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在线翻译:
szdaily -> Business -> 
NDRC moves to improve coal pricing mechanism
    2021-11-30  08:53    Shenzhen Daily

THE country’s top economic planner yesterday signaled further regulations for coal prices "after recent abnormal rise in coal prices."

The National Development and Reform Commission (NDRC) said yesterday that it has summoned key coal miners for advices on improving coal pricing mechanism.

“After recent abnormal rise in coal prices, it is time to improve the coal pricing mechanism,” the NDRC said in a statement, adding that all market participants have reached a consensus on the reasonable range of coal prices.

But it did not disclose any details of the price level.

The NDRC has organized several meetings with coal miners and distributors, as well as power firms and legal experts since late October, aiming to set a coal prices target.

Some coal miners at top mining regions, Shanxi, Inner Mongolia and Shaanxi, have caped prices at 900 yuan (US$129) a ton for 5,500 kilocalorie.

Meanwhile, the government has instructed ramping up of output and power plants to build up inventory as winter heating season kicked in northern China.

Coal inventories at China’s power plants continue to expand rapidly and may hit an all-time high by the end of this month, firmly safeguarding the country’s power supply for the winter and spring, the NDRC said last week.

Coal storage at power generators across China reached 147 million tons last week, according to the NDRC.

Coal supplies for power use have been rising sharply since October, up more than 30 percent from the same period last year, according to the NDRC.

Since mid-November, the average daily coal supply in the country has been 8.6 million tons, with the highest amount hitting a historic high of 9.43 million tons per day despite increasing coal consumption, the NDRC said.

The daily coal supply exceeded consumption by nearly 2 million tons during the period, according to the NDRC.

(SD-Xinhua)

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