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It is recommended that coking coal enterprises reduce production by 10%

ECHEMI 2020-04-23

According to the China coal resources network, the coking coal special committee of China coal transportation and Marketing Association issued a proposal on stabilizing the coking coal market. According to the market situation, it is necessary to organize production and reasonably control the inventory of enterprises. In order to effectively respond to the current market situation, it is recommended that each coking coal enterprise implement production reduction measures (from May 1, according to the average daily output of coking coal in the first quarter of the enterprise, 10% of the production reduction is implemented) The implementation date of production measures is tentatively to May 31, 2020). In addition, adhere to the long-term association mechanism. Strictly abide by the requirements of the national development and Reform Commission for medium and long-term contracts, ship according to the quantity of coking coal supply and demand contracts signed in 2020, adhere to the principle of quarterly pricing, and resolutely oppose various practices of users violating the long-term agreement.

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