The state warns coal companies to pay more or limited price for negotiation

Liang Zhongrong "We have just discussed with Baosteel and Shougang on the supply of key contract coal in 2011, mainly on the varieties and quantities, the price has not been finalized, or at the end of December can be finalized."　　"In the first China coal production and marketing situation and Low-carbon Economic Forum held in Xiamen on November 16, Yanzhou Coal Sales and marketing department deputy director Zhang Xianfa told reporters, 2011 key contract coal negotiations have begun, but the number of coal prices need to see Shenhua Group, coal group, with coal group and other industries leading coal enterprises bidding situation.　　According to the reporter understand, Shanxi Province in 2011 coal production and transport needs to join the work has started, Shanxi Province Coal Department of Coal, the authorities and the distribution enterprises in November 25 before the sale of coal purchase contract signed. The November 25 deadline is similar to the 2009 deadline.　　At the end of the coal-electricity negotiations in Shanxi, December 15 The National Development and Reform Commission quickly issued "on the improvement of coal production and transport needs of the guidance of the work of the" (hereinafter referred to as the "guidance"), by the national coal electricity negotiations, the big Curtain opened, coal, electricity and railway departments in 30 days after the completion of the production and transport needs to　　Coal expert Huangteng speculated that this year's National Development and Reform Commission's "guidance" or at the same time, or even earlier in the early December, "but the demand for the rally, and the current general loss of electricity companies, this year's negotiations will be more difficult than last year."　　In fact, during last year's talks, the central and local power giants, including Huaneng, wanted to cut 50 yuan a tonne on the basis of contract coal prices in 2010, but eventually most of the electricity companies accepted the price of coal contracts that rose more than 4% per cent. "Prices need to refer to Shenhua Group, China Coal Group's bid, while taking into account the market demand."　　Zhang Xianfa said that Yanzhou coal industry this year's key coal contract has basically finished, the key coal contract occupies Yanzhou coal industry 2010 years sales of more than 60%, 2011 estimated that the change is not too big. Zhang Xianfa For example, in the 2010 key coal contract, Yanzhou Coal supply Baosteel's power coal price of less than 500 yuan/ton, first-grade metallurgical coking coal for more than 900 yuan/ton.　　In contrast, Qinhuangdao 5500 kcal of Datong excellent mixed coal has reached 785 yuan/ton, a metallurgical coking coal has reached 1800 yuan/ton above, "key contract coal and market price difference is really too big".　　But Zhang also admitted that with Baosteel, Shougang, the five power group and other key enterprises have many years of cooperative relations, "this year's price will not rise too much."　　At present, Shanxi coal enterprises have thrown 40 yuan/ton of price requirements, compared to last year's contract coal has a 9% increase, but still slightly lower than the expectations of the securities institutions.　　China Bank International believes that to maintain the strong expectations of coal prices, the current and the next two years, the domestic coal benchmark price forecast increase of 9% and 14% respectively, CIC Securities said the increase in power coal will reach 11%. For the next year's contract prices, coal companies have confidence in the continued rise. However, the news that the National Development and Reform Commission price division at a recent meeting onCoal enterprises carried out "verbal warning" to remind coal enterprises to pay attention to the scale of contract coal price negotiations. Chen Liang, chief coal analyst at GF Securities, also believes that the authorities may not intervene directly in the market for coal prices, but may limit the increase in contract prices.