男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Industries

Coal output to be hiked, says NDRC

By Yang Ziman (China Daily) Updated: 2016-09-29 07:50

Economic regulator frees part of mothballed capacity to rein in excessive price increases

China's top economic regulator-the National Development and Reform Commission-gave the greenlight to bring back onstream some frozen coal production capacity in order to head off coal prices rising excessively, it announced on Wednesday.

The capacity involved was previously taken offline in order to tackle inefficiencies and unprofitability related to overcapacity in the sector.

But the commission, at a briefing in Beijing, said it was releasing the mothballed capacity in a bid to temper coal prices, which have been increasing sharply of late due to a short supply.

Coal prices have been rising rapidly since February. The Bohai-Rim Steam-Coal Price Index has reached 554 yuan ($83) per metric ton, increasing 49.3 percent from 371 yuan per ton at the start of the year.

In early September, the NDRC issued a contingency plan for putting a cap on fast-rising coal prices, allowing daily coal output to increase by 300,000 tons.

The commission said on Wednesday that it has made new plans to increase daily coal output by 500,000 tons.

"If coal prices keep going up fast, we will unleash more capacity to ensure a stable coal supply," the statement said.

According to a report in Beijing Business Today, Shenhua Group Corp has obtained permission to increase its output by a maximum of 2.79 million tons this year at its 14 coal mines.

The NDRC said, however, that overall it was sticking to its policy of shedding overcapacity in the sector.

Analysts said the commission would balance the need for restructuring with rising demand as the country heads into the colder winter months.

Deng Shun, a coal analyst at ICIS, a commodities information service provider, said in the next few months the NDRC's emphasis would be on guaranteeing coal supplies but it would not take its eyes off the longer-term need and its efforts to downsize capacity.

"Coal-consuming companies have been actively lowering their inventories. Yet as coal prices rise, they want to stock up on coal, only to find that the supply is very short," Deng said.

Analyst Xu Xiangchun, at iron and steel consultancy website mysteel, said coal supplies to steel smelters were currently quite tight.

Wang Yanfei contributed to this story.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 沾化县| 宣城市| 延边| 广南县| 石柱| 涿州市| 容城县| 沧源| 阿合奇县| 阿瓦提县| 苍梧县| 松桃| 肃北| 渭源县| 富川| 玛纳斯县| 合阳县| 酉阳| 都江堰市| 黄龙县| 平泉县| 辽宁省| 泊头市| 和硕县| 永仁县| 石渠县| 孝感市| 孟津县| 清流县| 扎鲁特旗| 屏边| 泸西县| 宾阳县| 临邑县| 莱西市| 勃利县| 读书| 鹤庆县| 宿迁市| 门头沟区| 水富县|