With the deepening of the structural reform of the supply side of the coal industry, the relationship between supply and demand of the coal market is developing from the basic balance to a higher level. A series of long term mechanism, such as "the long-term contract in coal medium contract" and the pricing mechanism of "basic price + floating price", have played an important role in maintaining the smooth operation of the industry. It is expected that China's coal supply structure will continue to be optimized in 2018, and the overall balance of market supply and demand will be slightly loose

In November 27th, the National Bureau of statistics published data on the economic benefits of Industrial Enterprises above scale. In the first 10 months of this year, the income of coal mining and washing up the owners' battalion business increased by 34.1% year on year, and achieved a 628.8% year-on-year increase in profit.
The rapid growth of the coal industry profit is closely related to the continuous advance of the structural reform of the supply side. Since the beginning of this year, with the continuous promotion of capacity production, coal production, supply and consumption have increased, market supply and demand have basically been balanced, and industrial efficiency has been improving gradually. Structural adjustment has made new progress. With the change of coal industry layout, consumption structure and supply and demand pattern in China, the problem of supply imbalance in some areas is beginning to appear, which poses new challenges for resource varieties and capacity allocation.
The quality of economic operation has been improved significantly
The coal industry is one of the key industries to go to production capacity. Since last year, the State Council issued the "on the coal industry to resolve the overcapacity turnaround development opinion" document, after unremittingly efforts, realize the coal overcapacity resolve, the basic balance of supply and demand in the market, and further optimize the industrial structure, improve the quality of economic operation, improve the efficiency of.
Data show that the first 10 months of this year, the national coal production of 28.53 tons, an increase of 4.8%; net coal imports 2.2 tons, an increase of 12.8%; reduce the whole society coal inventory 1 tons; preliminary estimates, the national coal consumption of 32.6 tons, an increase of 3.7%.
The "2018 annual national coal fair", the national development and Reform Commission deputy director Lian Weiliang said that this year the market to maintain the overall balance of supply and demand, but affected by many factors, especially illegal accumulated problems restrict the release of production capacity, the coal supply is tight, price fluctuations in local area. With the implementation of measures to promote the release of high quality production capacity and enhance the capacity of coal transportation, the output, transportation volume and stock volume of coal have increased significantly. From the overall perspective, the current coal supply and demand is generally balanced.
"With the coal industry supply side structural reform deepening quality, the gradual release of production capacity, eliminate backward production capacity out, accelerate the construction of coal transport channel, the relationship between the national coal market supply and demand is basically balanced to a higher level of dynamic security development, the quality of economic operation of coal was also significantly improved." Wang Xianzheng, President of the China Coal Industry Association, said.
In the first 9 months of this year, the output of the first 8 coal enterprises accounted for 38.92% of the total output of the country, the market concentration increased, and the stable supply of coal supply in China increased. The number of coal mines in China has decreased from around 12 thousand at the end of 2015 to 8000 at present. Large and modern coal mines have become the main body of coal production and supply in the whole country. In addition, new progress has been made in the integrated development of coal and upstream and downstream industries. Modern coal chemical industry has entered the stage of industrialization development. New industries, new formats and new models are developing continuously. Industrial transformation and upgrading are explored, practical and experienced.
Guide the price of coal in a reasonable interval
Guiding coal price in a reasonable range is an important symbol of improving the quality of the supply system. Last year, the coal mid and downstream businesses built on the basis of mutual benefit and independent consultation, established the "medium long term contract system" and "basic price plus floating price" pricing mechanism, which played an important role in ensuring stable supply of coal and maintaining stable operation of the industry.
The establishment of the medium and long term contract system of coal and the pricing mechanism of "base price plus floating price" are not only the embodiment of market value law, but also the guarantee of system and mechanism, and also the significant progress in the construction of modern economic system. Wang Xianzheng said.
Reporters learned that from the actual situation of operation this year, the large and medium-sized coal enterprises in the middle and long term contract volume is generally more than 80%, Qinhuangdao port 5500 kcal power coal long-term contract price stabilized at 560 yuan / ton to 570 yuan / ton reasonable interval.
Handling capacity and excellent structure
At present, the economic benefit of the coal industry has risen steadily. From the future trend, China's macro economy will continue to maintain a steady trend, and the demand for coal will remain basically stable. With the deepening of supply side structural reform, the effect of policy and measures is gradually showing. The proportion of high-quality coal production is increasing, and the quality of effective supply is rising. According to the China Coal Industry Association, China's coal supply structure will continue to be optimized in 2018, and the overall balance of market supply and demand will be slightly loose.
In addition, should accelerate the development of coal joint venture, promote the merger and reorganization of enterprises, efforts to develop large enterprise groups, improve industry concentration and competition ability; accelerate the construction of coal market system, to encourage coal e-commerce and modern logistics industry integration development, development and improvement of coal futures market, to encourage large enterprises to use the futures hedging function, eliminating the operation risk, strengthen management, to promote the innovation of business model.