On August 14-16, 2020,
16th Steel
Development Strategy Conference, hosted by SteelHome, was
successfully held in Shanghai Tower. Around 800 delegates from
governments, associations, steel mills, miners, traders, research
institutes attended the one of biggest events in China steel industry.
9th International Raw Materials Supply Chain Summit, 10th Coal & Coke
Development Strategy Conference, 8th China Commodities E-Commerce Summit
and 2020 SteelHome Summer Report were simultaneously held.
On the afternoon of August 15, Xue Jun, vice president of Coal and
Coke Sales Company of Shanxi Coking Coal Group delivered an opening
speech titled with “2020 Coking Coal Market Flashback and Introduction of Shanxi Coking Coal Operation”.
Xun Jun, Vice President of Coal and Coke Sales Company of
Shanxi Coking Coal Group |
Summary of speeches
Against the background of the global economic downturn and Sino-US trade
frictions, the industry chain of coal, coke and steel went through a
decreasing demand. Price of coking coal product fluctuated downward,
inventories continued to increase, corporate funds were tight with heavy
loss, and the whole industry chain were still plagued by the
contradiction between supply and demand.
At the beginning of this year, COVID-19 once again disturbed the market
in a sudden. In order to adapt to the development of the global
pandemic, new economic stimulus policies have gradually come into
effect, and end user demand has recovered. Steel prices have continued
to rise, and coke prices have increased by 300 yuan for six consecutive
rounds. Coking coal prices have rebounded slightly in some places, but
not in a successive way. |
(To contact the reporter on this story: RhettLiu@steelhome.cn or 86-555-2238927 18133440120) |