The money earned from selling a ton of coal can't

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The money earned from selling a ton of coal can't buy two bottles of drinks. Coal enterprises generally lose money

the money earned from selling a ton of coal can't buy two bottles of drinks. Coal enterprises generally lose money

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Guide: the money earned from selling a ton of coal is less than six yuan, and they can't even afford two bottles of drinks. Some enterprises even lose more than 20 yuan per ton of coal, and many enterprises have stopped production, Even big enterprises like Shenhua are having a hard time. Recently, the depression seen in Inner Mongolia, Shanxi and other places made Wang Jian very sad that he was in coal

"the money earned by selling a ton of coal is less than six yuan, and even two bottles of drinks can't be bought. Some enterprises are very 3. When measuring the elongation after fracture (a), when producing a ton of coal, they lose more than 20 yuan. Many enterprises have stopped production, and even big enterprises such as Shenhua have a hard time." Recently, the depression seen in Inner Mongolia, Shanxi and other places made Wang Jian very sad. He was worried about the future in the coal industry

and this is only a microcosm of the deep winter of the coal industry. It is reported that the loss of large coal enterprises in the first quarter has expanded to 44.4%. In the face of the rescue of coal enterprises, many governments rushed to help with policies such as tax reduction and promotion of coal sales, and even required power enterprises to purchase only local coal. In the view of insiders, it is difficult to fundamentally change the surplus situation of the national coal market because the market rescue measures address the symptoms rather than the root causes. In the medium and long term, we should also focus on the transformation and upgrading of the entire industry

when "black gold" becomes "cabbage", the coal industry has long lost its former style, and even sank deeper and deeper in the cold winter. "This year, the coal market price fell earlier, faster, deeper than expected, and the production and operation difficulties of coal enterprises have intensified." In a recent document, Shanxi Provincial Department of coal industry described the operation of the provincial coal economy in the first quarter

data show that by the end of March 2014, coal enterprises in Shanxi Province had stored 33.8 million tons of coal, an increase of 87.2% year-on-year. In the first quarter of this year, the whole coal industry in the province achieved a coal sales revenue of 94.7 billion yuan, a year-on-year decrease of 20.162 billion yuan, a decrease of 21.3%, and the whole industry achieved a profit of 800 million yuan, a year-on-year decrease of 5.213 billion yuan, a decrease of 86.6%. Comprehensive selling price per ton of coal 401

14 yuan, a year-on-year decrease of 117.64 yuan, a decrease of 22.68%; The average profit per ton of coal is 5 72 yuan, a year-on-year decrease of 13 25 yuan, down 69.92%

"the demand is not going up, and the price is falling, but the freight and financial costs are increasing. In addition, we have to increase human, financial and material resources to promote sales. Whoever produces will lose money. Some small and medium-sized enterprises have not resumed work since last year's shutdown. Large enterprises have to make working capital and repay bank interest. They can only maintain production by supplementing the price with quantity. As long as they receive coal, the price is easy to negotiate." The words of a sales manager of Shanxi coal transportation and marketing group revealed the reasons behind the "difficult production capacity and continuous price drop" of the coal industry

the situation in Inner Mongolia, which is dominated by small and medium-sized coal enterprises, is even worse. It is understood that at present, the lowest price of coal sold by Inner Mongolia coal mines to local power plants has reached 55 yuan per ton, and a large number of small and medium-sized coal mines have been forced to stop production. This can be confirmed by the output data released by the Inner Mongolia Coal Mine Safety Supervision Bureau. From January to March, the coal output in Inner Mongolia decreased by 7.6% year-on-year, the output of local coal mines (small and medium-sized) decreased by nearly 80% year-on-year, and the output of smaller township coal mines decreased by more than 80% year-on-year

this is not a case. According to the data of China Coal Industry Association, the coal inventory of the whole society remained high in the first quarter of this year, which has been around 300 million tons for 28 months. In the first quarter, the main business income of Coal Enterprises above designated size was 7012

500 million yuan, a year-on-year decrease of 8.3%; The total profit of enterprises was 32.32 billion yuan, a year-on-year decrease of 41.2%, a decrease of 65% over the same period in 2012; Large coal enterprises suffered a loss of 44.4%, an increase of 13% over 2013

what is more noteworthy is that the capital chain is at stake. It is understood that the average asset liability ratio of the five major coal groups in Shanxi has reached more than 75%. Win

d statistics show that half of the 28 coal listed companies in the industry category of the CSRC have a debt ratio of more than 50%

all this has also caused great downward pressure on the economy of Shanxi, Inner Mongolia and other coal producing provinces. The growth rate of G D

P in the first quarter was far lower than the expected target. Facing the severe situation, the Department of coal industry of Shanxi province put forward several suggestions in mid April, including strengthening the cleaning up of coal related charges, starting the linkage mechanism of coal and electricity prices, and accelerating the market-oriented reform of railway transportation

then, Li Xiaopeng, governor of Shanxi Province, presided over a provincial government meeting on April 22, requiring the implementation of the "notice on measures to further promote the transformation of the development mode of the province's coal economy and achieve sustainable growth" issued in July 2013. At the same time, 17 relevant measures were issued to suspend the withdrawal of deposit for mine environmental restoration and management and funds for coal mine production conversion and development, which originally expired at the end of last year The policy of halving the collection of coal transaction service fees continued, and the allocation of coal resources by agreement was suspended, and the approval of open-pit coal mines was suspended. At the same time, it also said that it would speed up the reform of coal resource tax from ad valorem to ad valorem

in July last year, the Heilongjiang provincial government helped key coal enterprises such as Longmei group reduce the burden by closing the deposit and use of unemployment insurance funds, transferring the "three supplies and one industry" (water supply, heating, gas supply, property) to the local government, project support and other measures, and the sales of civil aircraft will increase to $102.5 billion. A special meeting was held at the end of March this year to help, "The previous support policy will continue to be followed by the main production process technology of" rolling embedded ". At the same time, it requires that local power plants in Heilongjiang can only receive local coal. In the past, coal from places such as Hulunbuir in Inner Mongolia was sold to Heilongjiang region. After restrictions, it is now basically unsalable." Wang Jian revealed

in addition, supporting policies such as Abolishing Some fees and encouraging coal and electricity integration in Inner Mongolia, Guizhou, Shaanxi and other places since last year are also continuing

however, these market rescue measures have not reduced the concerns of market participants. Deng Shun, an energy analyst at axenshiwang, believes that may is a traditional rainy season, and the increase in hydropower will affect thermal output. At present, domestic coastal freight rates are at a low level, indicating that downstream demand has not recovered significantly; And now the inventory of coal enterprises in the mining area is very high. After the overhaul of Daqin line, the coal inventory in northern ports will rise, and the domestic thermal coal price is difficult to rise significantly

the China Coal Industry Association also predicts that the current downward pressure on the economy is still large, the growth rate of coal demand will fall further in the first half of the year, and the situation of loose aggregate and structural surplus in the national coal market will not change fundamentally

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