Operation of coking industry in the first three quarters of 2019

Since the beginning of this year, the coking industry has shown a general trend of increasing volume and decreasing price, with the following characteristics. The first is the steady growth of production. In the first three quarters of this year, driven by market demand such as the growth of steel production, the output of coke (including semi coke) in China increased, with an accumulated production of 354 million tons, an increase of 3.2% year on year. The second reason is that the export has declined significantly. In the first three quarters of this year, the cumulative export volume of coke (including semi coke) in China was 5.164 million tons, down 25.4% year-on-year; the export volume was 10.06 billion yuan, down 25.6% year-on-year; the average export unit price was 285.71 USD / ton, basically maintaining the level of last year. The third is the downward price shock. According to the statistics of China Coking Industry Association, in the first three quarters of this year, affected by the coal and steel market, the price of coke fluctuated downward. The average price of secondary metallurgical coke is 1964 CNY/ton, down 2.14% year-on-year; the average price in September is 1889 CNY/ton, lower than the average level in the first three quarters. The fourth is the decrease of profit level. Take Shanxi Province, the main coke producing area, as an example. From January to August, the main business income of the coking industry was 132.98 billion yuan, up 10.7% year-on-year; the profit was 6.87 billion yuan, down 14.1% year-on-year.