11 Power Coal Enterprises issued a joint proposal to ensure stable coal price

On November 25, the Securities Daily learned from the China Coal Association that 11 power coal enterprises jointly issued an initiative to guarantee the supply, safety and people's livelihood during the peak winter coal consumption period, and stabilize the market and price. According to the proposal, on the premise of ensuring safety in production, we will further consolidate the capacity of resource support and make emergency preparations in advance to cope with the possible extreme weather during the peak winter. In areas where the traditional supply is tight, priority should be given to the allocation of resources to ensure the stable and orderly supply of coal for central heating and to ensure that the masses have sufficient coal for heating in winter. We will continue to organize production in accordance with laws and regulations, and we will ensure that we do not violate laws and regulations, exceed capacity, or operate in an unsafe manner. Ensure the input of coal mine safety, strengthen the safety management of coal mine site, strengthen the investigation and treatment of hidden dangers, and resolutely prevent and control the occurrence of major accidents. In addition, we should pay close attention to the impact of the development of macro-economy at home and abroad on the supply and demand of the coal market, organize production according to the market changes, guarantee supply, timely adjust the flow of resources, and stabilize the market. We will comprehensively implement the national policies and measures to stabilize the market, continue to adhere to and continuously improve the systems of capacity reduction and replacement, peak shaving and emergency capacity reserve, medium and long-term contracts and pricing mechanism of "base price + floating price", minimum and maximum inventory, stabilizing abnormal price fluctuations and enterprise credit evaluation, etc., so as to ensure that coal prices remain in the green range.