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Dec.05.2020 1USD=6.5507RMB
  SteelHome >>>>Steelmakers' Info>>Industry Dynamics
 
Wang Hanshuang: Analysis and Cooperation on Industry Developments

http://en.steelhome.cn [SteelHome] 2020-10-27 17:03:09

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2020 China Coal and Coke Industry Conference, hosted by Dalian Commodity Exchange, China National Coal Association and China Coking Industry Association, and organized by Shanghai SteelHome, was successfully held in Shenzhen on October 21-23, 2020. Around 500 delegates from governments, associations, steel mills, miners, traders, research institutes attended one of the biggest events in China coal and coke industry.

Wang Hanshuang, General Manager of Coke Department of China Risun Group Marketing Corporation delivered a speech themed on Analysis and Cooperation on Industry Developments, which was summarized as follows:

In the next one to two years, much more 4.3m coking ovens will be kicked out. Backward capacity of 4.3m coking ovens takes for 60% of 520mn t of coke capacity. Shanxi, the main coke production area, is the core of work, which still have a time mismatch with newly added coking ovens.

Now, China is stepping up into coking integration. Top six coal producers combined has 50% of total output or 1.8bn t of raw coal. There are 447 coking enterprises with capacity at 520mn t, 1mn t for each.

Coke ovens are also upgraded. There are more 7m and 7.65m coking ovens in the future, coupled with top-charged coking ovens and clean ovens without recycling.

Wang expected that, coke price in the fourth quarter will fluctuate at a high level, which may hit a new high this year.


(To contact the reporter on this story: RhettLiu@steelhome.cn or 86-555-2238927 18133440120)
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