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During the “10th Five-Year Plan†period, China’s coal companies’ fixed assets investment will be about 300 billion yuan, which will form a production capacity of 800 million tons in the next few years. It is expected to be released in 2007 in a larger scale, resulting in a greater impact on the coal market. Big impact. In 2006, the country also cancelled the coal export tax rebate, lowered the coal import tax rate, and imposed a 5% tariff on coal exports. This will directly affect the coal import and export situation, and the domestic coal market competition will be fiercer.
In the new year, the cost pressure on coal companies is also increasing. Industry sources said that the introduction and implementation of a series of policies and measures by the state on the coal industry is conducive to the long-term development of the industry, but some policies have a significant impact on the cost of coal in the short term, such as the increase in land use fees and the use of coal resources. As well as the mine environmental governance and ecological restoration compensation mechanisms to be established, it will directly affect the economic benefits of coal companies.
China's coal market competition will intensify this year
According to the analysis of related departments, due to the country’s strict control over the rapid growth of investment in fixed assets and the development of high-energy-consuming industries, the demand for China’s coal market will be reduced in 2007, thereby aggravating the competition in the coal industry.