China s coal market outlook in 2024

Mondo Finance Updated on 2024-03-07

Overall, the current economic recovery is gradually affected by the industry".De-capacityAffected by other factors, China's coal ** still maintains a high level of operation. In the overall pattern of the national economy, coal occupies a pivotal strategic position, and the dominant position of the state-owned economy will not be easily shaken.

In terms of obtaining international energy pricing power, China also needs to strengthen and expand resource enterprises. In the long run, the sustainable development of China's macro economy has provided solid support for the continuous growth of coal demand, and the coal market will show a basic pattern of supply and demand balance.

With the implementation and promotion of various national industrial policies, the concentration of the coal industry will be further improved, and the industrial structure will be optimizedScale, mechanization, modernizationIt will also be strengthened, laying an important foundation for the optimization and upgrading of the coal industry.

2022 is an important year for the full implementation of the 14th Five-Year Plan, and a key year for the coal industry to promote high-quality development. Benefiting from the orderly release of high-quality coal production capacity under the supply-side reform, as well as the policy adjustment of imported coal, the continuous promotion of the construction of the production, supply, storage and marketing system at the industry policy level and the further improvement and implementation of the medium and long-term contract mechanism, the supply and demand of the coal market".Tight balanceThe basic pattern is expected to continueBetween the growth of coal demand, the release of new production capacity, and the high price of coalA new dynamic equilibrium will be gradually found. At present, coal consumption still accounts for a large proportion of the country's total energy consumption, and coal will continue to play a leading role.

As China puts forward the goal of carbon peak and carbon neutrality, the process of low-carbon development is accelerating, the adjustment of energy structure will show an accelerated trend, and the growth of coal consumption demand may gradually slow down, but the important position of coal as China's basic energy will not be shaken in a certain period of time. In 2024, the development prospects of the new coal chemical industry, which is closely related to the coal industry, are good.

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