The structural optimization of the coal industry is becoming fully evident

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The pace of market-oriented reforms in the coal industry is accelerating, with rapid development in futures for thermal coal and coking coal. The system of medium- to long-term spot contracts, along with a pricing mechanism based on a base price plus a floating percentage, provides a solid foundation for ensuring an adequate supply of coal and stable prices. Measures such as linking production levels to demand and replacing lower-quality production with higher-quality alternatives not only help to phase out outdated production capacities but also create space for the development of higher-quality production facilities. Jiang Zhimin said that in the coming period, as supply-side structural reforms progress further, the coal industry will accelerate its transition toward structural optimization, integration of related industries, innovation in business models, and profound changes in production and consumption patterns. China Phosphorus Coal Industry Network