Shanxi Coking Coal signed a medium and long term contract of 57.74mn tons

The business negotiation of Shanxi Coking Coal 2020 medium and long term contract negotiation meeting was successfully concluded on November 23. After intensive and orderly negotiation, a total of 68.55 million tons of contracts were signed by Shanxi coking coal. In terms of coking coal contracts, 57.74 million tons of contracts were signed, including 52.06 million tons for railways and 5.68 million tons for roads by means of transportation; 36.62 million tons for long-term cooperation, 15.78 million tons for quasi long-term cooperation, 2.93 million tons for internal enterprises and 2.41 million tons for market customers. In terms of power coal contracts, we have signed 10.81 million tons of contracts with Huadian Group, Guodian group, Datang Power Group and other enterprises, including 6.91 million tons of direct coal and 3.9 million tons of water. The order was restored with some power plants of the power group that were originally cut off due to resource reasons. The conference has the following characteristics: first, the leading position of Shanxi coking coal is more stable. Under the current trend of large-scale coke oven, Shanxi high-quality coking coal is irreplaceable in the national market. It has certain advantages in terms of resource scarcity, quantity and quality supply guarantee, and transportation guarantee, which determines the leading position of Shanxi Coking Coal in coking coal market. Second, the role of Chinese coking coal brand cluster appears. Eight coking coal enterprises accounted for nearly 30% of the market share, maintained the balanced development of upstream and downstream industrial chains, and realized the sharing of interests and risks. Third, the long-term association system has been widely recognized by the market. Since the signing of the long-term association in November 2016, the supply of coking coal in China has entered into a basically stable state of volume and price. A stable long-term association operation mechanism and the construction of a community of common destiny for coal, steel and coke have been deeply rooted in the hearts of the people. During the < / P > < p > meeting, Shanxi Coking Coal held in-depth discussions with customers, listened to the specific needs of customers, answered the specific questions of quality and price raised by customers, and docked the specific cooperation in the next step. After negotiation, the supply and demand of coking coal will be basically locked in 2020, and the quarterly price adjustment mechanism will be formed. Contract negotiation for other customers will be centralized in mid December.