CECI Import Index Seminar was held in Hainan

On September 24-25, the CECI Import Index Seminar was held in Haikou. Yu Chongde, Vice President and Secretary General of China Electricity Council, and co-chairman of the Fuel Branch of CEC attended the meeting and delivered a speech. The meeting discussed the improvement and expansion of the imported coal index and other CECI indexes.

In recent years, the supply and demand situation of the domestic coal market has been tight. With coal prices maintaining at high levels, the profit of the coal power sector has fallen sharply, and coal power enterprises have seen continuous loss for years, resulting greater pressure on the safe and stable supply of power and heat. Affected by factors such as reduced supply and strict control of imported coal in this year, the supply and demand situation has become more severe and complex, with price fluctuations more violent than in previous years. The coal supply for power generation in the eastern coastal areas and northeast regions will see more severe shortages than previous years.

The experts spoke highly of the CECI index. As the only price index on the domestic thermal coal purchasing side, CECI has been included in the annual coal contract pricing system for three consecutive years. More and more coal consumers, trading companies and power users adopted CECI Index as the basis of pricing for their monthly and spot procurement.