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Home > News > Valuable News > Two ministries and commissions: crack down on illegal coal price speculation

Two ministries and commissions: crack down on illegal coal price speculation

ECHEMI 2020-03-05

The decline of coal price in the main production area narrowed, showing signs of stabilization and small increase. Coal hauling trucks in some coal mines increased. The increase of 15 CNY/ton of mixed coal in Jinjitan coal mine strengthened the coal market. Xiaojihan coal mine, on November 11, the local coal sale network bidding, huayumou 4 after bidding, rose 2 CNY/ton, the final transaction price 272 CNY/ton. Recently, the general office of the national development and Reform Commission and the general office of the State Administration of market supervision and Administration jointly issued a notice to announce the reporting methods of illegal behaviors in the coal market. It is pointed out in the notice that the way of reporting illegal behaviors in the coal market is intended to further standardize the order of the coal market, protect the legitimate rights and interests of upstream and downstream enterprises of coal, and avoid illegal behaviors damaging the normal balance between supply and demand. The relevant departments will strengthen the supervision of the coal market and severely crack down on illegal behaviors such as speculation of coal prices and hoarding of curiosities. The notice is clear. If the following three kinds of behaviors disturbing the coal market are found, they can be reported in time. The first is that coal production and operation enterprises or other units collude with each other to manipulate market prices and drive coal prices to rise by a large margin; the second is that coal production and operation enterprises, relevant social organizations, price index compilation institutions and other institutions providing services for coal trading, fabricating and disseminating price information or using other means to bid up prices and disturb market order In addition to production and self use, the coal price has exceeded the normal storage quantity or storage cycle, and the coal is maliciously stored and not sold in the period of tight market supply and abnormal price fluctuation.

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