Business Club December 31st It is understood that coal companies in the Northeast, Shanxi, and Hebei have recently raised the price of coking coal in January 2011. Among them, Shanxi Coking Coal Group confirmed that coking coal was increased by RMB 100-150/ton, which indicates that the price of domestic coking coal will show a “high opening†pattern next year. Some experts expect that the price of coking coal will rise in 2011 and the expected increase is above 10%.
The performance of the recent coke market is obviously weaker than the upstream and downstream. The prices of coking coal in major coking coal production areas such as Shanxi, Northeast China, Hebei, and Central South have been substantially increased recently, ranging from RMB 90-150/tonne. However, as its direct downstream coke price was only increased by RMB 50/t based on the settlement of the previous month. The more severe is that the current steel mills are not eager to inventory coke, coking enterprises have to increase efforts to limit production, Shijiazhuang, Chongqing and other places coking enterprises limit production are more than 40%. Such a large-scale limit of production, resulting in a corresponding substantial reduction in coke by-products, resulting in an increase in the overall cost of ton coke, so that the coking plant again into a loss cycle.
Although coke prices are expected to continue to rise before the holiday, the coke industry's status as a crevice has not changed. The price of coking coal in the upper reaches is high, and the cost of coke production is increasing. There is still a long way to go for companies to turn losses into profits.
The performance of the recent coke market is obviously weaker than the upstream and downstream. The prices of coking coal in major coking coal production areas such as Shanxi, Northeast China, Hebei, and Central South have been substantially increased recently, ranging from RMB 90-150/tonne. However, as its direct downstream coke price was only increased by RMB 50/t based on the settlement of the previous month. The more severe is that the current steel mills are not eager to inventory coke, coking enterprises have to increase efforts to limit production, Shijiazhuang, Chongqing and other places coking enterprises limit production are more than 40%. Such a large-scale limit of production, resulting in a corresponding substantial reduction in coke by-products, resulting in an increase in the overall cost of ton coke, so that the coking plant again into a loss cycle.
Although coke prices are expected to continue to rise before the holiday, the coke industry's status as a crevice has not changed. The price of coking coal in the upper reaches is high, and the cost of coke production is increasing. There is still a long way to go for companies to turn losses into profits.
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