Chang Yijun| Chief Advisor on Resources and Application
1999-Present Chairman, Fenwei Energy Information Services Co., Ltd.
1998-1999 Marketing Manager, Consultant, Asian American Coal Inc.
1993-1998 General Manager, Shanxi Fuyuan Clean Coal Company
1988-1998 Vice General Manager, Shanxi Jinmei Industry Development General Company
1982-1988 Principal Staff Member, Infrastructure Division of Shanxi Coal Industry Department
1978-1982 Department of Coalfield Exploration, Shanxi Mining Institute (now Taiyuan University of
Technology)
Main Achievements
Participated in the State Council-organized assessment of construction of Shanxi Energy and Heavy Chemical Industry Base started in 1982; one of the principal authors for the chapter of township mines in the Construction Plan of Shanxi Energy and Heavy Chemical Industry Base. Participated in feasibility demonstration and preliminary design approval for over 150 coal mines and affiliated projects and hosted trial operation of three coal mines and acceptance check for official production. The first person selling coking coal of Shanxi local mines to key state-owned steel mills; the first person exporting Chinese coking coal to India; the first person exporting Shanxi coking coal to Japan and South Korea; developed the key technology of producing foundry coke with non-recovery coke ovens, which has become the standard method to produce foundry coke. Familiar with distribution characteristics and value evaluation of Chinese coal resources, good at exploring coal value and product packaging, and having a deep understanding of coal specifications' value weight and complementarity between different specification indices. Collected and translated advanced methods, experience and coal evaluation data of global advanced coking firms in past 30 years, made quantitative analysis on positive and negative correlation between parameters & elements of coking coal and parameters of coke including hot & cold strength and sulfur conversion rate after comparison, digestion and absorption of the collected data, and established a number of application tools and prediction models.
W.K. Chan| Chief Advisor on International Energy Cooperation
2015-Present Partner, Fenwei Energy Information Services Co., Ltd.
1986-2015 Director, Asia Pacific, Platts
Major Achievements
Person-in-charge of Platts' commodity information business in Asia Pacific region. Turned a small representative office with a few staff into a regional enterprise having an annual revenue of more than US$ 100 million, with sales offices in Singapore, Beijing, Tokyo and Hong Kong. Transformed Platts products from print format to on-line and real-time services. Helped Platts to become the leader among all the major commodity information providers and price reporting agencies (PRAs). Promoted Platts' Market-On-Close (MOC) methodology to the market players when it was firstly launched in Asia. This helped to reinforce Platts price assessments as the industry benchmarks. Helped Platts to develop its business in India and China, the two major emerging markets in Asia. Partnered with local information companies to produce new services for the domestic markets. Developed the most sophisticated electronic trading window (Platts eWindow) together with Intercontinental Exchange (ICE). In addition to its price discovery function, eWindow has become the most reliable, accurate and advanced electronic platform for physical and paper trading in the oil market. Co-operated with Tokyo Commodity Exchange (TOCOM) and launched the crude future contract using Platts Middle East crude benchmarks as the settlement prices. Co-operated with the Singapore Exchange (SGX) and launched a series of futures and clearing contracts for oil, petrochemicals, iron ores and flight markets using Platts assessments as the settlement prices. Since 2007, organized the yearly Platts Top 250 Global Energy Award Dinner in Singapore. The winners and the participants are the most influential and best-performing companies in the energy sector.
Liu Xinhua| Chief Advisor on Market Consultancy
2016-Present Vice General Manager, Fenwei Energy Information Services Co., Ltd.
2012-2016 Director, Chinese Energy Market Analytics, Peabody Energy Beijing
2009-2012 Director, Chinese Economy and Market Research, Teck Resources Beijing Rep. Office
2003-2009 Senior Analyst, Chinese Metallurgical Coal, BHP Billiton China
1994-2003 Associate Chief Economist, Economic Information Center of State Economic and Trade
Commission; Head of No. 1 Division, Bureau of Performance Assessment of State-owned Assets Supervision and Administration Commission of the State Council
1992-1994 Editor, Management World Magazine, Development Research Centre of the State Council
1990-1992 Lecturer, Beijing Graduate School, China University of Mining and Technology
Major Achievements
Over 20 years of industry analysis experience, in-depth research and understanding of the Chinese coal industry management mechanism and policy formulation, supply-demand dynamics of coal and its up- and down-stream industries (steel, coking, power, building materials, chemical and new energy), coal cost and logistics, and coal producers at home and abroad.
Mid- and long-term analysis and forecast of Chinese thermal and coking coal markets. Chinese coal industry policy and its market impact study. Chinese coking coal resources distribution and coal application analysis/evaluation. Impact of coal mines consolidation and supply-side structural reform on Chinese coal supply. Chinese thermal and coking coal cost research and forecast. Global coking coal supply and cost (seaborne and Mongolian coal). Monthly and annual analysis and forecast of Chinese thermal and coking coal market. Analysis and research of state-owned economy and major state-owned enterprises from industries of machinery, automobile, iron and steel, power, coal, non-ferrous metals, textile and electronics. Ranking and financial assessment of top 500 Chinese industrial/construction/service enterprises over 1992-1993.
Luo An | Chief Advisor on Data Analysis and Decision Making
2015-Present General Manager, Fenwei Energy Information Services Co., Ltd.
2011-2014 Assistant President and Senior Consultant, Delta Strategy & Investment Management, acting as
Project Manager for the Fenwei strategy and rolling development project over 2012-2013.
2006-2011 Manager, Business Data Analysis, Carrefour China Management Consulting Co.
2003-2006 Consultant, ERP Implementation, UFIDA Software Co., Ltd Shanghai Branch
1998-2003 IT Manager, Greatwall Information Industry Co., Ltd.
1994-1998 Department of Mathematics, Peking University
Major Achievements
Provided customized ERP service for over one hundred companies in Jiangsu and Zhejiang provinces. Designed data and financial statements system for over 200 stores of Carrefour China for better management of goods purchase-sale-inventory, earnings and gross profit data to provide decision-making basis for store management, promotional pricing and annual goods purchase negotiations. Provided management services for information service, commercial real estate, manufacturing and agricultural firms in Beijing, Jiangsu, Sichuan, Xinjiang and Shanxi, helping them improve financial analysis, optimize organization structure and process and make commercial plans. In charge of the Fenwei strategy and rolling development consulting project, making strategic plan for Fenwei after in-depth study of potential target markets and competitiveness, and pushing ahead with a three-year rolling development plan that helped Fenwei expand business by 30% plus annually and reach strategic cooperation with Platts.
Project Services
Project Department is dedicated to turning industry information into business opportunity and providing extended services to sxcoal.com members. The Department, supported by our Data Center, Price Center, Fundamentals Research and Engineering Management divisions and with the help of Big Data and various tools and instruments, has been providing clients with optimal business solutions based on in-depth analysis on every link of the coal industry chain – from exploration, production and transportation to downstream markets. The Department has built long-term partnership with coal mining companies, investment institutions, up- and down-stream companies and government agencies. With extensive coverage on resources exploration, thermal/coking coal, coking, unconventional natural gas, steel, power and new energy, it each year provides clients with several hundreds of consultancy reports. These reports range from resources and market survey, investment evaluation, due diligence investigation, coal supply-demand analysis and price forecast to coal/coke production cost and logistics cost monitoring, and coal industry policy interpretation. Our major clients are listed as follows:
Data Center
Data Center is a data reservoir that supports Fenwei's consulting services. It collects coal and related data from various industry associations, government statistics bureaus, research institutions and mine design institutes, as well as first-hand data gained in field surveys. For years, it has been devoting to the construction of energy big data system, and the consequent data analysis and data products development.
China Coal Quality Database
China Coal Cost Database
Price Center
Price Center is a major support department for Fenwei's consulting business. It gathers prices from all corners of the market, making sure all market movements are reflected in time. The first hand data are updated in real time and displayed on our website in a way that best suits your need.
It hosts a weekly market watch conference to share data, exchange views and find trends; and to prevent misleading price information.
Fenwei launched the CR price index series in 2007.
Based on the CR index, Fenwei and Platts worked together to establish the China Coal Index (CCI) price and settlement system in 2012, then changed the CR index system to CCI index system.
The CCI index system currently have 80 price indexes and assessments: including 15 on transfer ports, 45 on production areas, and 20 on consumption areas. These price indexes and assessments are sufficient for coal price setting and settlement needs.
The CCI index system is widely accepted by the industry, China Shenhua Group had proposed to use CCI to set prices. The number of enterprises which use CCI for trade settlements is growing.
Fundamentals Research
Fundamental research supports Fenwei's project consulting services and is a main part of our endeavor ever since the company was established. Through years of cooperation with domestic and international research institutions, Fenwei has gained insights into various quality parameters between Chinese and international coal resources and successfully developed a model system that helps us understand their correlation and make comparisons.
We also improved the coal quality database of mining areas worldwide, launched a coal blending optimization system based on China's quality assessment standard, and a forecast model on the cold and hot strength of coke, and mastered the application and assessment methods of thermal coal properties such as clinkering, contamination, gasification and liquidation.
Major Achievements
Rail freight rate inquiry system
Coal & coke price inquiry system
Coal quality & coal mine inquiry system
CR index analysis & forecast system
Coal mine value assessment model
Coke cold & hot strength forecast model
Coke strength intelligent prediction system
Intelligent coal blending system
Coal e-trading system
Coal spot trading system
Clean heat-recovery coke oven management system
China coal industry geographical information system
China coal industry database system
Road-port connection e-menu system
Coal & coke e-trading system
China Energy Security and Formation of New Coal Pattern
Reassessment of Listed Chinese Coal Enterprises
China Coal Prices Index and Application
Clean and Optimized Utilization of Shanxi High-Sulfur Coal
China Coal Quality Application Assessment
Shanxi Export Coal Resource Assessment
Shanxi Coke
Shanxi CBM Resource Evaluation, Development and Utilization
Shanxi Coal Resource and Development Strategy Assessment
New Ecology & New Energy
China Coke Market Development Report
Engineering Management
As a supporting system of Fenwei's project consulting service, the Engineering Management effectively supports the expansion of consulting service and helps clients solve technical and control issues in production process. Fenwei has always been devoting to research and design of production technologies and standardized processes, and has completed many patents and application tools. It has provided dozens of enterprises with solutions and helped multiple enterprises swing back to profit from loss.
Quality Control in Coal Supply Chain
Case: Trust Production of Fengda Coking Plant
Fengda Coking Plant, located in Lanxian County of northern China's Shanxi province, mainly produces metallurgical coke with new-type QRD clean heat-recovery coke ovens, with designed production capacity at 0.6 million tonnes per annum. Fengda started engaging Fenwei to provide technical consulting service in August 2008, but failed failed to turn loss to profit due to ineffective management and execution amid the worsening market situation. The plant was trusted to Fenwei in an all-round manner at the end of 2010. Repositioning of raw materials and products, reconstruction of unreasonable links and introduction of techniques (e.g. secondary-crushing and sieving) helped upgrading of met and foundry coke from Grade II to Grade I in just eight months. Meanwhile, the change of self-produced coking coal to a blend of low-cost premium anthracite and indigenous high-ash and strong-caking coal helped cut cost and improved quality effectively. Presently, the plant makes a profit of 150 yuan/t compared to a loss of100 yuan/t before restructuring. With accumulation of working capital and construction of supporting facilities, the number of coke ovens in production increased from original 20 t0 60 in 2010, and further to 80 in the second quarter of 2011, greatly enhancing product quality, brand and market influence.
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