China Coal Industry Association, President Wang Xianzheng recently said that in recent years, China has constantly improve the formation mechanism of coal market prices, the formation of the national coal price index system.
Wang Xianzheng in Inner Mongolia at the 2016 annual national coal fair said that the mechanism of coal price in China after the government mandatory, mandatory and guidance coexist (dual system) and the complete market at present, the initial formation of the national coal price index as the main body, the Bohai sea, Taiyuan, Xi'an, Erdos, east city (northeast coal index sub regional price index) as a supplement, convergence index and area index of the national coal price index system.
Wang Xianzheng said that in the past 10 years, China's coal market supply gradually from the structural shortage to structural surplus. Since the second half of 2012, due to the decline in market demand, leading to the construction of production capacity, the increase in imports of coal and other reasons, China's coal market has been a full surplus trend.
According to Wang Xianzheng, China's coal trading by the planned production and transportation to the transition to the government guidance and market operation, the ultimate development of the current coal production and transportation enterprises need to order, independent convergence, negotiated pricing of market operations, trading patterns to the digital, network development, and promote the coal market transactions.
At present, China's coal market trading system to achieve rapid development from weak to strong, from small to large, the initial formation of a plurality of Taiyuan, Dalian, Xi'an, Ordos regional coal trading center, to further promote the healthy development of the coal industry.