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Shanxi Coking Coal Group: Coking Coal Market Flashback and Shanxi Coking Coal Operation Introduction

https://en.steelhome.com [SteelHome] 2020-08-19 12:03:44

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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)
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