The hottest power steel intensifies the competitio

Electric power and steel intensify the competition for coal resources

with the high fluctuation of coal prices, high-quality coking coal and power coal resources are in short supply. As the downstream of the coal industry, steel and power enterprises have extended to the upstream to obtain resources

On April 28, Wuhan Iron and Steel Group and Henan Pingdingshan Coal Industry Group signed a 3.6 billion yuan cooperation agreement to jointly build a 10 million ton coal reserve center and strengthen strategic cooperation. After the signing of the cooperation agreement, WISCO became the second largest shareholder of Pingdingshan coal. Analysts believe that the industry with the greatest impact on the downstream of the rise in coal prices is the power industry. Compared with steel enterprises, the cooperation trend between the power industry and the coal industry is more obvious and urgent

steel enterprises test water in the field of coal

at present, domestic coking coal supply is tight, and the price rising trend is still very strong. According to the new round of price negotiation of Xishan Coal and power, from April 1st, 2008, the tax included price of coking clean coal of the company was increased from 810 yuan/ton to 1040 yuan/ton; The tax price of fat and clean coal was increased from 860 yuan/ton to 1105 yuan/ton; The tax inclusive price of lean clean coal was raised from 670 yuan/ton to 770 yuan/ton

Liu Zhenjiang, Secretary of the Party committee and vice president of China Iron and Steel Industry Association, said recently that the contradiction between supply and demand of domestic coal resources has become prominent. The price of imported ore has increased by 65%, and the price of coke has increased by 200%. Coking coal and coke resources will have a greater restrictive effect on global steel production than ore. Under the influence of rising coal prices, will the trend of cooperation between steel enterprises and the coal sector accelerate

it is reported that WISCO will obtain a stable supply of coke after the completion of Pingmei ten million ton coal reserve center, and the supply will rise from the current 3million tons to 8million tons within five years. Some insiders believe that WISCO's ton price of coal can be more than 200 yuan cheaper than the market price, which can save about 600million yuan a year

CITIC Pacific, which has successively acquired three special steel enterprises in the mainland, including Xingcheng Special Steel, Daye Special Steel and Shijiazhuang Iron and Steel Co., Ltd., also said at the annual report performance briefing that the group has spent HK $1.6 billion to acquire 30% of the equity of a coal mine in Shandong. After completion, the annual output of this coal mine is expected to reach 6million tons, which is mainly used to provide high-quality raw coal for production. Rong Zhijian, chairman of the board of directors of the group, said that the move was intended to ensure the supply of raw materials for steel production. At the same time, CITIC Pacific will continue to look for other opportunities to acquire coal assets in the mainland

however, some analysts believe that steel enterprises testing the water in the coal field is more conducive to the long-term development of steel enterprises, but such cooperation will not be very urgent in the near future. This person believes that the proportion of coking coal in pig iron is relatively low, about 30%. At the same time, steel enterprises can absorb the pressure of raw material costs by raising prices. Therefore, the rise in coking coal prices does not have a great impact on the steel industry

Lu Ping, an analyst at China Merchants Securities, also believes that due to the tight supply of coking coal, the cooperation between steel enterprises and the coal industry is more based on the stable supply, and the factors subject to price constraints are relatively low. At the same time, such cooperation often follows the principle of proximity to save transportation costs. The cooperation between WISCO and Pingmei shows that mo2.5, WISCO invested 2.1 billion yuan to invest in Hubei pinge Coal Port Co., Ltd. and participated in the construction of new developed coal mines in Pingmei

electricity is more urgent to seek coal

compared with the steel industry, because the price of electricity is controlled by the state, the power industry is facing greater cost pressure, and the trend of seeking cooperation and investment with the coal field is more obvious

facing the pressure of cost, several major power generation groups have taken measures to strengthen cooperation and expansion in the coal field. Huayin power (600744), a listed company of Datang Group, signed a cooperation agreement with Hunan Coal Group in April this year to jointly develop coal resources in Liupanshui, Guizhou Province and realize coal power joint venture. The proved reserves of coal in Liupanshui area of Guizhou Province reach 5 billion tons, and the recoverable amount exceeds 3.3 billion tons. Datang Shaanxi Power Generation Co., Ltd. also signed an equity transfer agreement with Shaanxi Galaxy investment group at the end of April this year to acquire 49% of the equity of Yinhe Hongtai Coal Power Co., Ltd., filling the gap in Datang Shaanxi's coal industry layout in Inner Mongolia Autonomous Region

with the high fluctuation of coal price, high-quality coking coal and power coal resources are in short supply. As the downstream of the coal industry, steel and power enterprises have extended to the upstream to obtain resources

On April 28, Wuhan Iron and Steel Group and Henan Pingdingshan Coal Industry Group signed a 3.6 billion yuan cooperation agreement to jointly build a 10 million ton coal reserve center and strengthen strategic cooperation. After the signing of the cooperation agreement, WISCO became the second largest shareholder of Pingdingshan coal. Analysts believe that the industry with the greatest impact on the downstream of the rise in coal prices is the power industry. Compared with steel enterprises, the cooperation trend between the power industry and the coal industry is more obvious and urgent

steel enterprises test water in the field of coal

at present, domestic coking coal supply is tight, and the price rising trend is still very strong. According to the new round of price negotiation of Xishan Coal and power, from April 1st, 2008, the tax included price of coking clean coal of the company was increased from 810 yuan/ton to 1040 yuan/ton; The tax price of fat and clean coal was increased from 860 yuan/ton to 1105 yuan/ton; The tax inclusive price of lean clean coal was raised from 670 yuan/ton to 770 yuan/ton

Liu Zhenjiang, Secretary of the Party committee and vice president of China Iron and Steel Industry Association, recently showed that the contradiction between supply and demand of domestic coal resources has been prominent, with the price of imported ore rising by 65%, coke rising by 200%, coking coal Coke resources will play a more restrictive role in global steel production than ore. Under the influence of rising coal prices, will the trend of cooperation between steel enterprises and the coal sector accelerate