There is still a game behind the signing of the contract for thermal coal, which has risen to 90%.

In the last two days of the 2011 coal contract, the contracted volume rose and then rose.

As of 10:00 on December 29, the national coal production and transportation needs in 2011 have been initially aggregated about 845 million tons, and the contract is about 90.66% of the total. As of 17:00 on the 29th, in 2011, the national coal production and transportation needs have been initially aggregated 1.016 billion tons, and the total number of super-rail transportation arrangements is 84.31 million tons. At present, the production and transportation needs of next year can basically be completed within the specified time (December 31), but the game between the coal and electricity will not be terminated.

Coal contract sales have skyrocketed to 90%
In 2011, the coal production and transportation needs to be connected to the last two days of the countdown stage. The total amount of coal contracted is one step per day, and the total amount of plans has been exceeded.

According to the 2011 National Inter-provincial Coal Railway Capacity Deployment Guidance Framework announced by the National Development and Reform Commission, the total coal allocation this year was 932 million tons, of which 769 million tons were coal.

"At present, the contract value of key coal contracts has reached 771 million tons, accounting for more than 90% of the configuration this year." Liang Dunshi, an authority of China Coal Transportation and Marketing Association, told reporters that next year's coal production and transportation needs to be connected in a limited time. Completed inside. Just two days ago, the key coal contract was completed, but the contracted amount was only 500 million tons.

Liang Dunshi pointed out that the current super-configuration of coal contracts is normal. "This year, the national coal production and sales volume is about 3.2 billion, of which the railway transportation volume is about 2 billion, and the total railway transportation allocation is only more than 900 million tons. Therefore, it is expected that the current contract sum will exceed the plan. Re-approved," said Liang Dunshi.

"Limit Order Order" is difficult to stop the game between the two sides
It should be pointed out that the end of the contract signing of the thermal coal does not mean the end of the coal-fired game, and the price limit notice issued by the National Development and Reform Commission has also prevented the two sides from constantly "bargaining."

In 2010, the price of key thermal coal contract was at 520 yuan/ton. According to the requirements of the National Development and Reform Commission, the 2011 coal coal contract price will remain at this price, which is about 200 yuan / ton compared to the market coal price. Coal enterprises are "not convinced by the oral price". In this regard, power companies have long said that the contract fulfillment rate next year is destined to be the focus of the game.

Industry insiders told reporters that in order to obtain railway capacity, both coal and electricity companies signed an annual supply contract, but "quantitative pricing", such a contract is difficult to implement. In addition, the "limit order" is more general, and some coal enterprises still have articles to do.

In fact, in June and July of this year, with the sharp increase in market prices, some coal enterprises in Inner Mongolia and Shanxi had raised the price of key contracts at the beginning of the year. The National Development and Reform Commission also investigated and demanded that coal enterprises return the overcharged price. .

It is worth noting that, from the current macroeconomic and industrial situation, no matter what the contract status of the coal contract in 2011, the overall situation is better for coal enterprises.

“The policy tone of stabilizing coal prices will restrict the coal price increase in the first half of 2011, but the coal price in the peak season still has a rising momentum, and the inflation pressure has not been completely eliminated. The actual impact of policy restrictions on the market price trend of the market coal may be slightly underestimated. Haitong Securities analysis report pointed out that in 2011, the basic orientation of coal will ensure the growth of listed companies' performance, and the continuation of coal industry integration will provide imagination for the growth of listed coal enterprises.
 

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