range of medium and long-term transaction price in the ore extraction link of key coal transfer out areas (Shanxi, Shaanxi and Inner Mongolia) is defined accordingly. The national development and Reform Commission has taken comprehensive measures with relevant parties to guide coal prices to operate within a reasonable range. According to the notice, improve the price transmission mechanism of coal and electricity. Guiding coal and electricity prices are mainly formed through medium and long-term transactions. When the medium and long-term transaction price of coal operates within a reasonable range, coal-fired power generation enterprises can fully transmit the change of fuel cost through market-oriented means under the current mechanism, and encourage the reasonable setting of terms linking the on grid price and the medium and long-term transaction price of coal in the medium and long-term transaction contract of electric power, so as to effectively realize coal Electricity price transmission. The circular stressed that we should improve the coal price regulation mechanism. We will improve the ability to regulate supply and demand, ensure reasonable and sufficient coal production capacity, improve the medium and long-term coal contract system, further enhance the government's dispatchable coal storage capacity, and improve the reserve regulation mechanism. Strengthen the management of market expectation. When the coal price exceeds a reasonable range, make full use of the means and measures stipulated in the price law and other laws and regulations to guide the return of coal price. Strengthen market supervision, prohibit improper intervention in the prices of coal and electricity operating within a reasonable range, strengthen the supervision of the performance of medium and long-term contracts of coal and electricity, strengthen the linkage supervision and antitrust supervision of the futures and spot market, and investigate and deal with price violations in a timely manner. The relevant person in charge of the national development and Reform Commission said that further improving the coal market price formation mechanism is conducive to stabilizing market expectations, curbing malicious capital speculation and preventing sharp rises and falls in coal prices; It is conducive to straightening out the price relationship between coal and electricity and promoting the coordinated development of upstream and downstream industries; It is conducive to giving full play to the role of coal as the basic energy to better ensure the safe and stable supply of energy; It is conducive to stabilizing the energy consumption cost of downstream enterprises and maintaining the stable operation of the economy. (Xinhua News Agency)
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
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