Contract coal prices next year or come to nothing. National Development and Reform Commission Secretary Cao Changqing price in Shanxi province coal and electricity production and business forum, said the 1st, the current coal enterprises to increase production in the premise of ensuring safety, security of supply, coal prices remain stable.

Cao Changqing said coal companies accordance with the requirements of the State Council Development and Reform Commission and the relevant documents, strict price discipline. 2011 key contract coal prices to maintain a constant level of 2010, may not increase in any form. Coal production and distribution enterprises shall anthropogenic interference and speculation coal prices, consciously or prices, not raise prices to maintain the basic stability of the market price of coal. He also asked the Government to seriously clean up coal-producing areas of the various barriers impede operation of the market, so companies do operate independently of both production and demand to meet directly promote the free flow of coal in the domestic market; carefully clean all kinds of charges, reducing coal, electricity burden on businesses.

A coal authorities said, in the case of managing inflation for the current top priority, the contract price of coal next year's rise will go to waste. The source said that this policy will allow businesses to benefit from the power section.

Currently, coal spot market prices stabilized after two weeks of touch has maintained a high fall. We learned from SXCoal week Jingtang Port excellent mixed coal price 880-890 yuan / ton; large mixed coal prices 760-770 yuan / ton, coal prices remain stable for two consecutive weeks.

Moreover, in November Qinhuangdao Port coal stocks decline, the impact on the coal formation. It is reported that on November 1, Qinhuangdao Port coal stocks at 7.02 million tons, as of November 30, compared with 5.731 million tons inventory, a drop of 18.36%.  In this context, Dec. 1, seaborne coal net latest Bohai thermal coal price index shows the average price of thermal coal Bohai 794 yuan / ton, compared with the previous period cut 2 yuan / ton, the Bohai thermal coal prices since slightly lower for the first time since release.

It is understood that a change in coal freight week rising trend, but also a substantial "diving." Qinhuangdao 2-30000 t ship to Shanghai, Zhangjiagang, Guangzhou coal freight was 55 yuan / ton, 60 yuan / ton, 90 yuan / ton, compared with last week's price decreased by 13 yuan / ton, 13 yuan / ton and 8 yuan / ton.