Shaanxi orders miners to keep 2011 power coal price unchanged
Dec 22, 2010 | en.sxcoal.com

Northwestern China’s Shaanxi province has ordered coal miners to keep the contract price of power coal in 2011 at the same level as in 2010, according to a notice issued by provincial Bureau of Commodity Prices recently, in a bid to secure the supply of power coal and normal operation of power plants, Xi’An Evenings reported.

The provincial bureau calls for all the key state-owned and local coal mines not to raise the contract price of coal supplied to power plants in the province. Coal producers are asked to improve the fulfillment of contracts, and power generators to increase operation efficiency, it noted.

As the current coal market is in a state of short supply, coal miners and power generators aren’t allowed to suspend coal supply and power generation, even if they didn’t reach consensus on price, according to the notice.

And, those raising prices, lowering coal quality or selling contract coal as spot coal would be punished severely, the bureau said.
 

  E-mail   Save   Print
Prev : C.China coal shortages spur demand
Next : Fertilizer giant to invest $5b in Xinjiang coal chemical project
Relevant News:
Hebei to cut 75.63 Mtpa coal capacity by 2020 May 5, 2016
China Mar key steel mills met coal purchase costs fall May 5, 2016
Regional de-capacity standards rolled out to tackle capacity glut May 5, 2016
Shaanxi Apr coal output drops 17.7pct on yr May 4, 2016
Shanxi Coal International Energy Q1 coal output up 7pct May 4, 2016
RECOMMEND THIS STORY
Recommend It: Average (75 votes)

Phone:0086-351-7219322 Fax:0086-351-4728543 
Copyright © 2009-2012 Shanxi Fenwei Energy Consulting Co.,Ltd.All rights reserved.