Zhao Jianze, Secretary of the Party Committee of Shanxi Coking Coal Group: It is unlikely that the current coal market will experience another major shock

Published: Jun 28, 2023 18:11
Source: SMM
At the National Summer Coal Trade Fair held this morning, Zhao Jianze, Secretary of the Party Committee of Shanxi Coking Coal Group, said in a speech that the coal market has experienced a major shock since this year, and more is the repair of the previous changes in coal prices, so that the coal price will gradually return to the normal range.

At the National Summer Coal Trade Fair held this morning, Zhao Jianze, Secretary of the Party Committee of Shanxi Coking Coal Group, said in a speech that the coal market has experienced a major shock since this year, and more is the repair of the previous changes in coal prices, so that the coal price will gradually return to the normal range. We must treat this phenomenon rationally. The possibility of significant fluctuations in the current coal market is no longer significant. Zhao Jianze pointed out that from the supply side, coking coal is a scarce resource, accounting for less than 10% of the world's total coal. In addition, it is threatened by natural disasters such as gas Rock burst, so the overall supply level is limited. According to statistics, from 2023 to 2027, China's newly added coal production capacity was about 500 million tons, of which the newly added capacity of coking coal was only about 80 million tons, accounting for 16.2% of the total newly added capacity. The coal market is expected to gradually stabilize in the second half of the year, especially in the coking coal market where prices are highly likely to remain in a relatively balanced range.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Coking Coal and Coke Futures Hit Daily Limit, Coal and Ferrosilicon Cost Support Drives Magnesium Prices Higher — How Will Magnesium Perform Going Forward? [SMM Commentary]
8 hours ago
Coking Coal and Coke Futures Hit Daily Limit, Coal and Ferrosilicon Cost Support Drives Magnesium Prices Higher — How Will Magnesium Perform Going Forward? [SMM Commentary]
Read More
Coking Coal and Coke Futures Hit Daily Limit, Coal and Ferrosilicon Cost Support Drives Magnesium Prices Higher — How Will Magnesium Perform Going Forward? [SMM Commentary]
Coking Coal and Coke Futures Hit Daily Limit, Coal and Ferrosilicon Cost Support Drives Magnesium Prices Higher — How Will Magnesium Perform Going Forward? [SMM Commentary]
8 hours ago
[SMM Steel] India’s RINL Launches Export Tender for 60,000 mt Steel Billets
9 hours ago
[SMM Steel] India’s RINL Launches Export Tender for 60,000 mt Steel Billets
Read More
[SMM Steel] India’s RINL Launches Export Tender for 60,000 mt Steel Billets
[SMM Steel] India’s RINL Launches Export Tender for 60,000 mt Steel Billets
[SMM Steel] Indian state-owned steelmaker RINL issued a global export tender for 60,000 mt of prime continuous cast steel billets on an FOB stowed basis, with shipment required by July 20, 2026. The tender covers 3SP and 4SP billets in 150x150 mm and 200x200 mm sizes. Buyers must submit bids by May 26, with offers valid until May 30. The minimum bidding volume is 30,000 mt, with additional quantities allowed in 5,000 mt multiples. Payments will be conducted through irrevocable sight letter of credit terms.
9 hours ago
[SMM Steel] Feralpi Stahl Expands Rebar Capacity at Germany’s Riesa Plant
9 hours ago
[SMM Steel] Feralpi Stahl Expands Rebar Capacity at Germany’s Riesa Plant
Read More
[SMM Steel] Feralpi Stahl Expands Rebar Capacity at Germany’s Riesa Plant
[SMM Steel] Feralpi Stahl Expands Rebar Capacity at Germany’s Riesa Plant
[SMM Steel] Feralpi Stahl, part of Italy’s Feralpi Group, is increasing annual steel capacity at its Riesa plant in Germany from 1 million mt to 1.3 million mt through a new Danieli rolling mill commissioned last May. The new facility currently operates on a two-shift basis and is expected to receive final equipment certification this summer. The mill targets annual rebar-in-coil output of 400,000-450,000 mt, with plans to shift to three-shift operations by 2027 depending on market conditions. The company also said it will continue investing in scrap processing operations.
9 hours ago
Zhao Jianze, Secretary of the Party Committee of Shanxi Coking Coal Group: It is unlikely that the current coal market will experience another major shock - Shanghai Metals Market (SMM)