“If you get the coal contracts, on-site will give you 100 dollars per ton!”
“Person in charge of mine-related requirements by 500 yuan / ton bill, have to middlemen to 580 yuan / ton pay, the difference of 80 dollars into the pockets of individuals.”
Shanxi, a “coal trader” In a recent conversation with reporters, inadvertently opened by a crazy reselling the interests of the coal chain. As a result, key coal contract fulfillment rate is not high, power plants and power generation would prefer to sell the contract do not want to cause power shortage in the number of riddles solved one by one.
At 18:00 on May 10, the night draws near. Drove rushed from Taiyuan Xinzhou, rows of buildings, clean streets, in the dim darkness, did not feel the intricate relationship of coal here.
Drivers of them are known as the Xinzhou “Taiyuan back garden”, every weekend, the boss will have senior officials to carry coal, coal dealers gathered here, hot springs, do business.
19:30, coal dealer Qiong (a pseudonym) to the “Daily News” reporter called and agreed peace road in Xinzhou, “ranks the fourth Pig shop” to meet.
8, when the reporter arrived the store, Qiong has waiting for them. General appearance, white shirt with purple wool vest, the biggest difference is with the locals – he in the hands of the Chinese smoke.
Seated, Qiong immediately greeted Waiter: “beer, to be the best.”
Waiting for food and wine in the interval, Qiong told the “Daily News” reporter, who just returned from the afternoon Shuozhou back, before the wagon had just sent away a total of 1.6 million tons of coal 4, the buyer is a thermal power plant in Zibo, Shandong, price 625 yuan / ton.
Coal comes to business, seems tired before Qiong swept away. He said excitedly, “and you want to, I just sold the coal is 5500 kcal.” At this point, the waiter two bottles of Tsingtao Pure Health, Qiong first to dry cup.
“Businessmen have generous about trading in Xinzhou, first of all must have some.” Said Zhang Qiong, Xinzhou is a good place, an hour’s drive from Taiyuan, the coal business to do a lot of people would choose to Xinzhou as the venue for negotiations.
Orders at the mystery of coal
A simple conversation, see the press is still doubtful of its master’s coal contract, Qiong initiative to explain the source of his contract: “coal contract orders from the National Coal Council.”
Orders will be provided by coal, thermal coal contracts need to have qualified the state-owned coal power plants and direct sign, but Qiong said he can make use of internal power relations, “the amount of coal needed in the power plant order can sign the contract.” For Which Which power plants and coal from coal mines, Qiong commercial secrets are no longer mentioned.
Prior to that, “Daily News” reporter noted that trading in the China Coal Information Network, Shanghai coal trading network, and other sites, there are a lot of information on electricity supply.
May 10, Qiong information is also available online: “Our long term coal supply in Shanxi local contract, 4000 ~ 6000 kcal, low price and excellent quality, tax or duty may be.”
Electricity for the information published online, Qiong attempt to further eliminate concerns of journalists. He said the information published online brokers, in addition to got to give up power plant due to the coal contract prices, the coal brokers more orders at the form of a private commission, by a qualified power plants and electricity supply mine more than a contract.
“For example, power plants and coal purchase contract signed by 50 million tons, while maintaining normal operation of the plant only 40 million tons, and the remaining 10 million tons into the contract is entirely possible to the market.” Qiong told reporters.
Three transition into the contract coal transportation
By tipsy feeling, Qiong, then gradually increased: “focus of the contract is more than 5500 kcal of coal quality coal, profit margins will be even greater.”
Qiong told reporters that the current coal price differential between coal and the market has more than 200 yuan / ton.
Learned that in Shanxi Yangquan coal Juban Jia has recently risen to 5500 kcal 610 yuan / ton. Meanwhile, on May 11 of the Qinhuangdao Port coal price rose 5 yuan per ton, on the Bohai Rim markets steam coal 5500 kcal comprehensive offer 820 yuan / ton. Coal, thermal coal and the market price difference of 210 yuan / ton.
“Because a huge difference between coal and many have signed contracts for coal finally entered the market, rather than to the hands of power plants, coal contract fulfillment rate is the best proof.” Qiong said.
2011 summary of meeting the national coal supply contract, a charge of fuel procurement for many years people had said the contract coal mining companies issued more than 90% of the amount of focus on contract coal, but the plants only received 60% less than the focus of signing the contract the amount of coal .
“Statistics of the key coal enterprises coal contract fulfillment rate is in accordance with the contract, given the number of statistics, and power generation companies received in accordance with their own statistics the number of coal.” China Coal Transportation and Marketing Association, market observers Li Zhaolin to the “Daily Economic News” reporter pointed out.
For more than 30% of the final flow of key contract coal, Li Zhaolin said, because the coal by rail, we can say 30% of the focus of the contract during the transportation of coal is the “Transition” change for the market coal.
Shanxi Coking Coal Group, an insider to the “Daily Economic News” told reporters: “As long as signed a coal supply contract, supply of coal will be one hundred percent.”
“In fact, the contract coal rail transit is variable type, wagon train hard to grant, but as long as coal shipments, allowing the rails to fully operate a coal dealer.” Talking about the interests of transport links, Qiong smile.
In Li Zhaolin eyes, even if the coal mine will be increased by the market, but involves a huge amount, combined with the market price of coal per ton over hundred different coal transaction is favorable for coal dealers.
If you do 2000,3000 kcal for coal, Qiong said, “one ton and sold 300 dollars, and no space can be controlled, high-quality coal is more focus on the contract favored by the market.”
China Coal Transportation and Marketing Association is responsible for China’s coal supply and demand summary statistics, every year the contract. Notice in accordance with the NDRC, 2011 summary of China’s coal contract amount was 9.32 million tons, which focuses on the total amount of 769 million tons coal.
“The bottom line compared to ensure the electrical safety of 3.8 million tonnes (single volume of 30 tons and over) are key contract coal price Development and Reform Commission, the remaining 389 million tons with the focus on coal, transforming the market coal greater probability. “Li Chaolin revealed.
According to an analysis of the coal industry, the focus of the contract by 380 million tons of coal size, approximately 30% of the difference in performance, which led to focus on transforming the market coal the amount of coal at least 1 million tons. Press again to verify the authority of the person that, together with key contract coal into electricity than the market size is absolutely not on this scale, at least over 200 million tons.
Coal, thermal coal market, the track turned
To plug the “electricity market,” the source, the National Development and Reform Commission released in December 2010 “on the transportation of coal production well 2011 to be convergence of the notice” not only the provisions of the contract price of coal, rail transport capacity allocation remains unchanged, In addition to supply and demand also explicitly requires companies and railways, the Ministry of the door, no other units are not allowed to seal the contract.
The move for Development and Reform Commission, Zhang Qiong disagree, “even if countries want to block the source, but the power loss increase, the difference so big, coal is now reselling the largest capital in their hands, not just buyers and sellers to profit, This is something of interest taking in the chain. ”
Transformation of the market for coal, thermal coal, the industry pointed out that the mine has its own problems: “Some contracts for coal mining coal into the market knowing that the transaction will be issued in the case.”
Qiong also been confirmed this: “For example, focus on the contract price is 500 yuan / ton, the market of coal is 700 yuan / ton, the mine requires the responsible person by 500 yuan / ton billing, but it requires brokers to 580 yuan / t pay. So, 80 dollars / ton, the difference is the tip, into the personal pockets. ”
He showed reporters a coal “turned” market path of coal: “get the electricity contract, as a trading company, minus the pull goods to the mine when the person in charge of the cost, I would add to 650 yuan / ton, after all, the contract coal, some of which are key contract coal, which is lower than the market price. ”
Industry sources, including five power generation groups, including power companies, are generally associated with private coal trading companies, commissioned by the trading company for sourcing the required coal.
It is these “middle person” in reselling contract coal, brokers tend to focus on contracts in the coal and the market price of coal between the two and then determine a price, several parties in order to ensure win-win.
Qiong said: “once again changed hands to downstream intermediaries power plants, chemical industry, steel mills and other enterprises, the increase again, and thus, the contract changed hands several times after the coal from the market price of coal is completely deformed.”
Qiong said: “Now as long as you can get coal contracts, on-site can give you 100 yuan per ton.”
“The market economy, and people do business, as the parties in the coal trade, no one wanted to make money and enhance profits.” Huozhou coal a person in charge told the “Daily News” reporter.
For the main body of electricity trading, a market observers believe that no matter what channel intermediaries to obtain electricity through the contract, because the power plant, fuel companies are required to sign the leadership in the current situation of loss of power companies, even some power plants reselling contract coal to reduce losses.
9:50 that night, and journalists have been near the end of the conversation, Zhang Qiong slightly excited and said: “These are power plants and coal trafficking of people within the collaboration, there is no special relationship, is difficult to get involved.”
SERC Research: contract fulfillment rate decreased
May 23, “Daily News” reporter from authoritative sources that, in early May, the State Electricity Regulatory Commission Office of Central Electricity Regulatory Authority arrangements in Hubei and Jiangxi provinces were selected more than two million installed capacity of thermal power enterprises carry out research . Research found that, in addition to large increases in the market price of coal, part of the key coal mines disguised inflation, the price of coal fired power key coal contracts signed decreased, cash rates fall, the market of coal increased.
CEC experts on statistics, coal contract fulfillment rate showed a declining trend, more than 30 million tons in 2010 focus on coal contract fulfillment rate is less than 50%.
The industry source said: “After all, cash is low, statistical differences, will directly affect the thermal power generation enterprises, increasing the current power shortage.”
CEC forecast shows that the year 2011, China’s electricity consumption is expected to about 4.7 trillion kwh. Thermal power generation accounts for about 80% of total electricity generation capacity. In other words, the national thermal power generation in 2011 is projected at 3.76 trillion kwh.
Required by the State Development and Reform Commission, the current coal consumption of power per kilowatt thermal power plant of 360 grams of standard coal, or 1 ton of standard coal can power 3,000 kwh.
After conversion, thermal power plants in China in 2011 needs at least 12.5 million tons of coal. National Development and Reform Commission provided 380 million tons coal contracts with them key difference between the 870 million tons, coal gap of at least 69.6% of total demand accounted for.
Electricity for the smooth gap, there are traders said the market five coal Power Group purchased the proportion of each year at least 60%. “Contract rate is relatively low, and the contract Coal and poor”, one of five major power confirmed by an insider, “Coal and relatively good market, we are also a large part of the purchase through intermediaries.”
Meanwhile, the “Daily News” reporter was informed, Luan ring to (601699, SH) pit this year the contract price of coal is about 440 yuan per ton, the market price of coal pit about 520 yuan to 560 yuan. The average settlement price for a quarter of the coal is about 830 yuan per ton. Data conversion show that the middle part accounted for about 36% of coal. The former general manager of China Datang Corporation, has said publicly Zhai Ruoyu, fuel costs accounted for 70% of total electricity generation costs more.
Insiders pointed out that electricity into the market by reselling the same time, lack of stored coal power plants; plant is forced to purchase high-priced markets to maintain production of coal, electricity situation in the complex under this cancer continued losses for the current power plants planted “curse.”