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How do trading companies sign long-term coal contracts?
It shouldn't. Xie Chang coal refers to the coal that has signed a long-term supply contract at the agreed price. It is not only the "ballast stone" in the coal market, but also the "main force" to meet the demand for coal in key areas of people's livelihood such as power generation and heating.

It is reported that in order to strengthen the credit supervision of coal purchase and sale contracts in Xie Chang, the National Public Credit Information Center and the National Coal Trading Center jointly developed the Xie Chang Coal Flow Supervision Information System, which changed the past monthly report into weekly report, and changed the past unilateral report into simultaneous report by both the supply and demand sides, further expanding the responsibilities and obligations of both the supply and demand sides. In addition, illegal acts such as fraud will be publicized to the public on the website of Credit China, and punishment will be imposed according to laws and regulations.

In 2022, the National Coal Fair 65438+opened in Rizhao, Shandong Province on February 3, and 34 coal upstream and downstream enterprises signed long-term coal contracts. These coals will be used for power generation and heating, which will help to achieve stable supply and prices and stabilize market expectations.