The National Development and Reform Commission has deployed and implemented the reform of the coal market price formation mechanism

Source: Wind

Hong Kong Wind News Agency reported that the National Development and Reform Commission stated on April 27 that on February 24, the National Development and Reform Commission issued the “Notice on Further Improving the Coal Market Price Formation Mechanism” (Fa Gai Price [2022] No. 303), which clarified that coal (Thermal coal, the same below) The reasonable range of medium and long-term transaction prices, among which the reasonable price range of Qinhuangdao Port off-water coal (5,500 kcal) is 570~770 yuan per ton, and Shanxi, Shaanxi, and Mengxi coal (5,500 kcal) are mined. The reasonable price ranges for the links are 370~570 yuan per ton, 320~520 yuan, and 260~460 yuan per ton respectively. The reasonable price range for the mining process of Mengdong coal (3500 kcal) is 200~300 yuan per ton. The “Notice” came into effect on May 1.

Recently, the National Development and Reform Commission has made special arrangements, requiring the relevant provincial development and reform commissions to attach great importance to it, guide and urge enterprises to strictly implement the requirements for signing and performance of medium and long-term coal contracts, and take practical measures to ensure that the medium and long-term coal transaction prices operate within a reasonable range. Development and reform departments at all levels will comprehensively monitor the price of coal in all aspects of coal production and distribution. When the price is found to be out of the reasonable range, it will immediately take reminders, interviews, investigations, notification, etc. to guide the coal price to return to the reasonable range; at the same time, it will cooperate with the market supervision department. , and promptly investigate and deal with illegal and illegal acts by market players such as fabrication and dissemination of price increase information, price gouging, and price collusion.

In the next step, the National Development and Reform Commission will closely monitor the coal market and price operation, strengthen the regulation and supervision of coal market prices, and comprehensively use market-oriented and legal methods to guide coal prices to operate within a reasonable range to ensure safe and stable energy supply.

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