On August 10, the National Development and Reform Commission of China (NDRC) and the National Energy Administration published the 15th five-year plan for the development of China's coal industry. Accordingly, the share of China's large-scale modern coal mines will reach 87 percent by 2020. 2030.
Market insiders note that the coal supply situation will be even more tense, which is expected to increase the potential for rising coal prices.
According to the 15th five-year coal Industry Development Plan, coal consumption will peak by 2030, and the modern coal industry system will be largely established.
Market insiders stated that coal prices are expected to exceed market expectations, given the improved balance of supply and demand in the domestic market.
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