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Shanxi Coking Coal signs 57.74 million tons of 2020 coking coal medium and long-term contract

Shanxi Coking Coal signs 57.74 million tons of 2020 coking coal medium and long-term contract

     

Shanxi Coking Coal's 2020 mid-to-long-term contract negotiation and connection business was successfully concluded on November 23. After intense and orderly negotiations, Shanxi Coking Coal signed a total of 68.55 million tons of contracts.



In terms of coking coal contracts, a total of 57.74 million tons of contracts were signed, of which by transportation mode: 52.06 million tons of railways and 5.68 million tons of highways; by customer: Changsha Association 36.62 million tons, Chuan Association of 15.78 million tons, internal enterprises 2.93 million Tons, market customers 2.41 million tons.



In terms of thermal coal contracts, a total of 10.81 million tons of contracts were signed with Huadian Group, Guodian Group, Datang Power Group and other enterprises, of which direct sales reached 6.91 million tons and 3.9 million tons were launched. Orders were resumed with some Power Group power plants that had previously lost supply due to resource reasons.



The conference showed the following characteristics: First, Shanxi's coking coal leadership position is more stable. Under the current trend of large-scale coke ovens, high-quality coking coal in Shanxi is irreplaceable in the national market. It has certain advantages in terms of resource scarcity, quality and supply assurance, and transportation security. Leading position. The second is the role of China's coking coal brand cluster. The eight coking coal companies occupy nearly 30% of the market share, maintaining the balanced development of the upstream and downstream industry chains, and achieving benefit sharing and risk sharing. 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 domestic coking coal supply has entered a basically stable state of volume and price. The stable long-term association operation mechanism and the construction of a coal-steel coke destiny community have been deeply rooted.



During the meeting, Shanxi Coking Coal held in-depth negotiations with various customers, listened to the specific needs of customers, answered specific questions such as quality and price raised by customers, and docked specific cooperation in the next step. After negotiations, the supply and demand market for coking coal will basically lock in 2020, and a quarterly price adjustment mechanism will be formed. The rest of the customer contract negotiations will be concentrated in mid-December.

    

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