Directly ︱ China Coal's mid- and long-term contract execution rate has exceeded 90% this year

According to information from the National Coal Trading Center on September 25, as of now, the overall implementation rate of China's coal medium and long-term contracts has exceeded 90% this year.

At the signing ceremony for the full-coverage of coal for power generation and heating in Northeast China, Li Yunqing, director of the Economic Operation and Regulation Bureau of the National Development and Reform Commission, said that for a long time, the medium and long-term contracts have played a role in stabilizing the relationship between supply and demand and coal prices. Important "ballast stone" role. Promote the full coverage of medium and long-term coal contracts for power generation and heating, and lock resources and prices in advance, which can stabilize large fluctuations in coal prices, reduce the cost of coal for people's livelihoods, and facilitate the smooth operation of the coal market. At the same time, the decline in the cost of coal for power generation and heating will also ease the loss of some power generation and heating enterprises to a certain extent.

Li Yunqing emphasized that the contract must be strictly enforced. Once the contract is signed, it must be 100% executed. Those who fail to sign contracts as promised, sign false contracts, and fail to strictly perform contracts will be notified and publicized, and the qualifications for guaranteeing coal supply will be cancelled and included in the enterprise credit records.

Deputy General Manager of National Coal Trading Center Li Zhongmin revealed that in accordance with the requirements of the National Development and Reform Commission of China, medium and long-term coal contracts between the supply and demand parties need to be entered online into the National Coal Trading Center platform for contract summary confirmation and signed integrity performance commitments. Up to now, The overall implementation rate of medium and long-term coal contracts this year has exceeded 90%. (The WeChat platform of China Taiyuan Coal Trading Co., Ltd. is compiled and compiled according to relevant news such as China News Network)