Coal supply exceeds demand for the first time in 1

2022-08-02
  • Detail

The "supply exceeds demand" trend of coal output for the first time in 14 years continues

the "supply exceeds demand" trend of coal output for the first time in 14 years continues

China Construction Machinery Information

"according to the express report, the national coal output completed 3.52 billion tons in the first 11 months of last year, a year-on-year decrease of 2.1%. It is expected that the annual output will decrease by about 2.5% year-on-year, which is the first decline since 2000."

jiangzhimin, vice president of China Coal Industry Association, said recently that under the new normal, the coal industry will also enter a period of slowing down demand growth, a period of digestion of excess capacity and inventory, a period of enhanced environmental constraints and a period of structural transformation. In 2015, the situation of market supply exceeding demand is still difficult to fundamentally change, the pressure of enterprise operation is still large, and the industry operation situation is still severe

more than 70% of the enterprises lost money

Jiang Zhimin pointed out in his report on the coal economic operation situation in 2014 that under the influence of multiple factors such as the weak demand in the coal market, the advanced capacity construction and the still large import scale, the contradiction between supply and demand in the coal market was prominent, the inventory increased, the price fell, the benefit decreased, and the enterprise operation pressure increased in 2014. With the implementation of the national poverty relief policies and measures for the coal industry, there have been some positive changes in the market since the fourth quarter, but the operation situation of the whole industry is still grim

according to the express report, in the first 11 months of last year, the national coal output completed the expansion period of 3.52 billion tons, a year-on-year decrease of 2.1%. The annual output is expected to decrease by about 2.5% year-on-year. In the whole year, the railway shipped 2.29 billion tons of coal, a year-on-year decrease of 30.44 million tons, or 1.3%. By the end of 2014, coal enterprises had stored about 87million tons of coal, an increase of 2.6% over the beginning of the year; Key power generation enterprises stored 94.55 million tons of coal, an increase of 14.09 million tons over the beginning of the year, an increase of 17.1%, available for 24 days

from the perspective of the national coal price, the coal market price experienced a sharp decline at the beginning of last year and a slight recovery after October. From the change of China's coal price index, it dropped from 161.8 points at the beginning of the year to 136.2 points on October 10 (the lowest point in the year), and then rose slightly to 137.8 points at the end of the year, 1.6 points higher than the low point in the year, but 24 points lower than the beginning of the year

in terms of fixed asset investment, in 2014, the national fixed asset investment in coal mining and dressing industry was 468.2 billion yuan, a year-on-year decrease of 9.5%, down 36.2 percentage points compared with the average annual growth rate of 26.7% during the Eleventh Five Year Plan period

private fixed asset investment was 259.8 billion yuan, a year-on-year decrease of 10.9%

in terms of industrial benefits, in the first 11 months of last year, the main business income of Coal Enterprises above Designated Size nationwide was 2.74 trillion yuan, a year-on-year decrease of 6.6%; The enterprise profit was 110.45 billion yuan, a year-on-year decrease of 87.19 billion yuan, a decrease of 44.4%, and a decrease of 64.2% compared with the same period in 2012; The loss of loss making enterprises was 68.3 billion yuan, a year-on-year increase of 61.6%; More than 70% of the enterprises suffered losses. Most coal enterprises have difficulties in operation, and the problem of wage reduction and underpayment in some enterprises is prominent

multi factor coupling aggravates industry difficulties

analyze the main reasons affecting the economic operation of the coal industry. Jiang Zhimin believes that, first, the consumption of major coal consuming industries has decreased, the intensity of energy consumption has decreased, and the demand for coal has decreased. With the progress of science and technology, the national efforts to control the atmospheric environment have been strengthened. The national energy consumption per unit of GDP fell by 4.8% in 2014, up from 3.7% in 2013

second, the problem of leading coal production capacity is prominent. Since 2006, if the indicator is zero, the cumulative investment in fixed assets of the coal mining and dressing industry is 3.27 trillion yuan. By the end of 2013, a total of 2.6 billion tons of new capacity had been added, and the capacity under construction exceeded 1.1 billion tons, which further increased the pressure on capacity release

third, the scale of coal import remains high. In 2014, affected by the overcapacity in the world coal market and the sharp decline in international coal prices, China's coal imports continued to maintain a large scale. Since 2011, the net import volume has exceeded 200million tons for four consecutive years, accounting for about 8% of domestic coal consumption

fourth, deep-seated contradictions gradually appear. The rapid development in the past few years has covered up the need for the coal industry to adapt to the development of large ships in the long-term development; Accelerate the deep-seated contradictions and problems accumulated in the preliminary work of Macun Port Phase 3 and 4 projects. The problems of unreasonable economic structure, large population and low efficiency are still outstanding, the imbalance of industry development is aggravated, and the constraints of system and mechanism still exist

"with the passage of time and the deepening difficulties in the development of the industry, these contradictions will become more prominent and must be attached great importance to." Jiang Zhimin stressed that the difficulties encountered in the current coal economic operation are the coupling of multiple factors, the problems in development and the pains of structural adjustment. We must seize the opportunity, accelerate the transformation, overcome the difficulties and regain greater development

the operation situation in 2015 is still grim.

understanding the new normal, adapting to the new normal and leading the new normal is the logic of China's open-loop control to reduce economic development at present and in the future. Jiangzhimin said that under the new normal, the coal industry will also enter a period of slowing down demand growth, a period of digestion of excess capacity and inventory, a period of enhanced environmental constraints and a period of structural transformation

in terms of demand, China's economic growth will further slow down in 2015. The state regulates the total energy consumption, increases the proportion of non fossil energy in primary energy consumption, significantly reduces energy consumption per unit of GDP, reduces air pollutant emissions, reduces the proportion of coal in primary energy consumption, further optimizes the energy structure, and further reduces the intensity of coal demand

from the perspective of supply, on the one hand, China's coal production capacity has exceeded 4billion tons, and the scale under construction is more than 1billion tons. The pressure on coal production capacity has increased, the global coal market has excess capacity, and coal imports will remain large-scale; On the other hand, the state will strictly control the production and construction of illegal coal mines, control unsafe production, over capacity production and restrict the production and consumption of low-quality coal. The momentum of blind growth in coal output will be curbed

therefore, it is expected that the supply-demand relationship in the national coal market will be gradually improved in 2015. However, affected by multiple factors, the situation of market supply exceeding demand is still difficult to fundamentally change, the pressure of enterprise operation is still large, and the industry operation situation is still grim

at the meeting, Jiang Zhimin reported the new achievements made in the reform of the coal industry and the phased achievements made in the work of extricating the coal industry from difficulties. He stressed that in the face of the new normal of China's economic development and the new requirements of the energy revolution, the coal industry must adhere to the "seven advances", promote the "seven transformations", and continuously improve the scientific level of the development of the coal industry. First, promote the innovation and development of coal science and technology, and promote the transformation of the industry from labor-intensive to the integration of industrialization and industrialization, and talent and technology intensive; Second, promote structural adjustment, transformation and upgrading, and promote the transformation of development mode from quantity and speed to quality and efficiency; Third, promote the construction of ecologically civilized mines and promote the transformation of industry development from the production and sale of raw coal to the sale of commercial coal and clean coal; Fourth, promote the industrialization of modern coal chemical industry, and promote the transformation of coal products from fuel to both raw materials and fuel; Fifth, promote the development of coal machinery equipment manufacturing industry, and promote the transformation of coal industry to modernization and informatization; Sixthly, promote the construction of coal market trading system and promote the transformation of industry development from incomplete market to complete market; Seventh, promote the construction of a long-term mechanism for work safety, and promote the development of the industry from focusing on significantly reducing work safety accidents to improving the degree of occupational health security

Copyright © 2011 JIN SHI