Longchamp Günstig lost profits of coal enterprises in Shanxi Shanxi Fen

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Coal prices in Shanxi Fen lost profits oversupply of coal this year
Click image to view detailed data on April 16, at the China International Coal Conference, China (Taiyuan) Coal Trading Officer Kenneth curved swords and other industry insiders estimate that the slowdown in demand, the impact of imports, inventory pressures, industrial economy The situation has not yet fully recovered during the year to maintain the coal market oversupply pattern. Domestic coal market oversupply situation since May 2012 began, coal demand and prices decline, inventories increased dramatically. As coal prices decline, coal companies profits rose sharply. It is noteworthy that in the first two months of this year, lost profits of coal enterprises in Shanxi Shanxi Fen, Fen surpassed coal as the most profitable enterprises in Shanxi. Benefit from the decline in coal, power generation business conditions generally favorable. Competition in the coal and electricity, the power companies have the upper hand, coal farewell golden age. Fen profit decreased significantly reduced over coal coal coal profits. According to Shanxi Bureau of Statistics, from January to February this year, Shanxi coal industry revenue profit fell 53.1%. In contrast, the first two months Fen Group profit 890 million yuan, profits for the first time replaced coal as the largest industrial enterprises in Shanxi. Shanxi is not the case. From the national situation, coal decline in investment, Longchamp Günstig imports of coal increased, rising inventories, slower growth in industrial electricity, coal industry coerced in which the short term is difficult to reverse. According to the National Bureau of Statistics and Customs data, the first quarter of this year, China's coal industry investment in fixed assets decreased by 12.6%; imports 80 million tons of coal, an increase of 30.1%, low-cost imported coal impact on the domestic market. Last one Bohai thermal coal price index shows 5500 kcal Bohai thermal coal price is 616 yuan / ton, down is Longchamp Online Shop the Lululemon Online first 14 weeks, the price dropped to a low of the last three years. Relative to 860 yuan / ton, the highest price, the price of coal per ton cut 250 yuan. On the day of the meeting, CLSA Asia-Pacific market commodities strategist Ian Luo Puer that since the railways, highways and other transportation facilities and the integration of coal resources in China, the coal market is currently in an adequate supply of state, Chinese coal prices will not increased significantly. "The next 5-10 years will be in the $ 92 price of coal / ton." There are coal traders told reporters, because the price is low, electricity consumption slowdown, weakening the profitability of coal enterprises, a number of private enterprises began to consider moving to non- coal industry, exit from the coal fields. According to Bureau of Energy statistics, a quarter of the national electricity consumption 1.2 trillion kwh, an increase of 4.3%, the growth rate down 2.5 percentage points. Same period, the national thermal power generating capacity increased by only 0.87%, of which the southeast coast of negative growth. Due to reduced demand for thermal coal, port, power plant coal stocks higher. Recently, Qinhuangdao Port coal stocks remained at 700 million tonnes. Coal Market analysts said that at present, Longgang plant in Henan coal below 5000 kcal basic rejected, Dengfeng China Resources Power Plant Inventory 250,000 tons of coal, coal has stopped closing. Good day with the advent of thermal power coal prices to benefit from low cost benefits, as well as price increases in some areas, the overall domestic thermal power enterprises to improve operational efficiency, a change in operating losses, high debt state. This also means that coal distribution of benefits between the industrial chain appear steering, bid farewell to the golden years, while coal, thermal power good day coming. National Bureau of Statistics latest figures show that in 2013 January-February electricity industry realized profits of 46 billion yuan, 1.5 times more than last year, the new profit 27.5 billion yuan, accounting for 26.5% of all new profits. To focus on power companies, for example, 2012 Guodian power installed capacity exceeded 120 million kilowatts, gross profit increased by approximately doubled net profit more than doubled net assets yield 3.41 percent growth, asset-liability ratio for the first time in nearly three years low at the beginning of the level. Guodian Guodian holding a quarter total revenue of 14.278 billion yuan, an increase of 11%; net profit of 1.422 billion yuan, an increase of 384%. Huadian Group, Huadian Power International 2012 net profit of 1.417 billion yuan, an increase of nearly 17 times the increase among the first in power enterprises. SDIC Electric Power Results earnings guidance announced that first quarter net profit will be Celine Taschen more than 400 million yuan, profit exceeded market expectations. Generating capacity totaled 17.893 billion kwh, respectively, compared with the same period last year increased by 18.39%. Coal experts Pu Hongjiu also reminds us should focus on easing of short-term and long-term total coal supply shortage. The next few years, the national coal consumption will be 3% -4% growth in gross domestic product warranty "double." "By 2020, the national coal consumption will be 4.8 billion -53 billion tons in 2012, based on an increase of 14 million tons and then even consider the import of 300 million tons, the domestic coal supply will increase to 4.8 billion ton. seen easing of short-term and long-term coal supply total lack of contradiction. "Pu Hongjiu said.