Metallurgical coal market is optimistic in the short term

On May 15, 2019, the Coking Coal Professional Committee of China Coal Transport and Marketing Association held a symposium on metallurgical coal market in Changsha in May. Leading comrades from more than 20 metallurgical coal units, such as Shanxi Coking Coal, Luan Group, Yang Coal Group, Kailuan Group, Shandong Energy, Panjiang Coal and Electricity, attended the meeting. Delegates exchanged views that since this year, the domestic metallurgical coal market has been running smoothly. At present, the inventory of metallurgical coal enterprises is generally low. Driven by the recent rebound in coke prices, the metallurgical coal market will be stable in the short term. In the next stage, domestic macro-economy weakens, trade disputes intensify, and profits of downstream coking plants and steel plants shrink. However, considering the weak growth of resources on the supply side of metallurgical coal, the steady upward trend of demand and the limited import of coking coal resources, it is judged that the operation of metallurgical coal market will show a steady and optimistic trend in the later stage.

The conference discussed the pricing of metallurgical coal index deeply. It was considered that there were some difficulties in the pricing of metallurgical coal index due to various varieties, regional differences and user needs. However, each unit should continue to implement the national long-term contract system and the pricing mechanism of "base price + floating price", actively promote the pricing of metallurgical coal index, and grasp the time to study the correlation. Measures for implementation. The meeting also discussed and deployed how to improve the monitoring system of metallurgical coal operation and promote the brand of coking coal.