三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Industries

China's coal conundrum: Short-term crunch, long-term excess

Xinhua | Updated: 2016-11-05 16:08

China's coal conundrum: Short-term crunch, long-term excess

Workers at a coalmine in Huaibei, Anhui province. [Photo/China Daily]

BEIJING - Barely a few months ago, Chinese policymakers were crititizing certain local authorities for not doing enough to curb excess capacity in the coal industry, but an unexpected price rally is now forcing them to shift focus on ensuring supply.

During the past two months, several top-level meetings have been called by the country's top economic planner, the National Development and Reform Commission (NDRC), to seek more supply to stabilize the market.

Authorities have pledged to ensure market supply without weakening capacity-cutting efforts, deciding to relax the limit on production days for efficient coal producers.

But so far, such efforts seem to little avail as the price rally continues.

The Bohai-Rim Steam-Coal Price Index, a gauge of coal prices in northern China's major ports, rose to 607 yuan ($89.9) per ton last week, the 18th consecutive rise and about 63.6 percent up on the start of the year.

The government's lengthy capacity-cutting campaign is believed to have played a major role in the price surge.

China is the world's largest consumer of coal. The industry has long been plagued by overcapacity and has felt the pinch over the past two years as the economy cooled and demand fell; addressing the issue has been on top of the government's agenda in the past few years.

The campaign has been effective. During the first three quarters of the year, China's coal output fell 10.5 percent year on year to 2.46 billion tons.

Official data also shows that by the end of September, over 80 percent of the 250 million tons of capacity up for the chop this year had already been eliminated.

The reduction comes amid China's booming property market, which increased demand for steel and hence for coal. That, along with widespread market speculation, have combined to push up prices.

Li Wenjing, industry analyst with commodities service provider www.100ppi.com, predicted coal prices will continue to increase in November and December as it takes time for coal producers to respond to government calls to increase supply.

In addition, rising demand for heating in the coming months will continue the price increases.

Li Hongsong, chief manager of the Inner Mongolia Coal Exchange Center, expects the price to see a correction around December, depending on government efforts to stabilize the market.

The NDRC is reportedly trying to push for medium-to-long-term supply and price contracts between producers and buyers to avoid drastic price fluctuations.

In the longer run, coal prices will be under notable pressure as demand for fossil fuels is set to retreat due to the development of clean energy and the green economy.

By 2020, China's coal consumption will reach 4.1 billion tons at most, while its coal production capacity will hit 4.6 billion tons even if capacity reduction goals are achieved, according to NDRC deputy secretary-general Xu Kunlin.

China has specified that it aims to increase its share of non-fossil energy to 15 percent by 2020 and 20 percent by 2030. Coal consumption will be limited to 62 percent of energy use by 2020.

That means the country still faces a tough task to slim down the sector and capacity-cutting should not be weakened, Xu said.

China plans to cut coal capacity by half a billion tons in the next few years, and vast funds have been set aside to help displaced workers.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 高h喷水荡肉爽文np肉色文 | 成人免费大片黄在线观看com | 国产综合精品久久亚洲 | 91亚洲精品成人一区 | 自拍 欧美 在线 综合 另类 | 色婷婷六月丁香七月婷婷 | 很黄很黄的毛片欧美 | 国内免费在线视频 | 99re久久资源最新地址 | 中文字幕电影在线 | 800av在线视频 | 黄色免费在线观看视频 | 男女做a一级视频免费观看 男女喷水视频 | 成人久久伊人精品伊人 | 毛片免费观看 | 色婷婷香蕉 | 亚洲精品一区二区乱码在线观看 | 国产91在线 | 日韩 | 在线播放亚洲精品富二代91 | 亚欧毛片 | 久久草在线免费 | 欧美在线视频一区二区三区 | 亚洲欧美日韩精品久久亚洲区色播 | 国产成人mv免费视频 | 中文字幕在线网址 | 日本久久久久久久中文字幕 | 国产三级a三级三级野外 | 亚洲第一网站免费视频 | 秘书上班和老板啪啪中文字幕 | 91国在线 | 91进入蜜桃臀在线播放 | 一区二区三区免费在线观看 | 毛茸茸年轻成熟亚洲人 | 亚洲三级黄色片 | 欧美久久超级碰碰碰二区三区 | 青青久操| 国内久久久久影院精品 | 毛片专区 | 高清不卡| 色婷婷六月丁香在线观看 | 亚洲小视频在线观看 |