News Alert: With the sustained and rapid development of the domestic economy, the development momentum of heavy industry is promising, and the development of steel and other industries will stimulate the rapid growth of coke market demand. Under the current situation of high costs and low profits, domestic coke prices will have some room for recovery this year, but uncertainties such as international market demand, export policies, and price fluctuations in upstream and downstream industries will still affect the price of coke. Coking companies should follow the market. The demand appropriately controls the output of the company in a timely manner.
With the global steel industry entering a period of steady high development and the sustained and rapid development of the domestic economy, the demand for coke in China will continue to increase this year. The reporter learned from the recent "2006 Coking Industry Operation Information Release and Coking Market Situation Seminar in the First Half of 2007" held in Beijing. This year's coke market prices in China will stabilize and increase, but the company's profit margin is limited, and at the same time, with the elimination of To continue to advance, coking companies still have to cut production and limit production according to market demand.
Demand continues to increase prices and stabilises and rises China's Coking Industry Association President Jin Qian pointed out at the meeting that the development of industrialization and urbanization in Western developed countries has basically been completed, and that steel demand and production have experienced a new round of high growth in recent years. It has gradually entered a period of steady and slow development; the accelerated growth of developing country economies will continue to increase the global steel production and demand. It is expected that the global output of crude steel and pig iron will exceed 1.3 billion tons and 900 million tons respectively this year, setting a new record for history. new highs. Coke prices are expected to steadily increase this year.
In addition, domestic coke demand will continue to increase this year, and the growth rate will drop steadily. After rapid development in recent years, the coking industry in China has achieved a certain foundation for development. At present, the national economy is in a period of sustained and rapid development. In particular, the development of steel and other industries will stimulate the rapid growth of demand in the coke market. According to the prediction of China Iron and Steel Association, this year, China's crude steel output will continue to grow by about 10% to 13.4%, and production will reach 4.62 to 475 million tons, an increase of 43.2 million tons to 56 million tons; and 446 million to 458 million tons of blast furnace pig iron will be required. Increased by approximately 41.8 million to 53.8 million tons year-on-year, approximately 20 million to 26 million tons of coke were consumed. Taking into account the energy saving and consumption reduction of iron and steel enterprises and related industries, there is still an increase of 15 million to 20 million tons of coke production throughout the year. .
At the same time, it is expected that the sustained and rapid development of iron and steel metallurgy, chemical industry, non-ferrous metal, machinery and other industries this year will indirectly stimulate the rapid growth of coke market demand. However, the growth rate of crude steel and pig iron production will both decline from last year, and the actual increase in coke consumption will also be reduced. The coke price will still be subject to excessive production capacity.
The profit space is extremely limited. The company still needs to control the production industry. The industry reminds that when the domestic demand for coke increases and the price stabilizes and rises, the coke enterprises and investors must keep a clear head on the overall situation of the industry and market dynamics. According to report, the current coke industry's capacity growth is too fast, the single coking coking company's large-scale production cuts and production cuts, the export space is limited, the upstream coking coal prices remain high, the downstream steel market price fluctuations and other factors, all make the domestic coke market serious challenge.
"The coke price will not be ups and downs, but its profit margin has been extremely limited. It is difficult for Guangchao to sell coke to buy coal money." Huang Jingan said that if chemical product recovery and coke oven gas utilization are unfavorable, companies will face a loss situation. .
According to the findings of the China Coking Industry Association, although the issue of overcapacity has been alleviated, it has still not been able to fundamentally solve the problem. At present, coke ovens in newly built independent coking enterprises have increased momentum. From last year to the end of January this year, 58 new coke ovens have been put into operation with a total capacity of approximately 27.52 million tons; from this year to 2008, there are nearly 90 coke ovens under construction and proposed production, with a production capacity of approximately 50 million tons. The number of coke ovens put into production this year was as many as 48 and the production capacity was about 25 million tons. The number of new coke ovens and production capacity exceeded the expectations of the Coking Association survey at the beginning of last year. This year, the balance of supply and demand in the coke market is still dependent on the production capacity of the existing production capacity and the elimination of outdated production capacity and progress.
From the perspective of international trends, the demand for foreign coke will gradually decrease, and the international market will gradually reduce the dependence on imported coke in China. According to the China Coking Industry Association, with the intensification of competition in the international energy and steel markets, steel companies will intensify their internal balance in technological progress and energy conservation in order to reduce costs and absorb the pressure of high global energy prices. Decreasing trend. While developing countries such as India, Turkey, and Brazil have increased their iron and steel industries, they have also increased the construction of coke ovens. The trend of increasing coking coal imports to replace coke imports is becoming increasingly apparent. Developed countries in Europe, America and Japan will adopt stabilization measures and increase coke production. Improve coke self-sufficiency rate. It can be expected that the dependence of the international market on Chinese coke will gradually decline.
Therefore, the future coking enterprises must further follow the industry self-discipline, take the initiative to cut production and limit production, control the total production, do not blindly pursue the expansion of the number and scale of the enterprise, jointly maintain the market's normal competition order, actively develop the recycling economy, improve the economic efficiency of enterprises, to realize the enterprise Sustainable development.
In addition, experts suggest that to do a good job in the recovery of coking products and the comprehensive utilization of coke oven gas recycling should be an inevitable choice for coking enterprises, coal tar deep processing and coke oven gas to methanol, dimethyl ether and other process technologies and product quality will be Rapid development and improvement. With the continuous operation of a number of large-scale coal tar processing equipment and the continuous high oil price operation, the resources for coking products such as coal tar will become tight and prices will fluctuate with the high prices of oil in the international market.
With the global steel industry entering a period of steady high development and the sustained and rapid development of the domestic economy, the demand for coke in China will continue to increase this year. The reporter learned from the recent "2006 Coking Industry Operation Information Release and Coking Market Situation Seminar in the First Half of 2007" held in Beijing. This year's coke market prices in China will stabilize and increase, but the company's profit margin is limited, and at the same time, with the elimination of To continue to advance, coking companies still have to cut production and limit production according to market demand.
Demand continues to increase prices and stabilises and rises China's Coking Industry Association President Jin Qian pointed out at the meeting that the development of industrialization and urbanization in Western developed countries has basically been completed, and that steel demand and production have experienced a new round of high growth in recent years. It has gradually entered a period of steady and slow development; the accelerated growth of developing country economies will continue to increase the global steel production and demand. It is expected that the global output of crude steel and pig iron will exceed 1.3 billion tons and 900 million tons respectively this year, setting a new record for history. new highs. Coke prices are expected to steadily increase this year.
In addition, domestic coke demand will continue to increase this year, and the growth rate will drop steadily. After rapid development in recent years, the coking industry in China has achieved a certain foundation for development. At present, the national economy is in a period of sustained and rapid development. In particular, the development of steel and other industries will stimulate the rapid growth of demand in the coke market. According to the prediction of China Iron and Steel Association, this year, China's crude steel output will continue to grow by about 10% to 13.4%, and production will reach 4.62 to 475 million tons, an increase of 43.2 million tons to 56 million tons; and 446 million to 458 million tons of blast furnace pig iron will be required. Increased by approximately 41.8 million to 53.8 million tons year-on-year, approximately 20 million to 26 million tons of coke were consumed. Taking into account the energy saving and consumption reduction of iron and steel enterprises and related industries, there is still an increase of 15 million to 20 million tons of coke production throughout the year. .
At the same time, it is expected that the sustained and rapid development of iron and steel metallurgy, chemical industry, non-ferrous metal, machinery and other industries this year will indirectly stimulate the rapid growth of coke market demand. However, the growth rate of crude steel and pig iron production will both decline from last year, and the actual increase in coke consumption will also be reduced. The coke price will still be subject to excessive production capacity.
The profit space is extremely limited. The company still needs to control the production industry. The industry reminds that when the domestic demand for coke increases and the price stabilizes and rises, the coke enterprises and investors must keep a clear head on the overall situation of the industry and market dynamics. According to report, the current coke industry's capacity growth is too fast, the single coking coking company's large-scale production cuts and production cuts, the export space is limited, the upstream coking coal prices remain high, the downstream steel market price fluctuations and other factors, all make the domestic coke market serious challenge.
"The coke price will not be ups and downs, but its profit margin has been extremely limited. It is difficult for Guangchao to sell coke to buy coal money." Huang Jingan said that if chemical product recovery and coke oven gas utilization are unfavorable, companies will face a loss situation. .
According to the findings of the China Coking Industry Association, although the issue of overcapacity has been alleviated, it has still not been able to fundamentally solve the problem. At present, coke ovens in newly built independent coking enterprises have increased momentum. From last year to the end of January this year, 58 new coke ovens have been put into operation with a total capacity of approximately 27.52 million tons; from this year to 2008, there are nearly 90 coke ovens under construction and proposed production, with a production capacity of approximately 50 million tons. The number of coke ovens put into production this year was as many as 48 and the production capacity was about 25 million tons. The number of new coke ovens and production capacity exceeded the expectations of the Coking Association survey at the beginning of last year. This year, the balance of supply and demand in the coke market is still dependent on the production capacity of the existing production capacity and the elimination of outdated production capacity and progress.
From the perspective of international trends, the demand for foreign coke will gradually decrease, and the international market will gradually reduce the dependence on imported coke in China. According to the China Coking Industry Association, with the intensification of competition in the international energy and steel markets, steel companies will intensify their internal balance in technological progress and energy conservation in order to reduce costs and absorb the pressure of high global energy prices. Decreasing trend. While developing countries such as India, Turkey, and Brazil have increased their iron and steel industries, they have also increased the construction of coke ovens. The trend of increasing coking coal imports to replace coke imports is becoming increasingly apparent. Developed countries in Europe, America and Japan will adopt stabilization measures and increase coke production. Improve coke self-sufficiency rate. It can be expected that the dependence of the international market on Chinese coke will gradually decline.
Therefore, the future coking enterprises must further follow the industry self-discipline, take the initiative to cut production and limit production, control the total production, do not blindly pursue the expansion of the number and scale of the enterprise, jointly maintain the market's normal competition order, actively develop the recycling economy, improve the economic efficiency of enterprises, to realize the enterprise Sustainable development.
In addition, experts suggest that to do a good job in the recovery of coking products and the comprehensive utilization of coke oven gas recycling should be an inevitable choice for coking enterprises, coal tar deep processing and coke oven gas to methanol, dimethyl ether and other process technologies and product quality will be Rapid development and improvement. With the continuous operation of a number of large-scale coal tar processing equipment and the continuous high oil price operation, the resources for coking products such as coal tar will become tight and prices will fluctuate with the high prices of oil in the international market.
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