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The calcined petroleum coke resolving global prospect of coal industry in 2016
来源: | 作者:jzc-cokes.com | Publish time:2018-08-15 | 153 Views: | 分享到:

Calcined petroleum coke on the development of coal, the United States has hit a six-year low in coal prices, and 2016 may further decline. International coal prices are not much better, with Australian coal prices falling by more than 8% between July and December 2014 and European coal prices by nearly 4.4%. Forecasts for 2016 suggest that Australian coal prices are likely to fall by nearly 9% and European coal prices could fall by as much as 25%. At present, the coal industry is in deep trouble for two reasons: falling demand from China and a stronger dollar. Last year, China implemented coal import restrictions, and coal imports fell by 11%. China's coal demand is expected to decline by 9% in 2016. The strength of the US dollar has benefited Russian, South African and Australian producers. The ruble plunged and Russia is expected to produce as much coal as possible this year in an attempt to squeeze high-priced producers out of the market. Australia will adopt the same strategy. If this strategy sounds familiar, it is because Saudi Arabia used it when crude oil prices fell and Saudi Arabia pressed other OPEC members to maintain its market share. How did the US coal producers respond? Peabody energy expects its revenues and costs in the US and Australia will decline by 2-4% in 2016. In 2015, Peabody completed 191.4 million tons of coal sales in the U.S. Department of Business and 38.2 million tons of coal sales in the Australian Department of Business. In addition, the trading and brokerage businesses sell 20 million 200 thousand tons of coal. The company expects its coal sales from U.S. coal mines to be between 190 million tons and 29 million tons in 2016 and from Australia. Aqi Coal announced on February 3 that its operating margin per ton of coal sold in 2015 was negative 36 cents, and in the fourth quarter of last year it managed to achieve operating margin of 37 cents, although the average selling price fell below $20 a ton. The company's output outlook for 2016 calls for a total of 1303 to 143 million tons of steam and coking coal, almost in line with its 134.4 million tons of coal sales in 2014. This week Alfa's natural resource will announce its 2014 performance, but it has encountered many problems. The chairman of the company resigned in mid-January to become chief executive of another coal company, and last week Alpha Natural Resources closed three of its coal mines and laid off two other coal mines with an annual output of 1.5 million tons. Affected by the strong U.S. dollar, some U.S. coal producers have shifted from exporting coal to China to exporting coal to other countries. In the U.S. domestic market, coal prices are being challenged by the continuing downturn in natural gas prices and the EPA's increasing demand for carbon reduction from coal-fired power plants.  Although the coal industry continues to oppose new regulations aimed at reducing carbon emissions from coal-fired power plants, they may be doomed to lose in the battle. As the US closes its old and dirty coal-fired power plants, the demand for coal will continue to slide. This is also happening in China and other countries.  Pressure from renewable energy, especially solar and wind energy, will also reduce coal demand. Viewed from home and abroad, the short term outlook for coal is weak and the long-term outlook may be even weaker.