China Pingmei Shenma Group held the Electric Coal Long-term Association Customer Symposium and the 2021 Long-term Association Signing Ceremony. 15 Nov 2020

On the morning of October 30th, China Pingmei Shenma Group Electric Coal Long-term Association Customer Symposium and 2021 Long-term Association Signing Ceremony were held in Xincheng District. Pan Shuqi, director of the Safety Supervision Bureau of China Pingmei Shenma Group, attended the meeting. Group thermal coal customers such as State Power Investment Corporation Henan Electric Power Co., Ltd. and Datang Henan Power Generation Co., Ltd. attended the symposium.


In recent years, China Pingmei Shenma Group has insisted on characteristic transformation and development, and has built a new industrial system with coal coke, nylon chemical industry, new energy and new materials as the core and diversified and coordinated development. Put forward higher requirements for coal sales. China Pingmei Shenma Group adheres to the development of high-quality customers, and by improving the quality of long-term agreement performance, it ensures the normal production of China Pingmei Shenma Group and the efficient unity of meeting customer needs. In 2020, China Pingmei Shenma Group and strategic customers signed a total of more than 10 million tons of thermal coal long-term agreement. Under the impact of the new crown pneumonia epidemic and the impact of the economic downturn, in the first nine months of this year, the fulfillment rate of China Pingmei Shenma Group's Provincial Governors Association's customer contracts was 90%. It has reached the long-term agreement performance standards required by the Henan Provincial Development and Reform Commission.


Shuqi Pan delivered a speech. He said that we continue to uphold the concept of "growth with customers" and deepen strategic cooperation with customers. It avoids short-term market behavior and creates a relatively stable market environment for all companies. Especially since the beginning of this year, in the face of the sudden impact of the epidemic, we have insisted on giving priority to long-term cooperation with customers and supplying major resources to major customers and high-quality resources to high-quality customers. Withstood the test of market price increases and withstood the pressure of market price reductions. And through various channels to ensure the normal production of Changxie customers under extreme conditions, and practice the long-term cooperation philosophy with practical actions.


Pan Shuqi said that with the deepening of China's Pingmei Shenma Group's large-scale clean coal strategy, the total supply of thermal coal will maintain a downward trend. However, in order to meet the needs of new and old customers and maintain a long-term cooperative relationship, we still insist on using 90% of the thermal coal resources through long-term cooperation. At a relatively stable price, supply to major long-term customers. He hopes that everyone will cherish cooperation opportunities and continue to write a new chapter of long-term cooperation in the new year. 


At the meeting, China Pingmei Shenma Group and thermal coal customer representatives signed the 2021 Thermal Coal Long-Term Association Framework Agreement.