2016, China entered the production capacity of the beginning of the year. As the primary task of the supply side reform, to take the lead in the production of steel in the war, the two major coal industry.
In February 5, 2016, the State Council issued the "State Council on the steel industry to resolve overcapacity turnaround development" after only 1 days, issued the "State Council on the coal industry to resolve overcapacity turnaround development", highlighted the urgency and importance of coal and steel to the capacity of the industry, mergers and acquisitions, optimizing the allocation of resources. The task. "Opinions" requirements, starting in 2016, with 3 to 5 years, exit coal production capacity of about 5 tons, reducing the restructuring of about 5 tons.
China's coking coal production in 2016 decreased month by month
December 17, 2016, Xu Shaoshi, director of the national development and Reform Commission in the national development and reform work conference that the annual target of 2.5 tons of coal has been over fulfilled. Coal production in the year 2016 was effectively controlled, the number of coal production safety accidents greatly reduced.
It is understood that in 2016 China's coking coal production in the year cumulative monthly decrease, entering the second half month after a 11% decline, although the state to ensure the heating in winter and the gradual liberalization of the 276 day limit, but the coal production restriction policy has not changed, the shortage situation deteriorating. Coke production is subject to environmental protection and the limited supply of coking coal has been in a state of shortage.
Data show that in 2016 China's coke production of about 4.46 tons, essentially flat compared with last year, the situation is becoming increasingly obvious coke shortage. However, since entering in December, the supply of coking coal shortage has narrowed slightly, while the impact of coking coal supply by the high profit margins have increased, superimposed steel production at the end of the seasonal decline.
Three to go down a supplement is still the focus of work
SASAC director Xiao Yaqing suggested that in 2017 the central enterprises to resolve the excess capacity of 24 million 730 thousand tons of coal. All over the country in conjunction with the ability to resolve excess coal production, by way of mergers and acquisitions and reduction of replacement in a positive response to the call.
The coal rich province of Shanxi province governor Lou Yangsheng in the government work report, "three to one drop fill" is the primary focus of work in 2017, capacity to continue to overweight, will continue to implement reduction replacement, reduction and restructuring, improve yield, increase efficiency, coal production capacity of 20 million tons or so close to exit.
There is a "city of coal" of the Guizhou province plans in 2017 to close 120 mines, 15 million tons of excess capacity to resolve.
Hubei is the first proposed to shut down all coal production enterprises within two years, which means that it will withdraw from the subsequent production capacity of about 12 million tons.
The coal producing area in Inner Mongolia in 2016 has gradually eliminated a large number of small scale, low technological level, serious waste of resources, security of small coal mines, set in 2017 to the production target of 1 million 200 thousand tons, 10 years will also realize the coal mine to reduce the number of 790, an increase of 640 million tons over the same period of production.
Henan, Hebei, Jilin, Yunnan set the 2017 coal production capacity was 20 million tons, respectively, 7 million 420 thousand tons, 3 million 140 thousand tons, 1 million 540 thousand tons.
Increase zombie enterprises disposal efforts
However, the capacity is not just a simple removal, but a battle, protracted war".
Since the beginning of 2016, the central bank has been asked to stop blood transfusion zombie enterprises, but the actual effect is not good, because the zombie business itself is a very difficult to accurately define the concept. "Opinions" require the relevant department to publish "zombie companies" list in a timely manner, which means that the government has identified zombie companies and backward production capacity of power, the bank can and must be in accordance with the provisions of views to stop lending to companies.
The new year for zombie enterprise disposal problem, Xiao Yaqing said, we should vigorously promote the zombie enterprise disposal and loss of corporate governance, efforts to stop bleeding point". In 2017 the completion of the steel, coal, nonferrous metals, shipbuilding, petrochemical, building materials and electric power industries 300 "zombie" companies to dispose of the task.
On the way to the production capacity, Opinions also encourage enterprises to carry out mergers and acquisitions of coal and steel industry mergers and acquisitions, mergers and acquisitions in the price of the proportion of M & A loans increased to 70%. According to China economic net reporter, this year, the coal industry a total of 4 state-owned enterprises involved in mergers and acquisitions of listed companies, namely: Xishan coal, Jizhong energy, cloud coal energy, coal shares.