China's large and medium-sized coal enterprises lose more than 70%

wallpapers Industry 2020-12-09
Lu Junling, deputy director of the economic operation regulation Bureau of the national development and Reform Commission, said on the 30th that in the first six months of this year, the profits of Coal Enterprises above Designated Size in China reached 20.05 billion yuan, only 10.5% of the same period in 2012. At the end of the period, the loss amount of loss making enterprises reached 48.41 billion yuan, and the losses of large and medium-sized coal enterprises had reached more than 70%.


since 2012, the contradiction between supply and demand in China's coal market has become increasingly prominent, the market price continues to fall, and the business difficulties of enterprises continue to intensify. At present, the market price of 5500 kcal steam coal in Qinhuangdao port is 415 yuan / ton, which is more than 50% lower than the historical high point.

Lu Junling said at the media conference held by the national development and Reform Commission that day, in view of the difficulties encountered in the coal industry, since this year, various departments have actively adhered to the administration according to law, followed the market rules, and paid close attention to the "four strict governance" (strictly governing illegal construction production, strict control of over capacity production, strict control of unsafe production, and strict control of inferior coal production) We should focus on adjusting and optimizing the relationship between supply and demand, and promote the balance between supply and demand in the market.

he said that with the efforts of all parties, the total supply of coal market has decreased significantly, and the downward trend of price has been initially curbed. But at the same time, it should also be noted that due to the decline of market demand and other reasons, the contradiction between supply and demand in the current coal market is still outstanding, the foundation of price stabilization is still relatively weak, and the task of extricating the industry from difficulties is still very arduous.


look forward to the second half of the year, the weak situation of the coal market is difficult to change in the short term. Guo Zhonghua, deputy director of the Policy Research Department of China Coal Industry Association, said that from the perspective of demand, coal consumption in power generation, steel, building materials and other industries is expected to decline; from the perspective of supply, the coal production capacity formed by investment in recent years is in the centralized release period, and it is difficult to control the coal output, and the pressure of coal import still exists. At present, there is limited space for the coal market to continue to decline. With the macroeconomic stabilization and improvement, the coal market shows signs of improvement in the second half of the year. However, the situation of market supply exceeding demand is difficult to change in the short term, and the operation difficulties of coal enterprises may be aggravated.

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