Recently, the State Council Information Office held a press conference to publish a white paper entitled "China's Policies and Actions in Response to Climate Change." In an interview with reporters, Xie Zhenhua, deputy director of the National Development and Reform Commission, said that in the current situation of “upside down†in coal, oil, and grain prices, the country will make timely adjustments based on the overall economic and social development. However, he did not give a specific timetable for price adjustments. Analysts also said that due to changes in international market prices and domestic demand and other factors, coal and refined oil prices may be reduced. Oil refinery price alliance has failed Xie Zhenhua said that adjusting the price of resources should make it conducive to resource conservation and environmental protection. Using market methods and using price levers to promote energy conservation and emission reduction is indeed a method that should be actively considered. Because the domestic situation is more complex, the goal of achieving energy conservation and emission reduction according to the market approach is very favorable. At present, the prices of coal, oil and food are somewhat upside down. According to the overall economic and social development, the state will make some adjustments in due course. Recently, the international crude oil futures market reached a record low for 16 months. The global crude oil price has already begun to drop from about US$147 per barrel in July to around US$60 per barrel. According to Yang Hong, an analyst from Oriental Oil and Gas Network, the wholesale price of refined oil in the domestic market has accelerated in the past half month. According to him, yesterday, the wholesale price of gasoline in Shandong was 6,000 yuan / ton, the weekly decline of 5%; the wholesale price of diesel is 5,500 ~ 5,600 yuan / ton, the weekly decline of about 10%. According to reports, the Sinopec joint efforts with local oil refineries in Shandong to stop the drop in oil prices have failed because of the excessive downward pressure on oil prices. Previously it was reported that the price cuts for gasoline, diesel and aviation kerosene were not less than 500 yuan per ton. Yesterday, Yang Hong told reporters once again that "the retail price of refined oil will fall by another 500 yuan per ton." The China Petroleum and Industry Association has told reporters before that it has submitted to the National Development and Reform Commission a proposal to rationalize the energy price mechanism. Two factors make domestic coal prices harder In coal prices, the situation is similar to that of international crude oil prices. Due to the intensification of the global economic recession and the impact of lower international oil prices, the international coal market conditions witnessed a sharp decline again last week. This is also the consecutive fall in international coal prices for the ninth week. On July 4th this year, coal prices in international markets peaked. At the time, the world’s largest coal export port, Newcastle, Australia, had a record high of US$194.79 per ton. However, coal prices have continued to fall and fell back to a 96 US dollars, a drop of more than 50%. Coal industry analysts in China have said that not only will a sharp drop in international coal prices affect domestic coal prices, but more importantly, the weakening of domestic demand will also place tremendous pressure on coal prices. According to data provided by Wang Shuai, chief analyst of the Orient Securities Coal Industry, in August this year, China's thermal power generation growth rate was only 1.8%, while the same period last year, the growth rate reached 13% to 14%. Wang Shuai said that the coal demand has reversed the situation. According to statistics from the Statistics Bureau, the increase in GDP in September accelerated. Some analysts said that due to the restrictions on export trade, a large number of factories were shut down or reduced production, resulting in a decline in demand for electricity, but also affect the demand for coal. However, under the pre-judgment that China's economic growth will continue to slow, it is difficult for domestic coal prices to maintain their current position. However, in an interview with reporters, Wang Shuai also told reporters that it may not be introduced within the year coal price policy. According to statistics from the National Safety Supervision and Administration Bureau's dispatching center, the country's raw coal output in September reached 229 million tons. In August, the national raw coal output was 231 million tons, and September production began to decline. Recently, Energy Foundation, World Wildlife Fund, Greenpeace and other agencies, when they issued a report “The true cost of coal,†pointed out that China’s coal prices did not reflect environmental costs and other factors, so the current price is only its true cost. About 40%. The report also specifically recommended that the coal-electricity linkage system should be abolished. Gantry Welding Machine,Gantry Longitudinal Seam Welding Machine,Plc Control Gantry Welding Machine,Standard Gantry Type Welding Machine Zhengzhou Yueda Technology Equipment Co., Ltd. , https://www.yuedawelding.com
Development and Reform Commission: Adjusting the price of kerosene due to the financial crisis and domestic demand