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China Plans Measures to Stabilise Coal Output and Supply

Published: Updated: By 24TopNews Editorial Desk

The National Development and Reform Commission, the National Energy Administration and the National Mine Safety Administration have jointly issued a notice to accelerate stable coal output and supply. Coal-producing provinces and regions and coal enterprises are to advance mine resumption and full-capacity production, speed up acceptance of mines in joint trial operation, implement medium- and long-term thermal coal contracts, use imports as a supplement, and develop replacement capacity.

The National Development and Reform Commission, the National Energy Administration and the National Mine Safety Administration have jointly issued a notice outlining multiple measures to accelerate stable coal production and supply.

The notice requires coal-producing provinces and autonomous regions and coal enterprises to make every effort to ensure stable coal production and supply on the premise of safety, maintain monitoring and scheduling, continuously optimise production organisation, actively and steadily advance the resumption and full-capacity production of coal mines, accelerate the acceptance of coal mines in joint trial operation, and promote a steady recovery in coal output, so as to provide strong support for economic growth and energy supply.

The notice also sets requirements for the signing and performance of medium- and long-term thermal coal contracts, for giving play to the supplementary and adjusting role of imports, and for advancing the development of replacement coal production capacity.

Next, the relevant departments will strengthen overall coordination, guide coal-producing provinces and autonomous regions and coal enterprises in promptly implementing the work arrangements, adjust and improve policy measures, release coal production capacity reserves in a timely manner, make every effort to stabilise coal production and supply, and promote the smooth operation of the market.

24TOPNEWS IMPACT INTELLIGENCE

Why this event matters

The event has a measured impact on 2 industrys. The strongest current signal is mixed for Coal, with intensity 60/100 and 70% confidence over a short term horizon.

Energy · 1.1

Coal

Direction
mixed
Intensity
60
Confidence
70%
Horizon
Short term
Effective impact 0
Energy · 1.8

Thermal Power

Direction
positive
Intensity
60
Confidence
70%
Horizon
Short term
Effective impact +29

Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.