An interview with China Coal Energy chief Zhou Dongzhou: The production of sudden increase is due to the new coal production contract electricity prices have not yet been agreed

--an interview with China Coal Energy chief Zhou Dongzhou-our correspondent Jia Xiaoyan recently, China Coal Energy released 2009 years 1―5 month main production and operation data. The announcement shows that the company 1-May Raw coal production of 42.03 million tons, an increase of 620,000 tons, an increase of 1.5%.　　In May, the production of raw coal increased significantly, the monthly output of 10.48 million tons, an increase of 1.88 million tons, the growth of 21.9%, the chain April increase 2.41 million tons, increase 30%.　　On the production and operation of coal energy, the reporter interviewed the Zhou Dongzhou of the coal energy. Increased production but no inventory backlog the securities daily: the company's 1-May coal production totaled 42.03 million tonnes, up 1.5% from a year earlier, according to the bulletin. The 3.8% per cent decline in the first 4 months showed that output had stopped falling and resumed growth.　　What is the reason for the increase in production? Zhou Dongzhou: The reason is that we have a new mine put into production. is the Antaibao mining area of 6 million tons of production capacity production.　　In fact, the beginning of this year to put into production, but has been in the commissioning, to do preparatory work, now running normal, so the production went up. Securities Daily: The announcement also showed that the company's May coal trade volume still fell 14% to 32.32 million tons, sales are weak.　　What is the reason for the weakness of sales?　　Zhou Dongzhou: Sales are still relatively normal. In fact, relative to the 16.3% decline in the first four months, has improved. But sales of the entire coal market have been very low this year.　　Domestic sales can also be, mainly international sales are not very good. "Securities Daily": production growth, and weak sales, will it result in inventory backlog?　　Will sales in the second half be better?　　Zhou Dongzhou: Inventory is relatively normal, will not create a backlog.　　The second half of the sales situation is not convenient to predict, this more sensitive. Contract coal prices with the five major power groups have not yet settled the securities daily: The news that the recent signing of the contract coal price increases are around 4%.　　What is the price of contract coal for coal energy?　　Zhou Dongzhou: What you say about the 4% per cent increase is that the coal prices in Shandong province are 4% higher than those of the five power groups in Shandong province, and are regional. China Coal Energy has not been discussed with the five power groups and is in the process of being consulted.　　The price is more sensitive, inconvenient to say.　　Securities Daily: So, what is the price of China Coal energy claim for negotiating the price of contract coal with the five major power groups?　　Zhou Dongzhou: 50% of the Power coal in coal energy is electric coal, and 40% of the electricity coal is a contract signed with the five major power groups. On the price, must be the demand for the rise, with the five power group talk about the purpose is to increase prices.　　Because it has not been discussed, so the increase is not convenient to comment, more sensitive.　　Moreover, the price is not one of us can decide, the two sides must agree to do. Securities Daily: Some analysts said that due to the recent trend of international coal prices, the guideThe import cost of coal increases and further affects domestic sales and domestic coal prices.　　How to see the impact of international sales on domestic coal prices? Zhou Dongzhou: International sales have a very small impact on domestic coal prices and have little impact because of relatively little import volume. Domestic prices are mainly determined by domestic supply and demand.