According to the current price laws, regulations and policies, and in combination with the main characteristics and prominent problems of the illegal bid up in the coal field, the national development and Reform Commission issued an announcement on the 30th to clarify the bid up behavior of operators in the coal field. The announcement defines four specific forms of bid up prices and their comprehensive considerations, including operators in the coal field fabricating price increase information, disseminating price increase information, hoarding strange things, and raising prices substantially or in disguised form without justified reasons. The announcement also made it clear that if the sales price of medium and long-term coal transactions exceeds the upper limit of the reasonable range of medium and long-term transaction prices, and if the sales price of spot coal transactions exceeds 50% of the upper limit of the reasonable range of medium and long-term transaction prices, it can generally be regarded as bid up prices. The relevant person in charge of the national development and Reform Commission said that bid up prices is considered to be one of the important reasons for this round of irrational rise in coal prices. From many years of practice, the current price laws, regulations and policies have relatively principled and lack specific provisions on the expression of bid up price behavior, which leads to the market subject's unclear understanding of the illegal boundary and can not guide the enterprise to operate in accordance with the law. At the same time, it also leads to the difficulty of identifying the illegal behavior. The official said that the national development and Reform Commission will pay close attention to the situation of the coal market, actively promote relevant departments to strengthen the supervision and inspection of market prices, strictly investigate and deal with violations of laws and regulations such as bid up prices in the coal field according to law, and typical cases will be exposed to the public. It is hoped that through the joint efforts of all parties, the coal market will return to rationality and the coal price will return to a reasonable range, stabilize the energy consumption cost of downstream enterprises and promote the stable operation of the economy. (Xinhua News Agency)
Edit：He Chuanning Responsible editor：Su Suiyue
Source：xinhua
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