The Shanxi Coking Industry Association has increased its coke guidance price for February by 50 yuan/tonne on month to 2,000 yuan/tonne. The Association gave a price surge in the upstream sector as its reason for the increase although analysts say that a reduction in capacity caused by the closure and merger of coal mines in the Shanxi region is the main factor.
On Tuesday the leading coking coal producer in China, Xishan Coal Electricity Group, raised the price of coking coal from 1,215 yuan/metric tonne in January to a record high 1,365 yuan/tonne in February.
Showing posts with label Shanxi Coking Coal. Show all posts
Showing posts with label Shanxi Coking Coal. Show all posts
Wednesday, February 10, 2010
Monday, February 8, 2010
Shanxi Coking Coal Sales Show Slight Increase For 2009
Shanxi Coking Coal Group has its production figures for 2009.
Raw coal production was 80.7884mln tons, up 497,400 tons or 0.62%, while fine coal output was 34.76mln tons, up 7.28% on the original plan. The company had sales revenues of 75.65bln yuan (approx. $10.5 billion), an increase of 5.37% with the tax payments expected to reach 15bln yuan, equal to last year's figure.
During 2009 the company integrated 170 coal mines and added coal reserves of 6.99bln tons. In 2010, the company targets for raw coal output of over 100mln tons and sale revenues of more than 100bln yuan ($14 billion).
Raw coal production was 80.7884mln tons, up 497,400 tons or 0.62%, while fine coal output was 34.76mln tons, up 7.28% on the original plan. The company had sales revenues of 75.65bln yuan (approx. $10.5 billion), an increase of 5.37% with the tax payments expected to reach 15bln yuan, equal to last year's figure.
During 2009 the company integrated 170 coal mines and added coal reserves of 6.99bln tons. In 2010, the company targets for raw coal output of over 100mln tons and sale revenues of more than 100bln yuan ($14 billion).
Tuesday, January 5, 2010
Shanxi Coke Hikes Coke Guidance Price
Affected by the increase in steel products and the coking coal price, at the beginning of 2010, the Shanxi Coking Association has adjusted the coke guidance price. On January 4, reporters learned that coke price including tax for January is 1,850 yuan per ton, up by 100 yuan per ton than December, 2009.
Reporters learned that in December, Shanxi Shandong Coking Association raised the coke guidance price by 50 yuan per ton, reaching 1,750 yuan per ton.
An expert pointed out that if the coke price is lifted once more, the growth rate has reached 100 yuan per ton, which means that insiders are optimistic about the future of the steel industry.
Reporters learned that domestic steel price index this week will rise slightly, up by 1.5%.
It is said that currently steel mills' coke stockpiles are not high. The demand from the market is strong, coking enterprises are operating with full capacity, and they are not holding much inventory with smooth deliveries.
Source: Alibaba
Reporters learned that in December, Shanxi Shandong Coking Association raised the coke guidance price by 50 yuan per ton, reaching 1,750 yuan per ton.
An expert pointed out that if the coke price is lifted once more, the growth rate has reached 100 yuan per ton, which means that insiders are optimistic about the future of the steel industry.
Reporters learned that domestic steel price index this week will rise slightly, up by 1.5%.
It is said that currently steel mills' coke stockpiles are not high. The demand from the market is strong, coking enterprises are operating with full capacity, and they are not holding much inventory with smooth deliveries.
Source: Alibaba
Wednesday, October 21, 2009
Shanxi Coking Coal Prices Stable
It is reported that Shanxi coking coal market has been stable recently. With the autumn holiday gone, production is being resumed steadily, and the price of coking coal remains stale. Demand for coking coal has increased as the steel market has just shown a little improvement.
In Hebei province, more deals have been made in the coke market than before, though the coke price has remained unchanged in the past week. In Taiyuan, Shanxi province, the ex-factory price of clean coal price remains at CNY 1,120 per tonne to CNY 1,150 per tonne. In Xinzhou, the clean coal ex-factory price remains at CNY 1,200 per tonne to CNY 1,250 per tonne. In Linfen, where the resumption of coal production has been comparatively slow, the clean coal ex factory price has stayed at CNY 1,250 per tonne to CNY 1,300 per tonne. As coking coal resources are tight, price of coking coal still remains robust.
Generally speaking, coke plants still suffer from high production costs, for the coking coal price remains high. The coking coal market is expected to be flat in late October with price stable as a whole.
Source: Steel Guru
In Hebei province, more deals have been made in the coke market than before, though the coke price has remained unchanged in the past week. In Taiyuan, Shanxi province, the ex-factory price of clean coal price remains at CNY 1,120 per tonne to CNY 1,150 per tonne. In Xinzhou, the clean coal ex-factory price remains at CNY 1,200 per tonne to CNY 1,250 per tonne. In Linfen, where the resumption of coal production has been comparatively slow, the clean coal ex factory price has stayed at CNY 1,250 per tonne to CNY 1,300 per tonne. As coking coal resources are tight, price of coking coal still remains robust.
Generally speaking, coke plants still suffer from high production costs, for the coking coal price remains high. The coking coal market is expected to be flat in late October with price stable as a whole.
Source: Steel Guru
Thursday, July 17, 2008
China's Coke Exports To Top 14 Million Tonnes
China is expected to export 14 million to 15 million tonnes of coke each year to 2010, an executive at China's top coking coal producer has told a conference - roughly in line with recent export levels.
Liu Jianzhong, deputy general manager of Shanxi Coking Coal Group, also said the coke supply gap in the international market had reached 7.5 million tonnes in 2007, but there would be a surplus of 12 million tonnes by 2011, due to expected new supply from Australia.
Domestic coke prices will continue to rise in the third and fourth quarters of this year, by another 200 to 300 yuan ($US29 to $US44) a tonne, due to tight supply, Mr Liu said.
China's coke price has surged this year, with the export price for first-grade metallurgical coal jumping more than 50 per cent to over $US700 a tonne.
Source: Business Spectator
"Coke prices will definitely continue rising," he said, adding that the supply of coking coal, the key input for coke production, had been very unstable in Shanxi, China's top coal- and coke-producing province.
More than half of China's coking coal resources are controlled by small mines, many of which have been closed as the government pushes small and dangerous mines out of business in a safety campaign.
Beijing this week issued the second batch of coke export quotas for the year at 2.39 million tonnes, bringing the total so far this year to 12.01 million tonnes, just shy of last year's amount.
Shanxi Coking Coal Group is the parent of Shenzhen-listed Shanxi Xishan Coal and Electricity Power and Shanghai-listed Shanxi Coking Co .
Liu Jianzhong, deputy general manager of Shanxi Coking Coal Group, also said the coke supply gap in the international market had reached 7.5 million tonnes in 2007, but there would be a surplus of 12 million tonnes by 2011, due to expected new supply from Australia.
Domestic coke prices will continue to rise in the third and fourth quarters of this year, by another 200 to 300 yuan ($US29 to $US44) a tonne, due to tight supply, Mr Liu said.
China's coke price has surged this year, with the export price for first-grade metallurgical coal jumping more than 50 per cent to over $US700 a tonne.
Source: Business Spectator
"Coke prices will definitely continue rising," he said, adding that the supply of coking coal, the key input for coke production, had been very unstable in Shanxi, China's top coal- and coke-producing province.
More than half of China's coking coal resources are controlled by small mines, many of which have been closed as the government pushes small and dangerous mines out of business in a safety campaign.
Beijing this week issued the second batch of coke export quotas for the year at 2.39 million tonnes, bringing the total so far this year to 12.01 million tonnes, just shy of last year's amount.
Shanxi Coking Coal Group is the parent of Shenzhen-listed Shanxi Xishan Coal and Electricity Power and Shanghai-listed Shanxi Coking Co .
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