In 2014 the coal market is still in the doldrums, continue to supply exceeds demand, high inventory, prices fall, profits fall situation. Although the national development and Reform Commission and other departments of the rescue package, the coal market has improved, but the factors of excess coal production capacity, market demand slowdown, import, expand the scale of new energy extrusion industry of life and death decisions still exist. Shenhua Group of member of leading Party group, deputy general manager of China Shenhua Energy Co President Han Jianguo visit said China Economic Net "hotspots face" column, which has three reasons of domestic coal prices and excess production capacity, respectively is the impact of social capital, a large number of involved in coal mining technology to improve and imported coal.
Han Jianguo thinks, in the rapid development period of coal industry, a large number of social capital into this high profit industries, competition from only two professional coal enterprise development to 16 central enterprises industry. Even many real estate enterprises and iron and steel enterprises are in the "to walk", into the coal industry investment increasing by 30% per year. And the direct consequence of progress in coal mining technology is the emergence of a large number of high yield and high efficiency coal mine, "the past five million tons of coal mine is very rare, now ten million tons of mine, a very short period of time can build. The progress of technology to build wells and the production time is shortened, so the coal industry production capacity increases very fast." Yue Fubin added.
A few years ago, the world's major coal exporting country to expand production capacity fall over each other, referring to import coal to coal enterprises domestic impact, Han Jianguo cites several digital: "in 2009, we the import and export of coal is exactly balanced, then to 2013, China imported 300000000 2000 7 million tons coal, this 3 years jumped 160%." Three reasons lead to the increase of coal output far exceeded the growth in demand, there is only a matter of time excess capacity. (Qi Lu)
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