Since 2005 launched a few rounds of shanxi coal resources integration, through which suppress small coal mines, improve industrial concentration, further improve the shanxi coal in the global market right.

Outside of shanxi coal resource integration impression is "integration once, prices again." This shows, in particular in coke obviously: on March 25, the coke plant from old as the floors of tax price 165 yuan/ton, is qinhuangdao 5500 calories "shanxi optimal mix" liquidated power coal price of more than two times - two coal mining cost yielding around. Nearly seventeen yuan price, and international coking coal price basic norms.

In China, the contract price regulated power coal, resulting in shanxi in electricity coal value erosion is serious. However coking coal prices contain big profits, to a certain extent, the loss of the electric coal hedge.

In recent years, shanxi appeared many influential private energy giant. This person "shanxi coal boss" group, wealth accumulation fast let a person be left speechless with wonder or fear. Shanxi university of finance and economics a research report, these giant universal out of linfen, coking in jinzhong, lvliang area.

China (taiyuan) coal trading center provide the financial state weekly data shows: shanxi coking coal reserves to account for the national 52.4%; Coking coal production account for national 1/3; Coke yield of global production to the national 20%, 13% of the world, the volume of coke 48%.

By this proposed, shanxi building "Chinese coking coal center", "world coke center". China (taiyuan) coal trading center, is the present domestic only the state council approved the establishment of national coal trading center, its goal is to become "based on shanxi, the radiation, the world" modern large coal trading market.

The trade center QuJianWu told the finance and economics, deputy director of the national weekly ", China imported from abroad, along with lots of coking coal are "foreign coking coal market trading mechanism and modern transaction model", "a pricing mechanism for our impact and influence than imports, to a certain extent, the impact of the coking coal itself more severe" and the influence.

Coal resources integration, build of shanxi coal oligarchs, become the only way to improve, and proven right. LiuShengRui told the financial state weekly ", after 2009, shanxi coal m&a now formed four YiDunJi of large coal enterprises, 3 5000 tons, 11 million tons of large-scale coal group.

The former flagship electric coal with coal group, main anthracite YangMei group, also in the highly profitable, coking coveted by linfen, yuncheng of resources integration, wantonly acquisitions coking coal resources.

In m&a, shanxi coking coal production before for 4.68 billion tons, the reorganization will ascend for after the 5.76 billion tons, productivity improvement 1.08 billion tons.

The biggest winner of shanxi coking coal group, is still the purchase of 169 seat place small ore will integrate into 69 a big ore; The future of shanxi coking coal group 5 years, the output will form the 百座 can 260 million tons of coal coking coal production capacity to the province of 45%, oligarchic pattern will make its own powerful constituting the price.

Downstream anxiety

The upstream of the aggressive, make downstream of the coking and iron and steel industries is heavyhearted.

At present, the domestic scale above coking enterprise has more than 800 home, apparent excess capacity. At present domestic metallurgy coke price per ton in 1800 to about 2,000 yuan or so, and coking coal prices frequently 1500 ~ 1600 yuan/ton; According to 1.4 tons of coking coal production coke ratio, 1 ton of coking enterprises, only have a deficit.

Worse "unable to shutdown" : coke oven must continuously homework, different from coal, iron and steel enterprise, can choose discontinued against market.

Shanxi coking company XiangFen wanxi reaches the staff told the financial state, local magazine in many coke oven heat preservation, desperately trying to prolong stew, in order to reduce losses of anti-coking time; Second, develop many chemical products, rely on coking byproducts methanol, coarse benzene etc losses.

"Everyone has been waiting for coke," attend coking coal price rise of many of the coking enterprise representatives summit, said "but both short term unlikely".

Facing the predicament, shanxi coking industry still offering the m&a holy grail.

Caijing magazine by state in Shanxi Province to understand, letter committee in shanxi coking industry already issued the guiding opinions on m&a, ready to go through m&a, by the end of this year only retain independent coking enterprise 150 households or so. Through merger and reorganization, productivity replacement built batch of 500-1000 tons coking enterprise, improve the oversize industry concentration.

And this is good news to steel industry. How to avoid coking coal and coke become "the second iron ore," has become a general anxiety and steel industry.

Shougang corp. Deputy chief engineer wu jun told the financial state weekly, early in 2003 he was warned "five years coking coal is the next iron ore", "any resources, energy has its market rules, these years coking coal in the capital market is sensitive period, outbreak period".

Wu jun think of steel, coal resources development enterprises is very important, "resource consumption enterprise, must the resource base construction in the first place." Shares in shanxi coking coal, shougang lvliang keissler "fushan energy" (HK), 00639. In linfen construction injection coal bases; In addition, shougang coal resources in xinjiang acquisitions.

During this session, the National People's Congress to represent, DengQi group manager of wisco lynne wisco has not given up outside claims, RML takeover of Australian iron ore business, this means that ford wisco and another Rio there will be a self-belief. And both are pursuing RML only coking coal resources in Africa mozambique.

Can foresee, future steel enterprise purchase coking coal resources integration, and surely upstream and power generation enterprise purchase electricity coal producers, become as prevalent phenomenon.

But somebody also foresee, coke won't be "the second iron ore", Chinese coking industry association will hold this view gold dry.

The reason is that the global smooth steel production, a slackening demand and trade coking not sharply growth; While international market coal supply by a single step by step towards decentralization; Other technological advances also makes ironmaking declining coke rate.

Famous Chinese energy consultants, shanxi shanfen xiang-cheng energy consultancy company general manager ChangYiJun told the financial state weekly, global coking coal resources enough to use 500 years; And fossil energy has its economic life cycle. ChangYiJun think, only in shanxi and Mongolia backup coking coal resources, will be enough to satisfy the needs of China's steel industry.

Coal experts huang teng tells magazine caijing countries, the current situation is one side, one is the high quality coking coal shortages of coking coal waste. He in shanxi jiexiu area, even see a large number of coking coal is used as power coal burned, let its enormously unceasingly.

"Shanxi coking coal are strong bond many coal," huang teng suggestion, should pull out 500 kilometers outside, match other coal coking, so can save with a lot of quality coking coal resources, fully offset imports.