BLOGS
2020/02/14
Hard rock picks - coal prices fall again, coal-electricity linkage in doubt
With the conclusion of annual thermal coal contract negotiations and the Lunar New Year approaching, the price of thermal coal, which had soared at the end of 2013, has once again experienced a significant collective drop. According to the coal-electricity price linkage mechanism, when the fluctuation in the price of thermal coal exceeds 5%, the on-grid electricity price should be adjusted accordingly. However, no signs of adjusting the on-grid electricity price have been shown since the beginning of the year. Power industry analysts interviewed by the Shanghai Securities News reporter indicated that it may be necessary to wait until March or April 2014 to determine whether the coal-electricity price linkage will be initiated. According to coal market analysts, the new coal sales Price of Shenhua Group, which came into effect on the 24th, is 55...
2020/02/14
Hard rock pick - The domestic coal industry is ushering in four major mode transformations
The steady expansion of the power coal futures market, while further improving the construction of the coal market system, will also gradually change and enrich the ways and modes of coal trade. The coal industry is undergoing four major transformations: business model, profit model, competition model, and development model. Data recently released by the General Administration of Customs shows that China imported a total of 327 million tons of coal in 2013, setting a new historical high. At the same time, according to statistics from the Futures Daily reporter, from the listing of Zhengzhou Commodity Exchange's power coal futures on September 26, 2013, to the end of 2013, there were a total of 64 trading days, with a total trading volume of 8.75 million lots, equivalent to 1.7 billion tons of coal.
2020/02/14
The State Administration of Work Safety and the National Coal Mine Safety Administration recently issued a notice requiring further strengthening of the safety management of explosion-proof diesel-powered rubber-tired vehicles in coal mines, strictly preventing vehicles with problems from entering the mine. It is understood that in recent years, accidents caused by rubber-tired vehicles in coal mines have occurred from time to time. On June 5, 2013, a transportation accident occurred at Lixiu Xinrui Coal Industry Co., Ltd. in Shanxi Province due to an out-of-control rubber-tired vehicle, resulting in 6 deaths. After investigation, the accident vehicle was an eternal brand WC20R explosion-proof diesel rubber-tired vehicle produced by Shanxi Eternal Group Co., Ltd., which failed to strictly follow the requirements for producing mine products safety certification applications, resulting in
2020/02/14
Hard rock pick - Coal industry picture news
In the fourth quarter of 2013, the China Coal Industry Business Climate Index was 96.6, remaining flat for three consecutive quarters; the China Coal Industry Early Warning Index was 63.3, remaining flat for four consecutive quarters.
2020/02/14
Coal-fired power negotiation concludes, long-term agreement price initially set at 568.8 yuan/ton
2020/02/14
Hard rock picks go global: Chairman Niu Zhiping meets with Indian clients
On May 11, 2017, Niu Zhiping, chairman of the board of directors, met with Indian clients in Jinan to discuss international cooperation. In response to the "One Belt, One Road" initiative, to meet the challenges of economic development, create development opportunities, seek new development momentum, and open up new development space, the company is actively deploying countries along the "One Belt, One Road", and actively expanding overseas markets. The company's independently developed "spark-free alloy-protected base self-rotating pick" technology has reached the international advanced level, ranking among the top in the domestic "hard rock pick" market, and has been recognized by many large domestic mining groups. Shandong Jintianniao Mining Machinery Co., Ltd. sincerely welcomes a wide range of domestic
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