Abstract
In 2008Q1, China coke output increased while its export decreased. Coke output reached 81.30 million tons, up 13.61% compared to 2007Q1; coke export was 2.93 million tons, down 19.69%. In 2008Q1, Average export FOB price was USD $357.38 per ton (including 25% export tax), up 127.16% compared to 2007Q1, and up 79.24% for the price after tax. Export FOB price of conventional metallurgical coke was USD $535 per ton (including 25% export tax).
China Coke Export Volume, 2005-1H2008
Since 2007, oil price surge and enlarging gap between coal supply & demand have driven international coal price increase. As benchmark coal price in Asia， the steam coal export price at Australia Newcastle Port exceeded USD $200 per ton for the first time in Aug 2008. By the end of August 2008, coal price has been doubled; while it had already increased by 73% in 2007.
Coal supply and demand in China will keep balance in 2009; however structural strain will be sustained; due to slight growth, coking coal supply will maintain little tight and its price maybe higher than or keep the same as it in 2008. Moreover, coking coal price will also effects by international contract price and political costs; however, steam coal price will be further increased considering the continue gap between contract price and market price, as well as electricity price growth.
Based on the authoritative statistics from State Information Center, the National Bureau of Statistics and company financial reporting, this report makes an in-depth analysis of the current situation of China coke industry as well as key players. Meanwhile, it forecasts the development tend of China coke industry
Contents
1.Overview of China Coke Industry
1.1 Definition and Its Business Scope
1.1.1 Coal Definition and Classification
1.1.2 Coal Distributions
1.1.3 Coke Definition and Distributions
1.1.4 Applications of Coke
1.1.5 China Coke Export
1.2 Policies and Laws
1.2.1 Draft of Energy Law
1.2.2 China’s First National Coal Industrial Policy
1.2.3 Resource Tax
1.2.4 Anti-monopoly Law
2. China Coke Market Analysis
2.1 Market Demand
2.1.1 Total Demand
2.1.2 Steel Demand
2.1.3 Cement Demand
2.2 Supply Analysis
2.2.1 The relationship with Coal Industry
2.2.2 Coke Supply
2.2.3 Coke Produced by Mechanized Coke Oven
2.3 Coke Export
2.3.1 Status Quo of Coke Export
2.3.2 Distribution of Coke Export
2.3.3 Coke Export Policy
2.4 Coke Price Analysis
2.4.1 Overall Analysis
2.4.2 The affections by transportations
2.4.3 Continuous Price Rising of Coking Coal
2.5 Market Movements
2.5.1 The Steel Demand has Decreased
2.5.2 M&A has been Accelerated
2.5.3 Increasing of Export Tax Rate has Reduced Coke Export
2.5.4 Large-size Coke Oven has been Developed
3. Market Competition
3.1 Market Concentration
3.2 Value Chain
3.2.1 Coal
3.2.2 Coking Coal
3.2.3 Coke
3.2.4 Steel Metallurgy
4. Key Coke Companies
4.1 Shanxi (Coking) Co., Ltd
4.2 China National Coal Group Co.
4.3 Shanxi Antai Group Co., Ltd
5. Industrial Risks
5.1 Political Risks
5.2 Environment Protection Risks
5.3 Entry Barriers
5.4 Competition Risks
5.5 Overcapacity Risks
5.6 Downstream Risks
6. Development Trend of Coke Industry
6.1 Overall Trends
6.1.1 Scale Expansion of Coal Producers
6.1.2 Coal Price keeps high in 2008
6.1.3 Increasing Coke Output and Decreasing Consumptions
6.2 Prediction of Industrial Scale
6.3 Prediction of Industrial Structure
Selected Charts
China Regional Overall Proportions of Gas Coal in Coking Coal Reserves
Output of Four Biggest Coke Producing Areas in China, 2008Q1
China Coke Export Volume, 2005-1H2008
Demand for Coke in China, 2001-2007
Overall Proportion of Coke in Crude Steel Sales, 2001-2007
Output and Growth of Crude Steel Products, 2002-2008
Growth Rate of Cement Production Capacity and Apparent Consumption in China, 2002-2010
China Coal Output, 2003-2008
China Coke Output, 2001-2010
Coke Output Produced by Mechanized Coke Oven, 2003-2007
China Coke Export, 2004-Apr 2008
China Coke Export by Region, 2002-2007
Average Price Trend of Coke in China
Cross- Province Coal Transportation Gap, 2008
Comparison of Coke Price and Coking Coal Price
Number Proportion of Coke Producers according to Scale
Output Proportion of Coke Producers according to Scale
Coal Industry and Its Downstream Chain
Coking Coal Price Increase Trend, 2006-2008
Gross Profit Margin of Key China Coke Producers, 2007
Decreasing Trend of Steel Industry Concentration
China’s Steel Industry Profit Margin
Asset, Debt and Ownership Interest of Shanxi (Coking) Co., 2005-1H2008
Revenue and Its Growth of Shanxi (Coking) Co., 2005-1H2008
Net Profit and Its Growth of Shanxi (Coking) Co., 2005-1H2008
Business Structure of Shanxi (Coking) Co. , 1H2008
Asset, Debt and Ownership Interest of CNC Coke, 2005-1H2008
Revenue and Its Growth of CNC Coke, 2005-1H2008
Net Profit and Its Growth of CNC Coke, 2005-1H2008
Assets, liability and Ownership Interest of Shanxi Antai Group Co., 2005-H 12008
Revenue and Its Growth of Shanxi Antai Group Co., 2005-H1 2008
Net Profit and Its Growth of Shanxi Antai Group Co., 2005-H1 2008
Regional Proved Reservation of Coking Coal, 2007
Adjustments of Coke Export Tax Rate
Asset, Debt and Ownership Interest of Shanxi (Coking) Co., 2005-1H2008
Profitability of Shanxi (Coking) Co., Ltd., 2005-1H2008
Debt-paying Ability of Shanxi (Coking) Co., Ltd., 2005-1H2008
Development of Shanxi (Coking) Co., Ltd., 2005-1H2008
Asset, Debt and Ownership Interest of CNC Coke, 2006-1H2008
Profitability of CNC Coke, 2006-1-1H 2008
Debt-paying Ability of CNC Coke, 2006-1H2008
Profitability of CNC Coke, 2006-1H2008
Development of CNC Coke, 2007-1H2008
Assets, liability and Owner’s Equity of Shanxi Antai Group Co., 2006-1H2008
Revenue of Shanxi Antai Group Co., 2005-1H2008
Revenue of Shanxi Antai Group Co., 1H 2008
Debt-paying Ability of Shanxi Antai Group Co., 2005-1H2008
Profitability of Shanxi Antai Group Co., 2005-1H 2008
Development of Shanxi Antai Group Co., 2005-1H 2008
