On November 5th, the reporter learned from the Shanxi Coking Industry Association that the measures taken by the country to increase coal treatment this year have finally been rewarded with a long-awaited return: while China’s coke exports have decreased, export prices have continued to rise. The unit price of exports in October exceeded US$300/ton for the first time in two years.
According to the statistics of the National Bureau of Statistics, from January to August 2007, China's total export of coke was 102.669 million tons, and under the limit of 14 million tons of export quotas, there were 3.7 million tons of indicators left. Shanxi coke exports in August fell 16.54% year-on-year. At the same time, China's coke export prices have exceeded 300 US dollars / ton, the current maximum price has reached 350 US dollars / ton. Last month's price was around $280/ton.
The reporter interviewed several representative coking enterprises in Shanxi Province by telephone. Although the reduction in export quotas is the main reason for the rise in export coke prices, it is not the only reason. Antai Coking Group, Tongyang Coking Group, Shanxi Coking Co., Ltd., and Taiyuan Coal Gasification Group all stated that even if China now issues new export quotas again, it will be difficult to stop the trend of rising coke prices. The real reason for the rise in coke prices is the chain reaction caused by rising coal prices. This year, in order to achieve sustainable development of the coal industry, the state has successively implemented a series of coal industry policies, including the use of coal resources for compensation, the acquisition of sustainable development funds and the closure of small coal mines. According to statistics, 2,393 small coal mines were closed in the first quarter of 2007, among which 1156 were closed in Shanxi Province. A series of macro-control measures have limited the rapid growth of coal production, which has pushed up the overall price of coal, and has caused a series of reactions. The domestic coking coal production province in Shanxi in August has a coking coal price (not including tax at the pit) of RMB 490/ton, which is comparable to At the end of last year it rose by 23% to 26%. Since September, the domestic coke market has entered a new round of rising period. All this ultimately led to an increase in the export price of coke in China.
It is understood that China is likely to increase its coke export tax again in the near future. This will undoubtedly push China's coke export prices again, even the rise in international coke prices. However, whether Chinese coke companies can distribute more dividends in this round of rising prices depends on their use of the right to speak in the international market.
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