On May 22, a gas explosion occurred in Liushenyu Coal Mine, Tongzhou Group, Qinyuan County, Changzhi City, Shanxi Province. After the accident, Shanxi Province immediately started coal mine safety rectification, and many coal mines stopped production for self-examination. Sources said that as of May 25, a total of 73 coking coal mines in the province had stopped production for self-inspection, involving a total annual production capacity of about 78.9 million tons, with an average daily output reduction of nearly 290,000 tons, and most of the coal mines had a self-inspection time of 3-5 days.
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only. The wide range and fast response of the shutdown exceeded market expectations. Qinyuan County of Changzhi is the hardest hit area, where 25 coal mines have stopped production, with a daily output reduction of more than 100,000 tons, and the time for resumption of production is to be determined; 29 coal mines in Jinzhong City have stopped production for 3 days, 11 coal mines in Luliang City are expected to stop production for 3 to 4 days, and 10 coal mines in Linfen City are to be determined. Even if calculated according to the shortest shutdown cycle, the cumulative output reduction in this round will exceed 1 million tons, and the resumption progress of Qinyuan County is the real variable. As soon as the news of
shutdown came out, Changzhi High-sulfur Anthracite Coal Mine took the lead in price adjustment: Dongzhang Coal Mine raised 40 to 50 yuan/ton, including tax price of 680 yuan/ton; Zhenxing Coal Mine raised 40 yuan/ton, including tax price of 670 yuan/ton; No.2 Coal Mine, Hongxing Coal Mine, Xincheng Coal Mine, Xiaohenan Coal Mine and other mines raised 20 to 50 yuan/ton.
Coal is the core fuel for cement production. For every 100 yuan/ton increase in coal price, the full cost of cement will rise by about 10 to 13 yuan/ton.
For cement enterprises whose profit margin is hovering on the profit and loss line, the cost fluctuation of a few yuan per ton may be the watershed between profit and loss. Especially at present, the domestic cement price is at a low level in the year, and the cement price index after May Day has fallen to the lowest level since the beginning of the year. The cost side is rising while the price side is low, and the profit margin of enterprises will be further narrowed under the two-way squeeze.
On the whole, cement enterprises with long-term coal association coverage or self-owned coal mines have suffered the least impact in this round of coal price rise. Cement enterprises that rely on spot market procurement are almost completely exposed to the impact of rising coal prices, and their ability to resist risks is weak.
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