Looking back at 2020, the outbreak of the COVID-19 epidemic at the beginning of the year caused a severe blow to the global economy. Encouragingly, the Chinese economy shows strong resilience, and recovers rapidly after a short-term decline. Since June, China's steel demand has maintained a high growth, and monthly crude steel and pig iron outputs hit fresh highs. In the context of coking de-capacity, coke production continues being constrained, suppressing coking coal consumption. In the meantime, after the coal industry completed the de-capacity task, the release of new capacity has accelerated, and domestic coking coal supply capacity has enhanced. Despite staged supply deficit brought by strict curbs on imported coal, the supply of coking coal is relatively loose throughout the year, and the average prices move down.
As approaching the end of 2020, Fenwei is timely releasing “2020 China Coking Coal Market Study and 2021 Outlook”, to review and interpret important policies affecting the coal industry operation especially coking coal market in 2020, and also provide detailed analysis and forecast in 2021 centering on policy environment, demand, production, supply, price, import & export, etc.
The report incorporates abundant data, figures and technical parameters in clear analytic logics and viewpoints, which shall definitely act as a valuable reference for market participants to become versed in the development trend of China’s coking coal industry.
1 2020 China Coal Cost Analysis1.1 Cost influencing factors in main producing areas