The NDRC Sent Group to Control Coal Price
On October 20, the national development and Reform Commission announced that the evaluation and supervision department of NDRC assigned team to Qinhuangdao port and Caofeidian port in Hebei to supervise the work of coal supply and price stability, meanwhile, the Finance Department of the NDRC also sent team to Henan coal storage and distribution Trading Center in Hebi for investigation. The steering group stressed that illegal acts such as malicious hoarding and biding up prices should be resolutely investigated and dealt with, and all efforts should be made to maintain the order of the coal market.
In Qinhuangdao, Hebei Province, the steering group organized on-site discussions with Jinneng Holding Group, China Coal Group, National Energy Group, and other relevant enterprises in Qinhuangdao port to understand the current supply and demand situation. They insist on controlling hoarding and speculation according to law to ensure a safe and stable supply of energy and electricity this winter and next spring. The steering group and its delegation supervised the performance of medium and long-term contracts of relevant enterprises and port coal transportation.
In Tangshan, Hebei Province, the steering group also organized on-site discussions with Huaneng Group, Huadian Group, Datang Group, SDIC, and other relevant enterprises in Caofeidian port to understand the current situation, and stressed that illegal acts such as malicious hoarding and bid up prices should be resolutely investigated and dealt with, and all efforts should be made to maintain the order of the coal market.
On the same day, the main responsible comrades of the Finance Department of the NDRC also led a team to Henan coal storage and distribution Trading Center in Henan for investigation. During the investigation, the group stressed that doing a good job to supply coal in market for power, and bring people a warm winter. They also claimed that while improving the government’s energy reserve capacity, all departments need to strengthen the management of the coal spot market, severely crack down on the behavior of driving up prices and disturbing the order of the market economy, focus on cracking down on capital speculation in the coal spot market and make it public, supervise and urge relevant market subjects to operate in accordance with the law and promote the steady and healthy development of the coal spot market.
Post time: Oct-21-2021
