Research On The Coal Price Problem And Countermeasures Of China

China is a country with coal as main energy. Coal occupies a very large proportion in the energy production and consumption structure of China. But as an important basic energy and chemical raw materials, there are many problems in the coal price mechanism of China nowadays. For example:The price of coal can not reflect the market supply and demand truly. Coal price is lower than other energy includes oil and gas. The contradictions between coal and power enterprise still unable to get resolved. These problems have become a headache that our country has not solved for many years.It indicates the key resons of the problems in this paper on base of analysis for the coal price problem in China. Include of lacking of ecological compensation mechanism in China's coal price, it did not add the environmental costs into the coal price; there are institutional conflicts between the coal and the electric; the market degree of coal is low and there are some price game between the big coal and the small ones.China implemented some related policies and solutions to solve these problems. Including launch the linkage of coal and power; cancel the coal ordering meeting; promote the reform of the coal marketizing; promote the integration of coal resources and etc. In this paper, these policy measures had been systematic exposition. On base of the analysis of those policies and solutions, this article indicated the status of coal prices. Includes fluctuations random is large, too disorder, and the price is still low. Then it analyzed the effects of these policy measures in this paper. It concluded that with the gradual implementation of this series of policy, China's coal price is gradually returning to the level of its reasonable value, but it can not reflect the market supply and demand perfectly right now, the conflict between coal and power has not been solved fundamentally.Finally, this article proposed a new method for the problem of coal price, that is to launch the coal futures. Then there is a necessity and feasibility analysis for it. In terms of necessity:firstly, Through the elaboration of the basic functions of futures, showed that releasing coal futures is necessary. Secondly, promoting coal futures is not only the needs of China's coal market-oriented reforms, but also the needs of protecting the safety of China's energy. Finally, through the analysis to the development of domestic and international coal futures and the experiences and lessons, this article pointed out that launch coal futures in China once again is necessary. In terms of feasibility, it is analysed from three aspects:the general conditions for launching futures, the maturity conditions in the coal market of China, and the challenges and potential problems launching coal futures.Based on these studies above, the paper elaborated the impact that will be bringed after launch coal futures from three aspects, includes coal production companies, coal demand enterprises, and the coal price. Overall, it is benefit for the coal supply and demand sides to avoid price risk, it is also a good way to solve the conflict between the stakeholders related to coal industry currently and guide coal price become more reasonable, it has a strong practical significance.