Both thermal coal market pricing essay price game continues

Author: Source: China Fertilizer Published :2013 -02-17 Read 7 times

According to the statistics of the China Coal Industry Association, the national coal contract signed by the amount of 1.87 billion tons, but only 66 million tons of coal contract expressly entered into a purchase and sale agreement price, the price the signing of key contract coal prices than last year's increase of 20 yuan per ton. This is the first "report card" to surrender after a comprehensive market-oriented reforms of China's coal prices.

The end of 2012, the relevant departments of the state to seize the coal supply and demand situation is gradually slowing down, the basic stability of the timing of the price of coal, and the introduction of relevant guidance proposed to cancel a key contract since January 1 this year, the implementation of the price of coal merged. The National Development and Reform Commission also made clear that, to lift the temporary price intervention measures of coal, coal by the supply and demand sides of independent pricing negotiations since January 1. The unification of the coal prices deadlocked for years to break the ice.

However, there are differences from the coal negotiations canceled after the first round of "dual track" see, coal and electricity both sides in terms of price, capacity configuration, transaction transparency remains, the game continues around the coal price.

Transportation of coal production in January is a year of convergence negotiated contract month, the merger of the background in the price of coal, the transportation of coal production convergence progress of social concern. In mid-January, the China Coal Transportation and Marketing Association lead organization coal and power enterprises held coal production and demand converge the contract summary. Information from the meeting reflected the "dual track" after the abolition, coal price, capacity configuration, transaction transparency, there are still differences, mutual top cattle Game phenomenon has not been effectively averted.

This reporter has learned that the China Coal Industry Association has completed the signing of the coal production and demand converge contract summary. The data show that the national coal contract signed this year, an increase of 55.8% compared to last year's 1.2 billion tons, setting a new high since held the contract summary will. China Coal Transportation and Marketing Association Zhanjun told reporters, strictly speaking, because this year coal contract summary statistics caliber adjustments aggregated amount of 18.7 million tons of the lack of comparability with previous years, "but this year supply contract signed overall comparison smooth. "

The reporter also learned that, in the purchase and sales contracts this year, only 66 million tons of coal contracts signed clear in the contract price of the purchase and sale agreement, signed by the key contract coal prices than last year's increase of 20 yuan / ton, the price.

The coal industry marketing expert Chao-lin told reporters, in the implementation of the "dual track", both buying and selling was difficult in the coal market is expected to reach a consensus, there are distinct differences of price movements. Price unification of the decision of the coal price to the market, and greatly increase the uncertainties of price fluctuations. In this case, "the two sides signed a purchase and sale quantity, prices reflect market" approach, coal and electricity both easier to accept.

However, some experts have expressed concern for coal production and demand converge contract success fulfill. From the situation in previous years, once the market price of coal rose sharply, coal enterprises often use various means lowering the key rate of coal supply contract, the Electricity Enterprise coal nervous. Continued to decline last year due to the market price of coal appear inverted, parts of the key contract coal price and the market price of coal, some power companies to give up the key coal contracts signed at the beginning of the year, a large number of procurement market coal. After the decision be left to the market in the price of coal, coal prices seemingly determined by the supply and demand situation, but on the whole the coal enterprise bargaining initiative more obvious. At this point, only to ensure that the price formation mechanism publicly transparent market price, in order to make the contract successful performance.

Unification of coal prices, the National Development and Reform Commission no longer issue annual inter-provincial coal rail capacity configuration intention framework. China's railway transportation capacity is limited, it may affect the efficiency of resource allocation will become another "stumbling block" of the coal market reform.

Experts suggest that the relevant departments should accelerate the improvement of coal transport capacity market, based on both the supply and demand of coal contracts signed and transport capacity, the rational allocation of capacity and has remained relatively stable, large and medium-sized coal companies signed long-term coal contract due priority to the protection of transport.

The coal enterprises in coal price trend is not yet clear

Coal enterprises in Shanxi coal contract prices become a sensitive topic, many coal companies to adopt a wait-and-see attitude on the final pricing, at the same time, coal is becoming their new choice.

Before the reporter visited a number of coal enterprises understand that, in the 2013 annual coal price negotiations, many coal companies and power companies fail to reach an agreement on price. Many the coal power long-term agreement signed the the quantitative pricing banla contract ".

The one-time coal contract price sensitive topic, Shanxi's coal enterprises, many coal enterprises to adopt a wait-and-see attitude on the final pricing. This case have a great relationship with the state of the coal market downturn since 2012. And after a few years ago, the integration of coal resources of many small coal mines in Shanxi merger and reorganization, re-construction, the next time will release more capacity.

"We found that each company seems to have this kind of psychological preparation, is the long-term coal agreements will be annual contracts, short-term pricing, some even monthly, quarterly pricing, in fact, this is also in line with the laws of the market." China (Taiyuan) coal trading , deputy director of Yanshi Chun said.

Noteworthy, December 27, 2012, five Coal Group in Shanxi, Datong Coal Group, Shanxi Coking Coal Group, Yangquan, Shanxi Coal Group, Lu'an Group Zhangze power Zhangshan Power, Taiyuan Second Power Plant, The Linfen power plants and other power enterprises in the province successfully signed a coal joint venture agreement. Coal is becoming the new choice of the coal market-oriented reforms in the coal enterprises and power enterprises.

It is understood that most of the main unit of Shanxi Province, more than 200,000 kilowatts has been implemented for coal, and profitability. Equity as a link strategy associates coal power two sides meet directly, on the one hand, the the province coal long association signed soon, on the other hand, the reduction of intermediate links. According to the plan, Shanxi Province, in 2015, the thermal power enterprises in Shanxi Province will be to achieve the coal the long-term collaboration contract management, thermal power companies and coal companies will be completed as a link to equity strategic alliances.

Power enterprises said that the short-term electricity prices under pressure optimistic about the long-term

Now launch price of coal market of some power business may be some impact, but overall, the level of coal prices is a good time to reform.

Electricity company executives told reporters after the launch of the coal market-oriented reforms, the impact of the electricity companies? Anonymity, the previous high coal prices, coal included in the scope of delivery than the market price of a certain spread, but the number unable to meet demand. For less than part of electricity enterprises still want to buy the market for coal.

"This is the business of electricity also disadvantages, some enterprises can get large orders can digest the pressure of rising coal prices. Difference but coal prices in the market for coal and plans a large case, how to allocate in order to ensure fair?" He said. .

It is understood, coal accounted for more than half of China's total coal consumption. Included in the scope of delivery of coal, for the protection of the coal supply for a long time, China's implementation of government guidance and focus on contract management. But in actual operation, resulting in a certain degree of unfair competition, some disputes when the contract is signed, the implementation of low cash rate.

In his view, the coal market is the trend. Now launch might be some impact on some power business Overall coal prices lower planned coal and market coal prices are pretty close, even upside down, there is a certain degree of policy introduced better time.

Guidance on deepening the reform of the thermal coal market to continue to implement and continuously improve the coal and electricity price linkage mechanism, fluctuations in coal prices by more than 5%, on an annual cycle, the corresponding tariff adjustment, while the power The proportion of enterprise consumptive fluctuations in coal prices adjusted from 30% to 10%.

The State Electricity Regulatory Commission, the official said, it is critical, otherwise with the economic situation improves, the substantial increase in the amount of future coal price rebound, while the tariff is difficult to make adjustments, "In this case, the power company will be difficult to bear the coal upward pressure on prices, and even industry-wide policy-related losses that may arise. "

The railway authorities said that conducive to advancing the reform of the rail freight

China's railway operating mechanism is not able to adapt to market requirements, thermal coal market reform will help to further promote the reform of the rail freight organizations, to promote rail transport enterprises to accelerate the move toward the market.

Ministry of Railways official said, a long time, the railway sector has always been to transport electricity on priority transport position, focused mainly capacity, priority be guaranteed never occurred for reasons of rail transport caused by the shortage of coal power plant downtime. According to statistics, in 2012, the country's 363 major power plant coal storage days consumption has remained at more than 26 days.

The end of 2012, the State Council to make policy decisions and plans to deepen the reform of the coal market. Ministry of Railways to get information, active with the national authorities, industry associations and major coal companies to communicate quickly formulate railway coal transportation management approach "to refine the implementation of transport security measures to provide full capacity support.

Ministry of Railways official said, China's railway operating mechanism is not able to adapt to market requirements, the Railway to market, achieve sustainable development also faces many topics need to crack. The deepening of the coal market-oriented reforms, is conducive to further promote the reform of the rail freight organizations, to promote rail transport enterprises to accelerate the move toward the market.

In railway work conference this year, Minister of Railways Sheng Guangzu railway sector this year will be the full implementation of the reform of the freight organizations. Accepting online real goods system of transport services and the whole logistics focus, promoting the reform of freight organizations, to ensure that the development of the freight market to achieve major breakthroughs.

The relevant person in charge of the Ministry of Railways, Ministry of Railways will strengthen communication with the coal companies, good rail capacity convergence in a timely manner, strengthening the day-to-day scheduling organization, tilt capacity to ensure the transport of coal and other key materials demand. Meanwhile, the strict implementation of national charging policies to strengthen the inspection and supervision of coal transportation charges, and resolutely put an end to all acts of unreasonable fees, and strive to make this year's coal capacity configuration the total is higher than the previous year's level. (Economic Times)