当前位置:首页 >> 能源/化工 >>

China’s coking industry in 2015(China Coking Industry Association)


China’s coking industry in 2015 and prospects in 2015

?Unprecedented challenges for China’s coking
industry given the in-depth adjustment of China’s economic growth ?Competiti

veness, capacity in risk control and seizing new opportunities of coking enterprises are

examined

China’s coking industry
1. Slow growth rate of iron 823 million tons of crude steel output in 2014, an increase by 43.66 million tons and 0.89% compared with 2013; 712 million tons of pig iron output, an increase by 2.63 million tons and 0.5% compared with 2013; 477 million tons of coke

output, almost same with 2013, growth rate drop by 8%
Coke output by iron, steel and coke producing enterprises was 125.402 million tons, a decrease by 3.66%, growth rate drop by 6.86% compared with 2013; coke output by coke producing companies 351.508 million tons, an increase by 1.32%, growth rate drop by 8.78% compared with 2013; in 2014, total coal tar output was 19.60 million tons, crude benzene output was 4.9 million tons, methyl alcohol made by coke oven gas was 5.9 million tons, less than 2013

China’s coking industry

China’s coking industry

Proportion of coking coal output of North China and North West China of the total coking coal output in China from 2005-2014
China NC 2005 49 2006 48 2007 47 2008 43 2009 43 2010 41 2011 41 2012 41 2013 40 2014 38 16

NWC

4

6

7

7

6

9

10

12

14

China’s coking industry
1.5%;From Jan to Feb, crude steel output was 130 million
tons, a year-on-year drop by 1.5%; pig iron output was 119 million tons, a year-on-year drop by 0.02%; coke output was

74.17 million tons, a year-on-year drop by 2.84%.Sichuan,
Yunnan and Fujian dropped by 26%, 25% and 24% respectively. Chongqing drop by 11.55%, Tianjin, Shanxi, Jilin, Jiangxi and Hubei drop by more than 5%

China’s coking industry
2. Noticeable increase of coking coal export, stable export and import of coke products According to the National Bureau of Statistics, China’s total import and export value was 4.3 trillion USD in 2014, an increase by 3.4% compared with 2013; export, 2.34 trillion USD, an increase by 6.1% compared with 2013; import 1.96 trillion USD, an increase by 0.49%, deficit between export and import was 382.5 billion USD Export of rolled steel was 93.78 million tons, an increase by 50% compared with 2013; import of rolled steel was 14.43 million tons, an increase by 2.5%, net export 84.08 million tons, a record high.

China’s coking industry
Coke export was 8.5616 million tons in 2014, an increase by 83.25% compared with 2013; average price of exported coke was 200.89 USD/ton, down by 17.25 compared with 2013; top three countries that import coke from China are India, Japan and Brazil, with 2.22 million tons, 2.12 million tons and 630 thousand tons respectively. Shanxi exported most coke, reaching 7.636 million tons, taking up 89.8% of the total. Despite noticeable growth of coke export, it only takes up less than 2% of total output. The drop of export price was caused by domestic price decline and limited international demand.

China’s coking industry
From Jan to Feb, rolled steel import was 2 million tons,
down by 13.4% compared with last Jan to Feb; rolled steel export was 18 million tons, up by 56.3% compared with last Jan to Feb Crude steel export was 16.84 million tons; coke export

was 1.6308 million tons, up by 26.54; average price of
exported coal 174.04 USD/ton, down by 27.95%

China’s coking industry
Purified benzene import was 600 thousand tons, down
by 32.16 compared with 2013; needle coke import was 49,600 tons, down by 29.9%; methyl alcohol import was 3.94 million tons, down by 13.22%; ammonium sulfate export was 3.65 million tons, up by 34.19%; coal tar

export was 570,000 tons, up by 280%; demand and
supply is a major determinant of price. Huge potential

for coal chemical products.

China’s coking industry
3. Buyer’s market for coking coal Total raw coking coal output was 1.362 billion tons in 2014,down by 3.75%; washed coking coal output was 520 million tons, down

by 6%.
Coking coal import was 62.44 million tons in 2014, down by 17.21% compared with 2013;imported coking coal price was

103.3USD, down by 20.15%.
Demand of coking coal is stagnant in domestic market due to low steel price, financial strain and amounting stock.

China’s coking industry
Buyer’s market has formed despite the promulgation of bailout policies at state and provincial level and the adjustment of import tariff, driven by abundant coking coal in domestic and international

markets.
From Jan to Feb in 2015, imported coking coal was 7.98 million tons, a year-on-year decrease by 1.26 million tons and 13.68%.

Average price is 90.37USD/ton, a year-on-year drop by 40 USD and
30.23%

China’s coking industry
Price of coking coal
2000 1800 1600 1400 1200 1000 800 600 400 200 0

焦肥精煤( 元/ t )

配精煤( 元/ t )

08

5 8 11 2 7 10 20 10 4 7 10 20 11

4 7 10 20 12

4 7 10 20 13

4 7 10 20 14

Cleaned and coking coal RMB/ton
Year

2008 1324

2009 1160

2010 1350

2011 1498

2012 1419

2013 1220

4 7 10 20 15

20

2014 981

Price

China’s coking industry
4.Deepened imbalance between supply and demand in coke market that drives down price Constant drop of coke price from coke producing enterprises from 2011-2014 ; In 2011, average price of coke( > 40 millimeter) 2122RMB/ton, average price of coke 1257RMB/ton in 2014, drop by 865RMB, 40.76%

Two reasons: supply far exceeds demand; low industrial
concentration, poor self-constraint and adjustment capacity, unfair competition

China’s coking industry
In March 2015, coke (>40 millimeter) price index was 213.78, a year-on-year drop by 39.32, down by 8.07 compared with previous season, average price 1086 RMB/ton, a year-on-year drop by 15.55%, highest price 1430RMB/ton, lowest price 900RMB/ton;

drop by 170RMB/ton compared with the average price last year
Coke (≥25-40 millimeters) price index 203.87, a year-on-year drop by 42.44, down by 9.16 compared with the previous season,

average price 1001RMB/ton, a year-on-year drop by 17.41%,
highest price 1380RMB/ton, lowest price 800RMB/ton

China’s coking industry
Coke price index trend
650 550 450 350 250 150 50

> 4 0 m m 价格指数

≥2 5 - 4 0 m m 价格指数

4

7 10

4

7 10 20 10

4

7 10 20 11

4

7 10

4

7 10 20 13

4

7 10 20 14

4

Metallurgical coke price Yuan/ton year >40mm >25mm 2008 2146 2057 2009 1712 1627 2010 2036 1920 2011 2122 2061 2012 1911 1764 2013 1606 1492 2014 1257 1181

7 10 20 15

08

09

20

20

20

12

China’s coking industry
Coal tar and crude benzene price development trend
800 700 600 500 400 300 200 100 0

煤焦油价格指数

粗苯价格指数

20 6 09

7 10 20 10 4

1 20 0 11

7 10 20 12

7 10 20 13

7 10 20 14 4

Coal tar and crude benzene price Yuan/ ton Year Coal tar Crude benzene 2008 2510 4699 2009 2004 3053 2010 2828 4808 2011 3009 2123 2012 2525 6319 2013 2556 7000 2014 2288 6066

7 10 20 15

4

7

4

4

4

China’s coking industry
5. Low growth rate and profitability of coke industry will remain More than 40% of business lose in general. In 2014, the total profit of industrial enterprises above designated size was 5620.8 billion RMB, a 5.3% rise year-on-year; accumulated loss of enterprises above designated size in coke industry was 2.48 billion RMB. Loss of 229 enterprises reaching 17.1 billion RMB, 46% of the entire industry is losing, debt 572 billion RMB of enterprises, year-on-year increase by 2.73%, debt rate 77.43%; net due income of all enterprises in coke industry was 65.367 billion RMB, rise by 25.33% year-on-year, Widening gap in profitability, finance and overall operational status between coke producing enterprises.

China’s coking Industry
From Jan to Feb in 2015, profits of enterprises above designated size reached 745.24 billion RMB, a year-on-year decrease by 4.2%; large and medium-sized steel enterprises lost 3.354 billion RMB, a year-on-year increase by 193 million RMB, profitability rate is minus 0.68%; enterprises have 474.9 billion RMB to pay, a year-onyear rise by 5.42%. Chain debt is an issue. Coke producing enterprises above designated size lost 2 billion RMB, a year-on-

year increase by 20 times. More than 300 enterprises are operating
at a loss, taking up 48% of all enterprises .

China’s coking industry
6. Construction of new projects not effectively controlled 43 new coking furnaces in 2012, 27.75 million tons capacity, 43 in 2013, 26.6 million tons capacity, 21 in 2014, 13.52 million tons capacity. In addition to the lack of scientific decision, information asymmetry,

unchecked construction, poor implementation of
industrial policies, energy and environmental protection policies and macro-control measures are the key.

Development trend of coking industry in 2015

1.Deepening adjustment of global economy According to the IMF, OECD and World Steel Association, global economic growth rate is expected to be around 3%. Global steel consumption will not be less than 2014.

Development trend of coking industry in 2015
China’s trade frictions will not be resolved shortly. The
contribution to economic growth of export has been in decline. Consumption to 54.4% GDP growth, investment 48.5%, export

2.9% in 2014; From Jan to Feb, total value of export and import
618.2 billion, a year-on-year decrease by 2.3%. Export value 369.4 billion RMB, an increase by 15%, import value 248.8 billion RMB, down by 20.2% year-on-year

Development trend of coking industry in 2015

2. Pros and cons of China’s economic growth
2015 key year for realizing the goal of well-being society Structural adjustment and quality improvement as key; adoption of proactive fiscal policy and moderate monetary policy Economic growth rate lowered to 7%, increase volume 800 billion RMB per year due to large base, even higher than five years ago when economic growth rate was 10%

Development trend of coking industry in 2015
Industrial and infrastructure upgrade, energy
conservation and environmental protection, huge potential for urbanization and modernization Good investment conditions, debt only taking up 40% of GDP(100% in US, 227% in Japan, 86.9 in the EU on

average) huge room for proactive fiscal policy by
Chinese government

Development trend of coking industry in 2015
China’s savings rate nearly 50%, private sector
investment can be triggered by government investment; Investment requires the import of technologies, equipment and raw materials, China possessing 4 trillion USD of foreign exchange reserve Optimization of economic structures, increased proportion of tertiary industry, industries with high

added-value and low carbon emissions

Development trend of coking industry in 2015
tertiary industry taking up 46.1 of GDP in 2013, 48.2%
in 2014, indicating the transition from industry-oriented economy to service-oriented economy; Increased contribution to economic growth by consumption, which surpassed investment in 2012 since

2006, 54.4% reached in 2014;
Economic growth from labor, resources and investment

driven to innovation driven

Development trend of coking industry in 2015
China’s economic growth rate will remain around 7%
in the next ten years or even longer. Adjustment of growth rate, optimization of structures and change of driven force are new features. The core is the quality of economic growth. Lowering economic growth rate for better quality is an inevitable option to ensure coordinated and sustainable economic

development.

Development trend of coking industry in 2015
Unfavorable factors include uneven, uncoordinated and unsustainable elements. China’s economic growth rate has been in decline for 17 seasons consecutively since the beginning of 2010, which is unprecedented since the opening-up reform. Overcapacity in most industries cannot be resolved in short-term.

Enhanced restraint for energy conservation and emission reduction of
enterprises. Rising operational cost, financial constraint and high debt rate are exacerbating.

Extensive management and lack of various competent people are the key
constraint to strengthen innovation and competitiveness. Decision-making mechanism, operational and distributional modes are to be perfected. The

constant drop of profitability should be contained.

Development trend of coking industry in 2015
Noticeable drop of iron and steel demand In 2007, 179 kilograms of steel consumption was generated per 10000 new RMB GDP. This was reduced to 147 kilograms, a reduction by 17.42%. Overcapacity is a major issue for coking industry. Banks are reluctant to lend to coke producing enterprises. Financial constraints are aggravating. No fundamental change will take place in 2015. It is projected that

coke output in 2015 will be less than 2014. Inadequate conditions
are in existence to drive up coke price. Fluctuations or slight drop are expected.

Development trend of coking industry in 2015
More can be expected on coke export.89% of exported coke is from Shanxi, which is highly competitive. Restructuring is taking place in Shanxi’s coking industry,

which will improve industrial concentration and
integrated operation. International market can be further explored with the help of traders. From Jan to Feb, exported coke exceeded 1.63 million tons. In 2015, aggregated coke export is expected to reach 10 million tons.

Accelerate the development of industrial chain in an all-around manner
With deepening globalization and division of labor, services
and products provided by any enterprises are not only affected by its own operation and capacity but upstream and downstream industries. Chinese companies must innovate ways of cooperation by

utilizing resources in order to maintain competitiveness.
To strengthen industrial chain is an effective way and strategic task.

Accelerate the development of industrial chain in an all-around manner
Comprehensive cooperation should be conducted in technological
development and application, lean management, domestic and international trade, investment and financing as well as personnel

training.
Cooperation should take place between regions, between different industrial parks, between coke plants of iron and steel enterprises and independent coke plants, between upstream and downstream, between coking industry and other industries, between China and other countries to explore new room for development.

Thank

you!


相关文章:
2015年世界500强企业名单(中国)
INDUSTRY CORP. OF CHINA) 中国电信集团公司(CHINA ...(PEOPLE'S INSURANCE COMPANY OF CHINA) 中国中信...Coking Coal Group) 中国化工集团公司(CHEMCHINA) ...
“2011(第二届)焦炭市场高峰论坛(邀请函)
Hosts: Shanxi Coking Industry Association, Shanxi ...coking industry will face in the near future, ...s spot coke is traded in North China and East...
中国国际重型机器展会
industry to users and related departments, display...China heavy machinery industry association in successfully...coking equipment, burn poured "equipment, blast ...
英美社会与文化
forth largest country in the world in size after Russia, Canada and China...of high-grade coking coal and is well known for its steel industry. The...
2015年世界500强企业排行榜
2015年世界500强企业排行榜_金融/投资_经管营销_...INDUSTRY CORP. OF CHINA) 中国电信集团公司(CHINA ...(Shanxi Coking Coal 45445 43611.7 43009.7 ...
煤炭报告
Overview of coking coal resources in China Coking coal is one of the ...Coking coal reserves in Shandong are 6.72% of Chinas / 6.72% of ...
翻译
China, as well as to national economic and ...technology propelling coal、electricity、coking etc....in coal industry home and abroad, analyze the ...
2015世界500强的中国企业
INDUSTRY CO RP. OF CHINA) 中国电信集团公司(CHINA TELECOMMUNICATION S) 中国...(Shanxi Coking Coal Gr oup) 265 270 271 272 274 276 281 282 288 296 ...
煤炭的真实成本2012(英文概要)
in the secondary and tertiary industry, in which...Chinas coals are hosted in complicated ...coking & coal chemical boilers and construction material...
国际场地修复论坛 会议日程
China Association of Environmental Protection Industry...coking plant remediation project 茶歇 Coffee Break ...in Hu Qinhong,Lawrence Berkeley the U.S.: ...
更多相关标签:
industry association | china hotel industry | china food industry | in association with | in association | computer in industry | in industry | secrecy in industry |