掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


China considers imposing price controls on surging coal market

  • Thursday, June 10, 2021
  • Source:ferro-alloys.com

  • Keywords:China,coal,energy
[Fellow]China is considering imposing a cap on the price of thermal coal as it struggles to contain stubbornly high energy costs ahead of peak demand over the summer.

[Ferro-Alloys.com]China is considering imposing a cap on the price of thermal coal as it struggles to contain stubbornly high energy costs ahead of peak demand over the summer.

One idea under discussion is to cap the price at which miners sell coal, according to people familiar with the plan, who declined to be named because the matter isn’t public. Yulin, a major production base in northwestern Shaanxi province, is already testing a price cap, one of the people said.
 
Another idea is to enforce a limit of 900 ($141) or 930 yuan a ton on the benchmark price at the port of Qinhuangdao, which would influence other markets nationwide, the people said. Under this scenario, power plants would be advised by the authorities that they can’t buy coal above that level. The second plan is currently being tested at the port by some state-owned generators, one of the people said.
 
No final decision has been made on whether to adopt price controls and the plans are subject to change, the people said. A fax to the National Development and Reform Commission, China’s top planning agency, didn’t get a response.
 
The Qinhuangdao price hit a record 962 yuan on May 19. It has since moderated to 865 yuan a ton -- still well above the historical average of 547 yuan -- after China ratcheted up its campaign to tame soaring commodities prices before rising costs fuel inflation and harm its economy.
 
The coal market has soared this year on a combination of factors, including a strong economic recovery from the pandemic, curbs on domestic production after a spate of fatal accidents, and import controls.
 
China has unsuccessfully tried price controls on coal before, according to local media. In December, the NDRC asked power companies to cap their buying price at 640 yuan a ton after the cost of the fuel surged, Futures Daily reported.
 
The risk now is that consumption continues to outstrip supply, just as cooling demand peaks over the summer and regulators threaten to shutter more mines to prevent accidents as the nation prepares to celebrate the 100th anniversary of the founding of the Communist Party next month.
 
In recent years, China has tried to keep prices in a so-called green zone of 500 to 570 yuan a ton, with intervention of some kind all but assured if prices breach 600 yuan. But the market has run so far ahead of these levels that a firmer, albeit higher, cap may now be deemed necessary.
 
China produces and consumes mostly its own coal and the supply chain is dominated by state-owned firms. But the precedent of imposing price controls could still rattle other commodities markets that rely on imports and the private sector, given Beijing’s broader scrutiny of this year’s record-setting rallies in goods from copper to iron ore and corn.
 
Also fresh in regulators’ minds is the power crisis of last winter, when unusually strong industrial production and freezing weather created shortages of coal and gas, throwing energy markets into chaos. 
 
source:Mining Weekly
  • [Editor:李慧]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 申扎县| 河间市| 济南市| 马尔康县| 金华市| 谷城县| 伊吾县| 安宁市| 苍梧县| 张掖市| 普宁市| 千阳县| 大足县| 遵义市| 宁波市| 丽江市| 玉林市| 营山县| 鹰潭市| 化州市| 丁青县| 鄱阳县| 泰安市| 读书| 上林县| 南漳县| 湛江市| 开平市| 浦江县| 基隆市| 咸丰县| 河曲县| 孟津县| 方城县| 长宁区| 饶阳县| 左权县| 五原县| 新巴尔虎左旗| 剑河县| 都匀市|