National Development and Reform Commission: China's coal reserves will be further expanded. The overall goal is to form a coal reserve capacity of about 600 million tons.

According to the latest news from the China National Development and Reform Commission on Friday (July 16), China is promoting the building of coal reserve capacity, with the overall goal of creating a coal reserve capacity equivalent to 15% of annual coal consumption and about 600 million tons in the country. Among them, the government can dispatch no less than 200 million tons of coal reserves, which are directly dispatched by national and local governments, and the other 400 million tons are enterprise inventories, which are adjusted through the minimum and maximum inventory system.

After years of construction, 100 million tons of government dispatching reserve capacity has been formed. in terms of layout, coal storage bases are mainly distributed in coal production distribution centers, consumption concentration areas, major railway transport nodes and loading and unloading ports. In terms of policy, the state arranges an annual investment of 1 billion yuan in the central budget to support the construction of reserve facilities, together with other support policies, to fully mobilize the enthusiasm of all parties to build coal reserves. In terms of management, we should establish a reserve management information system and a reserve utilization and release mechanism to realize the "national network" of dynamic monitoring and dispatching management of the reserve base. to ensure that in key periods and key nodes can play a timely and effective role in increasing supply, stabilizing prices and ensuring urgent needs.

In the next step, we will speed up the construction of a reserve capacity of more than 100 million tons, and at the same time promote more coal storage in the reserve facilities that have already been put into operation, strengthen management, speed up turnover, and ensure that coal reserves can play a role in a timely and effective manner.

After years of construction, China has formed a government-dispatchable coal reserve capacity of 100 million tons, according to a person in charge of China's National Development and Reform Commission, it was reported yesterday.

In terms of layout, coal storage bases are mainly distributed in coal production distribution centers, consumption concentration areas, main railway transport nodes and loading and unloading ports. In terms of policy, the state arranges an annual investment of 1 billion yuan in the central budget to support the construction of reserve facilities, together with other support policies, to fully mobilize the enthusiasm of all parties to build coal reserves. In terms of management, China has established a reserve management information system and a reserve utilization and release mechanism to realize the "national network" of dynamic monitoring and dispatching management of reserve bases. to ensure that in key periods and key nodes can play a timely and effective role in increasing supply, stabilizing prices and ensuring urgent needs.

The relevant person in charge of the National Development and Reform Commission said that in the next step, it will speed up the construction of a reserve capacity of more than 100 million tons, and at the same time promote more coal storage in the reserve facilities that have been put into operation, strengthen management, speed up turnover, and ensure that coal reserves can play a role in a timely and effective manner.

It has been learned from the Economic Operation Regulation Bureau of the National Development and Reform Commission that since the beginning of this year, the state has successively released more than 5 million tons of national coal reserves to the market four times according to the needs of coal supply and demand.

In order to do a good job in ensuring coal supply to meet the peak and spend the summer, according to monitoring and analysis, the National Development and Reform Commission has formulated a reserve release plan in advance, with a scale of more than 10 million tons, mainly distributed in dozens of coal storage bases and relevant ports throughout the country, and can be put on the market at any time as needed. In the next step, according to the changes in the supply and demand situation, coal reserve resources will be organized in batches and put into the market in an orderly manner to ensure a stable supply of coal.

At present, the country has built more than 100 million tons of government-controllable coal reserve capacity, and the reserve base currently stores about 40 million tons of coal.

Recently, the Operation Bureau of China's National Development and Reform Commission held an on-the-spot meeting on coal reserve capacity building in Jining, Shandong Province. The meeting pointed out that strengthening coal reserve capacity is an important measure to promote the dynamic balance between supply and demand in the coal market and ensure national energy security. The meeting demanded that all localities and central enterprises adhere to bottom line thinking, focus on building a long-term mechanism for coal supply guarantee, continue to speed up the construction of government coal reserve facilities, further refine and implement plans, improve and improve the mechanisms for information monitoring, operation management, and reserve transfer, unswervingly accomplish the task goal of capacity building for coal reserves, and promote the formation of a coal reserve system with flexible regulation and strong guarantee. The meeting asked all localities and central enterprises to continue to speed up the construction of government coal reserve facilities, and made arrangements for the next step in the construction, management and dispatching of government coal reserve facilities, as well as coal supply during the summer.

On April 12 this year, the National Development and Reform Commission of China issued a notice on doing a good job in the construction of coal reserve capacity in 2021 at the "accelerated" level, requiring the country to arrange for the formation of a government dispatchable coal reserve capacity of more than 120 million tons. Among them, an additional inventory task of 60 million tons has been assigned to 28 provinces (autonomous regions and municipalities), and central enterprises have undertaken 60 million tons and strive to reach 70 million tons. Through the construction of the government's dispatch coal reserve capacity, it will lead to the increase of commercial reserves, and strive to form a commercial reserve capacity of about 400 million tons by the end of the year.