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Market Research Report
Product code
1065102
2021 China Coking Coal Market Study and 2022 Outlook |
2021 China Coking Coal Market Study and 2022 Outlook |
Published: January 31, 2022
sxcoal.com
Delivery time: 1-2 business days
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Looking back at 2021, the world economy has gradually recovered from the impact of the COVID-19, but the rhythm is differentiated due to different control ability on it. In the starting year of the 14th Five-Year Plan, China is the first economy to get out of the shadow of the pandemic. It realizes stable economic operation in 2021 by actively responding to internal and external challenges.
Driven by economic recovery at home and abroad, steel demand keeps strong and production of crude steel and pig iron hit record highs in the first half of the year. However, under carbon peak and carbon neutrality goals, production reduction measures escalate in the second half of the year, and steel output has seen a significant decline. As new coke capacity is commissioned, coking coal consumption keeps high.
Domestic coking coal supply is greatly restricted by various inspections and important festivals and events, leading to falling operating rate of coal mines and short supply at producing areas. As Australian coal is banned and Mongolian coal clearance has been disrupted by the pandemic, China's coal imports fall sharply in 2021. So, total coking coal supply maintains tight in a long term.
Due to tight supply and strong demand, coking coal supply gap persists and the annual average price is significantly moving up.
As approaching the end of 2021, Fenwei is timely releasing "2021 China Coking Coal Market Study and 2022 Outlook", to review and interpret important policies affecting coking coal market in 2021, and also provide detailed analysis and forecast in 2022 centering on policy environment, demand, production, supply, price, import & export, etc.
The report incorporates abundant data, figures and technical parameters in clear analytic logics and viewpoints, which shall definitely act as a valuable reference for market participants to become versed in the development trend of China's coking coal industry.