As weak downstream demand, and coal prices upside down, the country's largest coking coal producer Shanxi Coking Coal Group has decided to cut prices to 500 yuan per ton of coking coal confirmed the news.
11 4, Shanxi Coal Industry Bureau, deputy inspector Hou Wen-Jin in 2009 on the Coal Market Summit said the group's price cuts coking coal will be around 30%, of which coking coal from the present 1,800 yuan / t price reduction from 500 to 1300 yuan / ton, while others may be higher coking coal price cut.
Learned, on the same day was held in Haikou Coking Coal Group, the national user forum, the forum is expected to be announced after the price cut decision. Previously, coke Group has visited China one after another major steel prices, steel prices coking coal price reduction demands a strong voice, and because the lower limit of the steel and coke industries cut production has intensified, the demand to make coke Group has decided to significantly reduce large price cuts.
Coking Coal Group, the nation's largest and most complete coking coal producers, the group pricing on coke coke enterprises has been the national benchmark pricing. The industry believes that the prices have gone Coking Coal Group, is expected to quickly follow the trend of other coal companies will lower prices. Mainly due to lower coke price reduction
coke and steel industry to reduce demand. According to the statistics in September of crude steel, pig iron production were down year on year by 9.1% and 5.1%, which is since 1982, crude steel production for the first time negative growth. The coke has cut 9.9% in September, sales dropped 11.47% more. After entering in October, steel and coke industry, a greater yield reduction, many steel companies have stopped because the higher stock of foreign mining coke and coking coal.
Slump in the steel industry makes the recent focus of coal thermal coal prices drop more than that since August after the peak price of coking coal, has an accumulated drop of 300-400 yuan / ton. October 30, ancient cross, Qinyuan, Liu L, xiangning etc. Hang Hau price down 100 yuan / ton; and Xingtai, Linfen and other places of ancient cross and coke coal Juban Jia also lowered 100-200 yuan / t .
The international financial crisis was seen as a new round of coal "winter" of the crime of helmet culprit. Coal Transportation Association, Wu Cheng-hou, the consultant, after lower demand although the whereabouts of certain expectations, but certainly did not expect to be so serious. Downstream of coal, steel, electricity, chemicals in the September month have also experienced .
Development and Reform Bureau of Economic Operation Department of the officials of coal, said: "real estate, heavy industry investment and exports iron and steel industry in the three major driving force are reduced, resulting in 'steel - coking - coal' industry chain and metallurgical coal markets are more big impact. " Secretary General of the Chinese coke
also pointed out that the brunt of the financial crisis, so that coking industry is facing severe challenges, the current steel, coke price decline of fierce or fast speed, unprecedented decline in the big market.
With chain transmission to the upstream, coking coal price cut also a matter of time and magnitude of the problem. Hebei Handan a coking company executives told this reporter that the price of coke should be 1100-1200 Yuan / ton was reasonable to reverse the coke inversion anomaly. Hou Wen-Jin also pointed out: "There is skyrocketing there must fall, fall is moderate and reasonable."
It is understood that coking coal prices rose more than doubled this year, Shanxi Coking Coal Group, in 2007 the basic price of 700 yuan / ton, to the order at the end of the year rose to more than 900 yuan per ton. And into 2008, coking coal price is soaring to the highest in August rose to 2,100 yuan / ton.
In addition to accelerating price cut coking coal, thermal coal prices are down, only a relatively small margin. All the coal industry has entered a downward passage into the coal market consensus of Summit. Shanxi Province, the train transporting coal out of the amount of data, for example, in July shipped 18,900 cars, 17,400 cars in August, only 16,000 cars in October. Hou Wen-Jin said: "This is a decline in demand downstream signal, multiple pressure port only, no demand in the lower reaches of the Port in case of force would only increase prices and debt."
Prevent long delay payment of funds of coal enterprises strand breaks is the bottom of the last round of the lessons of the coal industry. According to designate Wenjin said the relevant government departments in Shanxi Province recently issued a document, require any credit allowed coal companies to sell coal to prevent the formation of new arrears, back then when the coal industry downturn led to a vicious cycle of debt. I am a professional writer from China Textile and Leather, which contains a great deal of information about cat5e cable stranded , cat5e stranded cable, welcome to visit!
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