Recently, the National Energy Administration organized a coal work symposium in Beijing to arrange the deployment of tasks for 2014. The meeting revealed that due to the limited space for coal demand growth, the key work of the coal industry in 2014 was to accelerate the structural adjustment of the coal industry, vigorously change the development mode, and promote the healthy and stable development of the coal industry.
For the integration of resources in the coal industry, the national level has always actively encouraged private capital to participate in the energy fields such as coal and electricity. However, some experts pointed out that private capital has great potential in the process of China's economic development in the future, but at present it has a large amount of private capital. Participating in the coal industry makes it difficult for the industry to get promoted faster, but should involve private capital in the segmentation of the coal industry. This will not break the existing development pattern of the coal industry, but also better play the role of private capital.
Ren Haoning, a senior researcher at China Investment Consulting, said in an interview with the Securities Daily that from the perspective of the current development of the coal industry, private capital does not need to enter the coal industry in large quantities. Although the decision-making layer proposed to encourage private capital to enter the energy field such as coal to break the monopoly of related industries, the actual effect is difficult to reflect, and the coal industry has shown signs of a downhill trend, and the integration of resources in the coal industry. The entry of private capital will not play a big role.
Ren Haoning believes that after the analysis of the coal industry in 2013, the current development of the coal industry has the following characteristics: First, the establishment of the coal base is designed by the government; secondly, the general trend of the coal industry is stable and will not fall. In the same stage as the previous “Golden Decade”, once again, the main body of the coal industry resource integration, merger and reorganization process is the state-owned enterprises and private enterprise giants, and the entry of private capital may have side effects.
For the private capital should help and promote the development of the coal industry, Ren Haoning believes that the simplest way for private capital to promote the integration of the coal industry is to let the private capital participate in the coal industry in the logistics distribution, coal washing and coal preparation stage. In the integration of resources, mergers and acquisitions, it is not suitable for the participation of the entire industrial chain and a large number of private capital.
Ren Haoning further stated that after some private capital enters the coal industry, it will exert certain pressure on existing state-owned enterprises and central enterprises. This pressure mainly comes from price competition. In the coal market last year, a special kind appeared. Phenomenon, the price game between private enterprises, state-owned enterprises, central enterprises, foreign-funded coal enterprises and power companies is fierce, which also makes coal prices develop in a more market-oriented direction.
“Because the power of private capital is still very weak, private capital will not have a big pulling effect on the relevant sectors after entering the coal industry, but in some sub-sectors involving private capital, such as coal transportation, coal washing, coal preparation. The listed companies may get new development opportunities.” Ren Haoning stressed.
In addition, for the development trend of China's coal industry in the future, the National Energy Administration pointed out that although the total domestic energy consumption will increase, in order to promote energy conservation and emission reduction, strengthen air pollution prevention and control, control the total coal consumption, and promote the energy production and consumption revolution. There is limited space for growth in coal demand. However, as the development of new energy and renewable energy is affected by factors such as technology and economy, it is difficult to increase the total amount of coal in the short term. In the next period, coal will continue to increase as the main energy source in China.