Looking back the coal industry in 2011

Release date:2013-5-8 13:29:56  Sources:Xuzhou Dajin Mining Technology

ity growth has lagged behind, before the advent of every peak coal, East, Central, and South China some areas often while facing tight supply of coal and coal prices double test.Therefore, accelerating the establishment of a national-level coal reserves are urgently needed.
Although the state-level emergency reserves of coal has been started, but controversy still exists.China's coal supply and demand large-scale, millions of tons, at most, a few thousand tons of coal contingency reserve exactly how much regulation can play a role, yet to be proven.The current reserve way enterprises operate, the Canadian government financial subsidies, Chengchuqiye reserves during the process of how to achieve profitability is also one of the focus of attention.
Coal resource tax reform to promote the "blocked"
The end of September, the State Council executive meeting adopted the revised "Provisional Regulations on Resource Tax of the PRC."The oil and gas resource tax rate in accordance with the quantity and tax valorem quantitative increase, the tax rate was 5% -10%.Coal resource tax from the amount of income is still practiced, in addition to coking coal resource tax from 0.3-5 yuan per ton, slightly raised to 8-20 yuan per ton, the other coal resource tax still applies 0.3-5 yuan per ton from the previous amount taxes.Before authorities repeatedly pointed the direction of the overall reform of resource tax is determined by the amount levied ad valorem.Currently, the oil and gas resources tax reform smoothly, coal resource tax reform has "blocked."
The reason why oil and gas resources tax reform to promote more successful, and coal resources tax reform blocked, mainly because of oil, gas and coal pricing mechanism.Crude oil prices in international pricing, and international crude oil prices getting stronger financial attributes, international financial capital increasing influence on crude oil prices.While natural gas prices remain government pricing.Oil and gas resources tax reform will not be short-term increase in costs to downstream transmission, or that such conduct is controllable.
For coal, in addition to key contract coal is still to some extent by government regulation, other coal prices have basically market-oriented.Coal prices in the market at the same time, in recent years, the coal industry through the integration of resources and corporate mergers and acquisitions, a large number of small coal mines to be integrated or closed, industry concentration is increasing, coal companies for the increasing control of the market.
With the market and the degree of concentration while increasing the price of coal will to a certain extent with the continued rise in energy.If you promote resource tax reform, coal production costs will also increase, but with a different oil and gas companies, to benefit from the market and the increasing concentration of coal enterprises can more easily by raising prices will add costs to go out.Resource tax reform can not play a regulating differential income business or industry purposes, but to keep pushing up prices, raise the costs of downstream enterprises of coal, so the resource tax reform will be lost meaning, suffering resistance is not hard to understand.
Fully market-oriented coal falter
In recent years, coal prices are rising, not only blocked the coal resource tax reform, and the full market price of coal becomes increasingly struggling.
As expected in 2011 China will face greater inflationary pressures, thus, the National Development and Reform Commission in December 2010 issued a "do a good job in 2011 coal production need to link work notice" clearly requested in 2011 with an annual output op convergence required, the annual key coal contract prices remained unchanged last year, in any form of disguised inflation.
But the prohibition key contract coal prices and can not stop the pace of market coal prices.Coal market prices, on the one hand focus on coal and coal markets spreads further expansion of coal enterprises further decline in the willingness to perform the contract; the other hand, the overall cost of electricity generation companies to further improve.Although electricity costs, but often does not allow special tariff macroeconomic situation timely adjustment, therefore, coal power struggle basically throughout the entire 2011, coal power struggle is intensifying.
Near the end of 2011, the National Development and Reform Commission issued a notice again on coal for power generation nationwide implement temporary price intervention measures.Requirements into the national inter-provincial Production, Transport and the annual key contract coal, coal-producing provinces (autonomous regions and municipalities) self-produced coal, 2012 contract prices rose last year of the contract price shall not exceed 5%; while the market Trading coa