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Moolah
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Posting #51: Wed Jul 9th, 2008 14:17 |
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update from waikiat.
The construction of additional capacity expansion facility of 600,000 tonnes metallurgical coke has been completed in May 2008 (Please see photo attached, shown part of the facility). The cost of construction was RMB 370 million. Since 1 June 2008, the new facility has been successfully commissioned. The utilization rate of the new facility for June 2008 was approximately 70%.We expect the utilization rate for July & August 2008 to be approximately 80% & 90% respectively. Thereafter, we expect the utilization rate to hit 100% capacity, thus resulting in our total production capacity per annum to reach 1.8 million tonnes.
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Moolah
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Posting #52: Fri Jul 18th, 2008 04:04 |
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more update..
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Moolah
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Posting #53: Wed Jul 23rd, 2008 05:27 |
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| Link from waikiat: http://sinohuaan.listedcompany.com/prices_coal_coke.html
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waikiat
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Posting #54: Fri Jul 25th, 2008 15:48 |
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sha la la la la.... sha la la in the mor----ning.... wou wou wou....
stock moving now? move move move... 
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Moolah
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Posting #55: Sat Jul 26th, 2008 06:55 |
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So how? Move where?
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waikiat
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Posting #56: Sun Jul 27th, 2008 13:32 |
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got la... from crawling to walking... just like baby learning lo...
who knows... maybe a winner in the 100m dash... 
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waikiat
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Posting #57: Tue Jul 29th, 2008 15:17 |
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The sustaining increase of coking coal and coke in H1 of 2008 has brought great pressures to downward steel companies. However, Liu Jianzhong, the GM in Shanxi Coking Coal Group, believed that H2 of this year should be the “last dinner” for coking coal price increase. The conflict between supply and demand for coking coal would be released both in international and domestic market in 2009. Although coking coal price should remain high, there would be fluctuations.
Huang Jingan, the chairman of China Coking Industry Association, indicated that iron and steel industry, which is a big consumer for coke, has been absorb assimilating pressures from prices hikes of coke and iron ore in these years. In H2 of 2008, it could be more and more difficult for iron and steel industry to transfer cost pressures, so pressures would be reacted in coke and coking coal industries in the future.
how now har??? chammm larrr.... 
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waikiat
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Posting #58: Tue Jul 29th, 2008 15:22 |
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CCIA calls for rational coke price hikes in H2
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According to Huang Jingan chairman of China Coking Industry Association (CCIA) said recently at 2008 Asia-Pacific Coal Market Summit on July 18th that uncertain factors will increase in coke market in the second half of this year and coke producers should raise prices cautiously on the basis of steelmakers' acceptance.
Huang warned against blind production expansion and urged producers to pay more attention to technology innovation and market exploitation.
CCIA statistics show China produced some 335.54m tons of coke in 2007, approximately 60% of the world's total output. In the meanwhile the country's apparent coke consumption gained 13.81% year on year to 320.24m tons. Apparent consumption growth was 1.09% higher than output growth, indicating increasing demand and tight supply. Constructions of over 3000 cubic meter blast furnaces further require more high coke quality.
Robust demand also triggered exports growth. Though export duty had been raised to 15%, China's coke exports still amounted to 15.3m tons in 2007 up by 800,000 tons or 5.52% from a year earlier. Export price climbed by 44.13% to USD 199.61/ton from USD 138.49/ton.
CCIA's coke price index jumped 26.92% from 225.35 point in the year beginning to 286.02 point in the year end. Average price increased by RMB311/ton to RMB1453/ton.
Huang said that out scant supply, difficult transportation and rising price of coking coal further pushed up coke price. He said that the industry still face some uncertain factors. Short supply and increasing price of coking coal squeeze coke market along with rising costs and fluctuating operation in steel market.
Comprehensive purchase cost hit RMB837.58/ton in December of 2007 and has surpassed RMB1000/ton since this year. Price for coking coal from Canada, New Zealand, Russia, Australia and so on has also reached USD 120/ton to USD 130/ton.
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waikiat
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Posting #59: Tue Aug 5th, 2008 03:35 |
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Shanxi Coking Coal Group raises price for the fourth time this year
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Due to tight supply of coking coal and great price gap between the price in Shanxi Coking Coal Group and market price, Shanxi Coking Coal Group raises the price again in August. Analysts noted that there could still be spaces for the company to raise the price further because of price gap and high quality of the coal made in the group.
(Source: China Securities Journal)
expect coking coke price to follow suit??
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waikiat
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Posting #60: Fri Aug 8th, 2008 02:52 |
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Chinese coke prices in August surge by 10% MoM
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http://www.custeel.com time：2008-08-08 09:21 class=title4
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It is reported that some of the Chinese coke enterprises have increased coke sales prices by 10% MoM in August. It is expected that coal and coke prices will rise so that some traders have started hoarding of coke.
Some East China coke enterprises such as Shanghai Energy Resources Company’s rate of price increases is RMB170/ton to RMB200/ton, Shanxi’s rate is RMB200/ton to RMB300/ton.
After the recent cap on coal prices, coke prices continued to increase for three reasons
1. Coke prices are not within the limitation
2. The integration of Shanxi's coke market has not yet been completed, the main force of coke production some small and medium sized coal mills did not fully resume production, the supply is still tight
3. The end users of coke, the iron and steel enterprises, have a certain ability to absorb price hikes
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