Domestic coal prices even lower limit production cut off or to the depth of the coal industry reshuf
In rumors outside the Shenhua Group and a half to five times in a row down the market price of thermal coal, Shenhua Group recently issued a directive to limit production cut Pin & mdash; & mdash; this year will be limited production of 50 million tons, reducing pin 60 million tons. Industry insiders commented that, as China's largest coal production and sales, Shenhua Group will stir the depth of the coal industry reshuffle, to promote a new round of coal resources integration.
“ 5 consecutive times in the half cut coal, Shenhua is completely outside of misreading, misunderstanding. In the past, Shenhua coal price is according to the index of the Bohai Sea, Qinhuangdao listing price to determine the price of a sales, as the market index tend to lag behind on the market selling price, so in the first half of Shenhua coal sales price has actually been higher than the market price. By the end of June this year, Shenhua adjusted pricing strategy, take the & lsquo; stationary & rsquo; pricing mechanism should said that Shenhua not to take the lead in price, but the & lsquo; stationary & rsquo; and the coal market price flat the, this is market behavior of Shenhua taken according to the laws of the market, the limited production minus the pin is Shenhua according to the China Coal Industry Association & lsquo; total amount control, reduce inventory & rsquo; required to make a response. & rdquo; Shenhua Group News Director of the Propaganda Department, Meng Jian, spokesman accept Xinhua News Agency "Economic Reference News" reporters, said that the current coal market unsalable, the coal enterprises operating difficulties, the coal industry into the critical period of depth shuffle, industry consolidation.
