Entry Level Euphonium,Bb Flat Euphonium,Compensation Euphonium,Brass Instrument Euphonium ZhengOu Musical Instruments Co.,LTD , https://www.zomusical.com
According to analysis, the recent slowdown in the export of coke from Jiangsu ports and the continued rise in prices are mainly affected by the country’s upward adjustment of export tariffs. In order to protect domestic resources, reduce environmental pollution, and suppress excess coke capacity, the state imposed a 5% export tariff on coke from November 1, 2006. On June 1 this year, China once again raised the export tax rates for coke and semi-coke, and adjusted the temporary cole and coke export tax rates from 5% to 15%. The increase in export tariffs has increased the export costs of enterprises, which has directly led to the recent slowdown in coke export prices.
It is worth noting that the continued high prices of coke may lead to the blind expansion of new industries. The price of domestic coke has increased for 6 consecutive times in more than one year. The price of coke per ton has increased by nearly 300 yuan, and the profits of enterprises have also rapidly increased. While accelerating the development of the industry, we should be alert to the three major problems caused by the continuous rise in coke prices.
One is to guard against excessive release of production capacity. Due to the increase in the price of coke, some small-scale enterprises resumed production, and most of the companies also made full-scale production. As a result, the production pressure on the coke market increased. According to the statistics of the National Bureau of Statistics, the monthly growth rate of coke production in the first five months of this year was maintained at over 18%. In the next two years, the capacity of the large- and medium-sized coke ovens under construction or proposed is still as high as 50 million tons. The substantial increase in production may cause the imbalance between supply and demand in the late and even short-term.
According to the State Council’s recent work report on energy conservation and emission reduction, in 2007 China will eliminate coke outdated production capacity by 10 million tons and eliminate backward production capacity by 80 million tons within five years. According to the National Development and Reform Commission, currently there are 1,400 coke production enterprises in the country, with a production capacity of 320 million tons, while only 108 companies are in line with industry access conditions, and the production capacity is about 125 million tons, which account for 7.7% and 39.1% of the existing total respectively. . The later period does not rule out that the country further restricts exports by raising coke export tariffs, cutting quotas, and other policies, and the coke export market is in a stable and decreasing trend over the long term. Therefore, relevant departments must warn the enterprises to keep a clear head on the overall situation of the industry and market dynamics, and appropriately control the output according to market demand in due course.
The second is to watch for more pressure on the environment. Coking pollution has always been a nuisance that has plagued the development of the industry. The recycling of chemical products such as coke oven gas, coal tar, and crude benzene produced in the coke production process is very low, resulting in serious pollution and waste. While coking production consumes energy, it produces a large amount of coke oven gas resources. According to the roughly calculation of 400 cubic meters of coke oven gas produced per ton of coke, the country currently produces nearly 80 billion cubic meters of coke oven gas every year. About 25 billion cubic meters of coke oven gas are not used effectively each year, and most of them are directly Emissions or burning in a "day light" way wastes resources and pollutes the environment. Calculated at 0.2 yuan/cubic meter, the direct economic loss of these wasted coke oven gas exceeds 5 billion yuan/year. From the perspective of industrial development, if the recovery of coking products and the utilization of coke oven gas are carried out unfavorably, companies will face losses. If coke enterprises have no time to take into account when the coke market is in good shape and they are unable to take care of the market when the situation is bad, then the issue of “not focusing on coke†will not be resolved.
The third is to be alert to the investment impulse of the entire industry. The excessive growth of coke prices will lead to market fluctuations, which will also affect the company’s accurate expectations. It will stimulate new coke companies to start production. The already put into production may also plan to expand and increase production. A large number of social idle funds may be involved in the coke impulse. If not Controlling it will lead to new redundant construction and excess capacity in the industry. For coke enterprises and new investors, experts believe that as the structural adjustment of industries such as steel and coking has not yet been completed, the pace of national closure and elimination of outdated production capacity has just begun. Therefore, if some investors do not see the policy, blindly Non-compliant coke ovens will face danger of elimination.
It is understood that, at present, the relevant state departments have begun to study the elimination of backward coke production capacity of the exit method, by 2009, China's outdated coke production capacity to be eliminated will reach 80 million tons. The lesson of history reminds us that coke prices continue to rise and rise too fast, not the coking industry is truly positive, and steady development is the blessing of the industry.
China's coke exports show "amount of price reduction" trend should cause vigilance
According to customs statistics, from January to July this year, Jiangsu exported 1.286 million tons of coke, valued at US$220 million, which was 12.3% and 17.2% lower than the same period of last year.