With the development of Shanxi's coal market reform, coal electronic transactions are on the rise.
As of Dec 20, a total of 9,615 dealers have registered with the China Taiyuan Coal Transaction Center, up 2,147 as compared with the same period last year, according to the 2015 Coal Trade Fair and Summit Forum held on Dec 22. The dealers are spread across 31 provinces (municipalities and autonomous regions). The center saw online coal trade volume hit 1.3 billion tons, with 652.1 billion yuan ($105.23 billion) in trade value from Jan 1 to Dec 20. This figure includes 1 billion tons by rail involving 534.4 billion yuan and 305 million tons by highway involving 117.7 billion yuan. Payment for goods through the electronic platform stood at 134 billion yuan, with 101.8 billion yuan from rail and 32.2 billion yuan from highways.
The center did a survey on coal resources available for supply for 2015 across Shanxi. The survey showed that Shanxi's available coal resources for 2015 stood at 851 million tons, up 57.33 million tons as compared with 2014. The Taiyuan bureau can contribute 623 million tons, up 42.53 million tons. The Beijing bureau can contribute 68.05 million tons, up 2.62 million tons. The Zhengzhou bureau can contribute 160 million tons, up 12.18 million tons.
Fu Jianhua, vice-governor of Shanxi, pointed out that the province has carried out coal and coke highway sales system reform based on the national coal charge standardization. Shanxi has revoked coal and coke highway sales management authorization to relevant enterprises and withdrawn highway inspection points for coal and coke. The significant reform would have a deep influence and show Shanxi's determination in revitalizing the coal industry.
Qu Jianwu, director of the coal trade center, said that Shanxi's coal system reform will play a positive role in speeding up coal trade modernization. As a third-party platform, the center will make full use of information and spot trading facilities to realize fair bidding, scientific trade and consumption, advance marketized transactions, and strong service innovation.
Edited by Michael Thai
