Recently, the national development and Reform Commission regulation again on the price of coal, to control the "coal super crazy", to maintain the stability of the coal market.

　　Although coal prices still fluctuate, but the three major coal enterprises have lowered the price of coal leading collective.

　　Analysts said, hope to control coal prices in the relevant departments under the background of large coal enterprises to cut prices is more a statement. But the market still depends on the price of coal supply and demand, due to the current in the peak season demand, oversupply, prices will not fall temporarily.

　　But it must be admitted that, "coal super crazy" is not rational, and does not have the basis for sustained rise.

　　The industry believes that now the policy is to find a balance between supply and demand, the release of advanced productivity, stabilize the high prices. Is expected in 2017 after the first quarter, the downward pressure on coal prices will gradually appear.

　　"Coal super crazy" by the regulation of three large coal enterprises collective position cut coal

　　Last week, the price of coal continued to rise, development and Reform Commission held November 3rd, regulate the price behavior of coal enterprises will remind warned.

　　The NDRC said, coal prices rose sharply recently, aroused widespread concern, held the goal is "to effectively maintain the normal order of market price, to prevent sharp fluctuations in coal prices."

　　At the same time, the development and Reform Commission also released an article on its official website said, with the sharp rise in coal stocks, some coal enterprises have begun to take the initiative to cut the price of spot power coal.

　　Information Analyst Aman Chang to the Securities Daily "the reporter said, the NDRC requires mainstream coal enterprises to bear the social responsibility, can not take the lead in price. Also asked the Shenhua coal and other coal water at least down 10 yuan / ton, Shaanxi coal and other inland coal price at least down 8 yuan / ton. And the future price expectations still exist policy requirements.

　　In fact, on the same day, the three major coal group has lowered the price of coal market.

　　China National Coal Group Corp decided that from November 3rd onwards, the power of the spot price of coal down 10 yuan / ton on the existing basis.

　　In addition, the Shenhua Group, McEntire group decided that from now on the price of the sale of the company on the basis of the original stock of coal, down 10 yuan / ton.

　　Reporters also learned that in November 5th, Huainan Mining Group decided that the coal sales price in the current market transaction price based on the floating rate of not less than 10 yuan / ton. This is the company to fulfill the social responsibility of state-owned enterprises, stable coal prices, which during the peak winter coal supply, positive action.

　　Dean of Research Institute of culture and Shenhua Shenhua Jiang Institute in November 5th read Dr. Li Weidong published an article in the Shenhua official WeChat said that despite the recent recovery of growth in coal prices, but the foundation is stable or continue to rise is not stable, once the capacity to policy can not be strictly enforced, the rapid increase in coal production will be pulled low coal prices plus, the coal enterprise reform and transformation requires a process, so must unswervingly continue to implement the capacity to supply side policies and structural reforms, the coal industry into a healthy development track.

　　They believe that relying solely on market mechanisms to regulate the effectiveness of little, the plight of excess capacity has not been fundamentally improved. Administrative means to promote the production capacity is a useful supplement to the market, but also to ease the contradiction between coal supply and demand of the objective needs.

　　"I hope to control coal prices in the relevant departments under the background of large coal enterprises to cut prices is more a political statement." Integrated futures analyst Deng Shun told the "Securities Daily" the reporter said, but in addition to the large coal enterprises and coal prices, the market will not fall temporarily. Other private enterprises and trade associations will not be entirely dependent on the price of the market, more than the price on the price, and less on the price.

　　"Obedient" coal converting short-term downward pressure on the first quarter of next year

　　Despite the large coal enterprise group lowered the price of coal, but due to the advanced production capacity has not fully released, coal is still in a way up.

　　The latest Bohai thermal coal price index shows that the average price of thermal coal 5500 kcal close at 607 yuan / ton, compared with the previous period rose 14 yuan / ton, continue to refresh year record, and the eighteen consecutive rise, the 24 port specification product to keep all rose.

　　Need to mention is that in terms of coal production capacity, the development and Reform Commission also asked to accelerate the pace of coal production release, the early release of 70 million tons, the latter released more flexible efforts.

　　The NDRC said that to increase the release of advanced capacity still can not meet the needs of supply and demand, there is still a gap and the market is difficult to effectively meet the province, according to the actual situation in the region of coal supply and demand, the development of relevant programs, appropriate to expand the scope of coal mine increases the release of production capacity, Ming Shi is starting and ending time, security and stability in the region of coal supply.

　　"Affected by the policy, the late coal prices continue skyrocketing momentum will be curbed, but from the perspective of supply and demand, coal prices still have the foundation." Aman Chang said.

　　CICC pointed out that the current high prices will promote the resumption of production potential, so that the excessive rise in coal prices fell gradually. Is expected in 2017 after the first quarter, the downward pressure on coal prices will gradually appear. But the next year to further measures to limit production capacity and will also be part of the risk mitigation coal prices fall over. The comprehensive marginal yield increase game next year, the coal price trend will show a high to low, and then stabilized at a reasonable interval.

　　In the long run, China's coal production capacity is far greater than demand, but the short supply of coal has not reached the demand, at present in such a stage. If all capacity is released, coal