China Coal and other giants suspend coal exports

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　Against the grim background that 37% of the country's power plants have thermal coal inventories of less than 3 days, the policy of promoting "import" and suppressing "exit" of coal import and export has been effectively implemented. China Coal, Shenhua, etc. have completely stopped exporting in the past two days. Guangdong, which is seriously short of electricity, has temporarily suspended coal import negotiations with Vietnam. Yudean has to divide its forces into three groups and go to the north to organize coal sources. In the market right now, the "shortage of coal" and the "emergency of power plants" form a striking contrast, and in this game of ebb and flow, it seems that there is no real "winner" for a while. 　　In order to ensure the stable and timely supply of domestic coal resources, my country's coal exports suddenly stopped in the past two days. Yesterday, China Business News obtained this news from several industry insiders. According to China Business News, the National Development and Reform Commission and relevant departments are likely to issue a formal notice in February this year to suspend coal exports in February and March. 　　A person from China Coal Group told China Business News yesterday that the National Development and Reform Commission may have issued a notice to relevant units to stop exports. Another China Coal Group insider said that coal exports have been stopped in the past two days. 　　my country's coal exports implement a quota system, which is managed by multiple departments including the National Development and Reform Commission, the Ministry of Commerce, and the General Administration of Customs. China Coal Group, Shenhua Group, China Minmetals Corporation and Shanxi Coal Import and Export Corporation are * * Operating enterprises granted coal export rights. In 2007, national coal exports accounted for 2.02% of national coal consumption. 　　Industry insiders believe that at a time when domestic resources are relatively scarce, restricting exports is a very wise approach. On the one hand, it can reduce traders’ speculation in overseas coal sales, and at the same time, it can also help relieve coal supply pressure in some domestic areas. 　　Although the increase in global coal prices was not particularly significant last year, due to a variety of factors recently, coal prices in markets around the world have risen sharply, and some trading varieties have also reached new highs. Therefore, if coal exports are allowed, traders may gain larger profit margins, which is not conducive to my country's internal resource supply. 　　Last Friday, the New York Mercantile Exchange's second-quarter Central Appalachian coal contract delivery price rose to $70/ton. Although it closed at $64/ton that day, traders believed that the contract price of $70/ton set a record for coal futures. 　　In addition, coal mining companies in Australia were forced to declare force majeure due to flooding and disrupted scheduled coal deliveries. Unexpectedly, South Africa also encountered a shortage of coal supply. Jing Tianliang, chairman of China Coal Energy Co., Ltd., previously said during the IPO roadshow that my country's coal export negotiations with overseas countries have not yet been completed, but he himself expects prices to rise, and by a large margin. 　　“However, my country's coal prices and sales will decline at the end of March, and exports will still be able to continue. ”an analyst told reporters. 　　Some media pointed out that last weekend, the Ministry of Transportation required major domestic ports to suspend export coal shipments. At present, the transportation department has urgently allocated overseas transportation capacity, and the railway department has implemented "required installation" for thermal coal transportation to ensure the transportation and use of thermal coal and other parts of the country. Fu Jinxiu, deputy director of the Transportation and Safety Division of the Water Transport Department of the Ministry of Transport, once said that active measures are being taken. COSCO Group has brought back 11 ships from overseas and put them on the market soon. In addition, China Shipping Group has renovated 4 oil tankers, and now 2 ships are involved in coal transportation. 　　Related: my country's coal exports declined last year. Data released by the General Administration of Customs on January 11 showed that my country exported a total of 53.17 million tons of coal in 2007, down 16.0% from the same period last year. Among them, my country exported 5.73 million tons of coal in December last year, down 2.9% from the same period last year. 　　Yang Lieke, executive director and president of China Coal Energy Co., Ltd., previously said that my country has begun to adopt a policy of promoting "in" and suppressing "out" of coal import and export, gradually reducing coal export tax rebates, causing the total coal export volume to decline. He said that on September 15, 2006, the coal export tax rebate policy was cancelled. Effective November 1, 2006, an additional 5% export tariff will be imposed on coking coal. In 2006, coal import tariffs were lowered twice, from 6% to 3%, and again from 3% to 1%. It was lowered to zero on January 1, 2008.