In March 16th, the national development and reform commission chaired to productivity, deleveraging and cost reduction work inter ministerial Joint Committee plenary meeting, the national development and Reform Commission, the director of the inter ministerial joint conference convener He Lifeng attended the meeting and made a speech.
The meeting pointed out that the recent signs of rising coal prices, is mainly affected by the superposition of electricity this year, rapid growth in demand for thermal power generation increased, coal mine production after underemployment, local phase strengthening coal mine production safety inspection to stop coal mine consolidation more factors; the recent steel prices rose mainly due to iron and steel production capacity to achieve positive results, the iron ore prices lead to increased production costs, steel market is expected to be improved and so on, these are short-term phenomenon of phase. Overall, the current and the next phase of coal, steel supply is sufficient protection, the contradiction between supply and demand has not fundamentally changed, coal prices, steel prices do not have a sharp rise in conditions.
The meeting pointed out that it is necessary to pay close attention to changes in market supply and demand, strengthen monitoring and early warning, co-ordination to do a good job to protect the production and supply, to avoid price fluctuations. For coal, the coal price is still in a reasonable range and above range, not the introduction of reduction production measures; heating gradually end will substantially reduce the heating demand for coal, hydropower, South runoff increases, additional clean energy full hair will reduce coal consumption, coal mine increase resumed resume production will increase the supply of coal. In these factors, the supply and demand will tend to loose, is expected to show a steady downward trend in coal prices.
The twenty-first Century economic report was informed that in March 16th, three rebar Hebei Tangshan area price of 3860 yuan per ton, compared with the beginning of February 3300 yuan per ton rose nearly 20%. If at the beginning of January compared to 3000 yuan per ton level, March price has soared nearly 30%.
Some market participants told reporters that the steel demand is actually uncertain. But because traders bullish prices, hoarding high enthusiasm, which makes the possibility of rising steel prices, but the market is in the case of excess. For example, the iron ore port stocks, as well as the stock of traders, have created a new high in recent months or even years.
National Federation of Metallurgical Industry Chamber of commerce group leader Liu Yongchang believes that the current steel production capacity utilization rate of 70% is actually close to the normal level, to go through environmental protection and market means. If you rely solely on administrative means, a lot of profitable enterprises will be demolished, but some zombie companies because of price increases but was resurrected.
It is understood that the meeting stressed that this year is to deepen the structural reform of the supply side, to productivity, deleveraging, reducing work difficulty cost will be significantly increased, the Party Central Committee and the State Council have clear goals and tasks, must insist on maintaining stability of the general work guideline, the development of creative work, to grasp the implementation of hundred-percent. Solid to capacity, resolutely rectification of illegal production, the realization of "land of steel production capacity according to the law altogether, with more stringent standards to resolutely eliminate backward production capacity; year Yajian crude steel production capacity of 50 million tons, from the coal production capacity of 1.5 tons, eliminate, unfinished coal capacity more than 50 million kilowatts, at the same time with the market legalization to do other industries with excess capacity to work capacity.