Market Research Report On China's Coke and Coking Industry in 2006 

Market Research Report On China's Coke and Coking Industry in 2006

Introduction

Published:Mar 23 2007

Coke enterprises have spread across China except Hainan and Tibetan Autonomous Region; by the end of 2006, according to statistics by National Bureau of Statistics of China, there were 985 coke enterprises in China. Apart from 50 enterprises which are coke enterprises affiliating to key large and medium sized iron and steel complexes, over 90% of coke enterprises are independent coke enterprises which only deal with coking to supply urban citizens with coal gas or produce coal products; by the end of 2006, production capacity of coke has exceeded 0.3 billion tons; 1/3 of production capacity is in iron and steel complex or beyond large and medium cities, and over 60-70% of production capacity is in coal-producing areas.

In 2007 production capacity of coke will exceed apparent consumption volume by 8.6%. Though production capacity is still excessive, degree of excess is far below that in 2005 and 2006. In 2008 production capacity will be 5.7% lower than demand and then supply and demand structure will have a fundamental change. However, if 70% of production capacity which need to be washed out can be closed, supply and demand structure in 2007 will change; but if demand increases by 5% and production capacity closed are lower than expected, in 2008 production capacity will be still excessive. Price trend of coke industry depends on speed at which government closes production capacity to be washed out as well as growth rate of iron and steel industry.

Table of contents

1.Coking coal resources in China 4
1.1 Category of Coking coal 4
1.2 Total reserve and distribution of coking coal 4
1.3 Features of coking coal resources 8
1.4 The proven recoverable reserves of coking coal 9
2.Coking coal market in 2006 10
2.1 Coking coal output 2005-2006 10
2.2 Demand for coking coal in 2006 14
2.3 imports of Coking coal in 2006 14
2.3.1 imports of Coking coal by country in 2006 14
2.3.2 imports of Coking coal by Customhouse in December, 2006 15
2.3.3 imports of Coking coal by province in December, 2006 15
3. Analysis on production capacity and technique of coking coal 16
3.1 Coking technique 16
3.2. Capacity of dressing by washing 17
3.3. Production capacity of coking 18
3.3.1. China's production capacity of coking 18
3.3.2. Current situation of coke oven production capacity and statistics of increase of future production capacity 19
4. Analysis on coking coal market in 2007 23
4.1. Forecast on output of coking coal in 2007 23
4.2. Price of coking coal in 2007 25
5 The Present Situation and Development Trend of Crude Benzene Manufacturing in China 26
5.1 Market situation of benzene products 26
5.2. Source of Crude Benzene 28
5.3. The manufacturing technique and market analysis of crude benzene 31
5.3.1 Acid washing method 31
5.3.2 Hydrogenation 34
5.4 Price expectation and market developing trend 36
6 Analysis of the Coke Market in 2006 37
6.1 Coke output in 2006 37
6.1.1 Annual coke output by province from 2001 to 2006 in China 37
6.1.2 Output of coke by enterprise in 2006 45
6.2 Coke price in 2006 48
6.3 Coke consumption from 2005 to 2006 51
6.4 Coke import and export in 2006 53
7 Forecast of the Coke Market in 2007 55
7.1 Forecast of the coke supply and demand 55
7.2 Forecast of coke demand 57
7.3 Forecast of coke price 58
7.4 Forecast of coke export 63
7.5 Forecast of international market 63
7.6 Measures: Overall control 64
8 Behavior of price and index of coke products in 2006 65
8.1. Movement of price and index of coal tar and crude benzene 65
8.2. Whole year price behavior by area and variety 66
8.3. Analysis on price and the reason for it by variety in 2006 67
9. Economic indictors analysis of China's coking industry 69
9.1 Basic conditions of China's coking industry 69
9.1.1 Number of enterprises 69
9.1.2 Number of loss making enterprises 71
9.1.3 Loss amount of loss making enterprises 73
9.1.4 Number of total employees 77
9.2 Assets and liability conditions of China's coking industry in 2006 81
9.2.1 Total asset 81
9.2.2 Total liability 84
9.2.3 average balance of net fixed assets 86
9.2.4 Average balance of floating assets 88
9.3 Revenue, cost, espenditure and profit conditions of China's coking industry in 2006 91
9.3.1 Sales revenue 91
10.3.2 Sales cost 93
9.3.3 Sales expense 96
9.3.4 value-added tax and extra charge 98
9.3.5 Accumulative Net accounts receivable 101
9.3.6 Accumulative finished products 103
9.3.7 Accumulative administrative expense 105
9.3.8 Accumulative financial expense 108
9.3.9Accumulative profit 110
9.3.10 Accumulative tax 112
9.4 Economic indicators of China's coking industry 115
9.4.1 Capital maintenance and increment ratio 115
9.4.2 Debt to assets ratio 118
9.4.3 Ratio of output value to profit and tax 120
9.4.4 Profitability to capital ratio 122
9.4.5 Turnover frequency of floating assets 124
9.4.6 Sales rate Per capita 126
9.4.7Funds occupancy rate of finished product 130
Tables 133
Figures 135

Tables

Table 1 Chinese Coking Coal Classification Index (Chinese Coal Classification GB 5751¡ª86) 4
Table 2 The reserve and resources of coking coal in various areas of China 5
Table 3 Main provinces (cities, districts) with coking coal resource in China 6
Table 4 Reserve distribution of various coking coal in China% 7
Table 5 The total reserve and classification table of coking coal in China 8
Table 6 Output of clean coal of key state-owned coal mines From January to December in 2006 12
Table 7 imports of Coking coal by country in December, 2006 14
Table 8 imports of Coking coal by Customhouse in December, 2006 15
Table 9 imports of Coking coal by province in December, 2006 15
Table 10 Number of coke enterprises in China, 2001-2006 18
Table 11 Production capacity of coke and forecast of consumption volume(0.01 million tons) 20
Table 12 Projection of the supply and demand in China 27
Table 13 output of crude benzene from 2003--2008 30
Table 14 Domestic distribution of benzene output of acid washing method in 2005 32
Table 15 Distribution of production capacity, output and projects under construction of hydrogenated benzene in 2005 35
Table 16 Analysis and estimation of crude benzene market 36
Table 17 Output of coke of scale above enterprises by province in December 2006 in China Unit£º10£¬000tons 38
Table 18 Output of coke of scale above enterprises by province in December 2005 in China Unit£º10£¬000tons 39
Table 19 Output of coke by province in December 2004 in China£¨ton£© 40
Table 20 Output of Coke produced by Mechanized Coke Oven by province in China in 2004£¨ton£© 40
Table 21 Output of Coke produced by Mechanized Coke Oven by province in December 2003 41
Table 22 Output of Coke produced by Mechanized Coke Oven by province in December 2002 42
Table 23 Output of coke by month in 2001 43
Table 24 Output of coke by province in 2001 44
£¨Unit£ºton£© 44
Table 25 ouput of Coke produced by Mechanized Coke Oven of main enterprises in December£¬2006 45
Table 26 Changes in the Coke Price Index 50
Table 27 Coke Consumption in Major Sectors 2001-2006 52
Table 28 Comparison between the total coke export volume in tons and in US dollars 54
Table 29 Statistics on China's Coke Export in Each Custom 54
Table 30 Forecast the consumption of coke of major industries in 2007-2011 58
Table 31 Number of loss making enterprises of China's coking industry in 2006 71
Table 32 loss amount of loss making enterprises of China's coking industry in 2006 73
Table 33 Growth of loss amount of loss making enterprises of China's coking industry in 2006 compared with the same period of last year 75
Table 34 Number of employees of China's coking industry in 2006 77
Table 35 Growth of Number of employees of China's coking industry in 2006 compared with the same period of last year 79
Table 36 Total assets of China's coking industry in 2006 80
Table 37 Growth of Total assets of China's coking industry in 2006 compared with the same period of last year 82
Table 38 Total liability of China's coking industry in 2006 83
Table 39 Growth of Total liability of China's coking industry in 2006 compared with the same period of last year 84
Table 40 average balance of net fixed assets of China's coking industry in 2006 85
Table 41 Growth of average balance of net fixed assets of China's coking industry in 2006 compared with the same period of last year 86
Table 42 average balance of floating assets of China's coking industry in 2006 87
Table 43 Growth of average balance of floating assets of China's coking industry in 2006 compared with the same period of last year 88
Table 44 Sales revenue of China's coking industry in 2006 90
Table 45 Growth of Sales revenue of China's coking industry in 2006 compared with the same period of last year 91
Table 46 Sales cost of China's coking industry in 2006 92
Table 47 Growth of Sales cost of China's coking industry in 2006 compared with the same period of last year 94
Table 48 Sales expenditure of China's coking industry in 2006 95
Table 49 Growth of Sales expenditure of China's coking industry in 2006 compared with the same period of last year 96
Table 50 value-added tax and extra charge of China's coking industry in 2006 97
Table 51 Growth of value-added tax and extra charge of China's coking industry in 2006 compared with the same period of last year 98
Table 52 Accumulative Net accounts receivable of China's coking industry in 2006 99
Table 53 Growth of Accumulative Net accounts receivable of China's coking industry in 2006 compared with the same period of last year 100
Table 54 Accumulative finished products of China's coking industry in 2006 102
Table 55 Accumulative administrative expense of China's coking industry in 2006 103
Table 56 Accumulative administrative expense of China's coking industry in 2006 104
Table 57 Growth of Accumulative administrative expense of China's coking industry in 2006 compared with the same period of last year 105
Table 58 Accumulative financial expense of China's coking industry in 2006 106
Table 59 Growth of Accumulative financial expense of China's coking industry in 2006 compared with the same period of last year 107
Table 60 Accumulative profit of China's coking industry in 2006 108
Table 61 Accumulative profit of China's coking industry in 2006 by this month since last year 110
Table 62 Accumulative tax of China's coking industry in 2006 111
Table 63 Growth of Accumulative tax of China's coking industry in 2006 compared with the same period of last year 112
Table 64 Capital maintenance and increment ratio of China's coking industry in 2006 113
Table 65 The best level of Capital maintenance and increment ratio of China's coking industry in 2006 114
Table 66 Debt to assets ratio of China's coking industry in 2006 116
Table 67 The best level of Debt to assets ratio of China's coking industry in 2006 117
Table 68 Ratio of output value to profit and tax of China's coking industry in 2006 118
Table 69 The best level of Ratio of output value to profit and tax of China's coking industry in 2006 119
Table 70 Profitability to capital ratio of China's coking industry in 2006 120
Table 71 The best level of Profitability to capital ratio of China's coking industry in 2006 121
Table 72 Turnover frequency of floating assets of China's coking industry in 2006 122
Table 73 The best level of Turnover frequency of floating assets of China's coking industry in 2006 123
Table 74 Sales rate Per capita of China's coking industry in 2006 124
Table 75 The best level of Sales rate Per capita of China's coking industry in 2006 126
Table 76 Funds occupancy rate of finished product of China's coking industry in 2006 128
Table 77 The best level of Funds occupancy rate of finished product of China's coking industry in 2006 129

Figures
Figure 1. Area distribution of the coking coal reserve in China 9
Figure 1 output proportion of various coal used for coking 12
Figure 2 production of coking in China(2001-2006,2007-2011 for projections) 10£¬000tonns 19
Figure 3 Trend of China's Coke Output 2001-2006 (10, 000 tons 37
Figure 4 Trend of China's Coke Monthly Output in 2006 (10, 000 tons) 38
Figure 5 Price Trend of Grade II Metallurgical Coke in China£¨Yuan/ton£© 51
Figure 6 China's Coke Consumption in Major Sectors 2005-2006 52
Figure 7 Coke Rate (kg/t) of Steel Enterprises 1993-2006 53
Figure 8 Forecast on the Coke Output in China (10,000 tons) 57

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