subject: Coke needs to further lower the prices of coking coal fell space - coke, coking coal - the chemical industry [print this page] Coke needs to further lower the prices of coking coal fell space - coke, coking coal - the chemical industry
China Coking Association data show that China's coke production in 2008 appeared the first time since 1999 a negative growth. Association of coke is expected this year, China coke demand will drop further and may fall to 2.8-2.9 million tons. Decline in demand as coke, coking coal prices are expected to have decreased space. Recently reached agreement on long-coking coal prices in Australia fell last year Liu Cheng.
Coke demand in 2009 is still busy
Coke from China Coking Industry Association, Information Release & run at the market situation analysis of information show that in 2008 China's total coke production of about 327 million tons, up cut about 850 million tons, down about 2.54%, as China's coke production for the first time since 1999, negative growth.
China Coking Industry Association is expected this year, China's coke demand will likely decline from last year's 320 million tons to 2.8-2.9 million tons. Association of coke that domestic crude steel output this year will likely fall, direct and indirect exports of coke will be greatly reduced. It is estimated that China's exports last year, more than 1,500 tons of coke, while the total exports of steel and other metallurgical coke 6000-7000 tons of indirect exports.
Association for gold in the coke dry coke industry in the analysis of the situation this year, said in March there may be China's net imports of steel, while coke exports will decline further. Customs figures show China's steel exports from January to February this year, down 52% year on year, while imports of steel products reached 1.09 million tons, up 25% compared with January, while imports reached 1.09 million tons of steel, up 25% compared with January, mainly rubles depreciation of some countries to increase steel exports and imports cheaper than domestic steel.
The same time, the international Financial crisis Under the impact of shrinking domestic coke market demand, while domestic medium and small coal mines for safety reasons such a large area closed down, medium and large coal resources and a relatively high degree of concentration, making coke and coking coal prices firmer steel prices, resulting in coke production costs will at a high level, the corresponding coking market shrinking, and the price is very low, coking enterprises only meager profit space will be diminished. Gold dry said that with the financial crisis continue to show the world, affecting Economy Factor in the development and coke market will increase, a considerable majority of this year, coking enterprises will continue to live in the loss of hard edges.
Coking coal resources, slowing demand and supply situation
Global crude steel production declined, demand for coking coal decreased. Japan's largest steel company Nippon Steel Corporation and BHP Billiton Mitsubishi Alliance before the 2009 coking coal benchmark price agreed price set at 128-129 U.S. dollars / ton, compared with last year's 300 U.S. dollars / ton significantly decreased by 57%.
Significant downturn in the international iron and steel production is driving on the main reason for continued low demand for coking coal. In recent years, world trade in coking coal in the basic in the 2.3 million tons, and our dependence on overseas coking coal is very low, only some areas such as coastal species on the coking coal shortage of the one point. Association analysis of coke from the coke and the coke consumption will increasingly fall sharply lower export situation is expected to reduce China's demand for coking coal is about 50 million tons, coking coal resources to supply and demand will continue to become loose.
In coke Association believe that cheap imports of high-quality coking coal as part of the local area, individual time stabilize the supply and demand of resources or species transfers, reduce production costs is necessary, but the total coking coal imports will not increased considerably, and with the reduction of domestic coking coal prices, the limited spread of imports.
Present, the domestic parts of the coking coal prices have declined, in the range of 50-100 yuan / ton. Orient Securities analyst Wang Shuai said the price of coal fell mainly due to depressed steel prices, steel prices continued to cut coke output and for the next period of time, if the steel downturn trend to continue, and small coal mines resume production capacity led to the release of coking coal prices will face more downward pressure.
