Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

China state planner make checks on energy supply, lowers coal stock requirement

09/21/2021 | 05:32am EDT

(Reuters) - China's state planner, the National Development and Reform Commission (NDRC), said on Tuesday it had sent out teams to regions, companies and ports to ensure that energy supply and price stabilisation measures had been implemented.

An NDRC statement did not specify where the supervision teams, which it jointly dispatched with the National Energy Administration, had been sent to. However, it said their work was manly on-site supervision and included a focus on implementing policies to increase coal production and supply.

Top coal consumer China has been striving to boost coal production to meet surging demand as prices for the fuel hit record highs. It has also attempted to rein in high prices for other key commodities, including by releasing state reserves.

In a separate statement, the planner lowered the minimum coal inventory power producers are required to keep during peak demand season to seven days, and a maximum at 12 days worth of use.

It did not give a comparative figure.

"By adjusting lower the coal inventory requirement for peak season. ..it helps to free up supplies and stabilise prices," said the planner.

Last week the country's leading coal associations urged miners and power firms to sign up additional mid-to-long term contracts on top of existing agreements and thermal coal should be prioritised.

(Reporting by Tom Daly, Eve Wu and Chen Aizhu; Editing by Mark Potter and Louise Heavens)


© Reuters 2021
Latest news "Economy & Forex"
02:00pEgypt has strategic sugar reserves sufficient until Jan-Feb - official
RE
02:00pEGYPT HAS STRATEGIC SUGAR RESERVES SUFFICIENT UNTIL JAN-FEB - SENIOR SUPPLY MINISTRY OFFICIAL TELLS TV Interview
RE
01:51pExclusive-Italy and UniCredit close to ending talks over MPS sale-sources
RE
12:49pSaudi Arabia able to produce, integrate new forms of energy - minister
RE
12:46pTop oil exporter Saudi Arabia targets net zero emissions by 2060
RE
11:57aSaudi Arabia able to produce, integrate new forms of energy into economy - minister
RE
11:53aTop oil exporter Saudi targets net zero by 2060
RE
11:44aECLAC ECONOMIC COMMISSION FOR LATIN AMERICA AND : Older Persons' Rights Must Be at the Center of Public Policy Responses with a Human Rights, Gender and Interculturality Perspective
PU
09:57aAramco aims for net zero emissions from operations by 2050, CEO says
RE
08:40aSpain's sabadell says its board has told co-op bank "this is not a transaction that we wish to explore at this moment"
RE
Latest news "Economy & Forex"