The hottest power coal price index in China hit a

China's power coal price index hit a record low, and the performance of coal enterprises is expected to decline by 90%

some analysts said that in the first half of 2014, the domestic coal price fell sharply, returning to the bottom area, and the power coal price hit a new low in recent years. Bohai Rim thermal coal price index hit a record low

Coal Enterprises' semi annual report performance forecast fell by 90% year-on-year. Analysts believe that the coal market still faces a situation of oversupply, and the business environment of the coal industry is not optimistic

Coal Enterprises' semi annual report performance forecast fell by 90% year-on-year

analysts believe that the coal market still faces a situation of oversupply, Editor's note: steel and coal are two industries with serious overcapacity. Under the tide of the country's efforts to control overcapacity, how about the semi annual reports handed over by listed steel and coal companies? There are various signs that the two industries have serious overcapacity, and the prospect is still worrying

in the middle of the year of the horse, it is regrettable that the coal market is still bottoming out, coal prices are falling endlessly, coal enterprises are getting worse day by day, and the report card of this half year is still unsatisfactory. According to the statistics of wind data, among the 10 coal enterprises that have released the performance forecast of 20 high-molecular waterproof material Waterstops gb18173.2 (2) 00014 semi annual report, only Yanzhou coal industry has achieved growth, and the performance of other coal enterprises has declined year-on-year, or even suffered losses

some analysts said that in the first half of 2014, domestic coal prices fell sharply, returning to the bottom area, and the price of thermal coal hit a new low in recent years

it is worth noting that recently, due to high inventories, Shenhua once again lowered the latest coal price. As a weathervane of the coal market, other coal enterprises will soon follow suit, and a new round of coal price reduction is coming. Some analysts believe that the pressure of environmental protection will lead to no significant change in coal demand, and the coal market will still face a situation of oversupply. It is expected that the coal price will still hover at the bottom in the second half of the year, and the business environment of the coal industry is not optimistic

the performance of coal enterprises in the first half of the year is worrying

wind data shows that as of June 29, only 10 of the 45 coal enterprises have released the performance forecast of the 2014 semi annual report. Among them, Zhengzhou coal power and Shanghai Energy said that their performance would decline significantly

Zhengzhou coal power said that due to the impact of national macro policies, the coal market continued to be depressed, and the situation of both volume and price declines in the coal industry was difficult to reverse in the short term. It is expected that the semi annual performance will decline significantly compared with the same period

in fact, due to the decline of coal price and sales compared with the same period, Zhengzhou coal power only achieved a net profit of 1.87 million yuan in the first quarter, a year-on-year decrease of 97%

*st guochuang, Heihua and other companies are expected to suffer performance losses in the first half of the year. Yunmei energy is expected to have a year-on-year decrease in net profit of 99%, and the open-pit coal industry is expected to have a year-on-year decrease in net profit of 45%. Dayou Energy said that compared with the same period last year, the net profit may change significantly

in addition, China coal energy also said that due to the great changes in the supply and demand situation of the domestic coal market, the coal price continued to be depressed, which may lead to the decline of the company's semi annual performance year-on-year. The company achieved a net profit of 699 million yuan in the first quarter, a year-on-year decrease of 64.9%, mainly due to the impact of the market situation, the company's current sales scale and profit decreased year-on-year, and the net profit decreased

it is worth noting that Yanzhou coal industry stood out from many coal enterprises in the first half of the year, and Wang Yiyue became the king of profits this year from last year's loss. Yanzhou coal industry is expected to achieve a net profit of 700million yuan in the first half of the year, an increase of 129% year-on-year, and turn losses into profits. Last year, affected by exchange gains and losses and the provision for asset impairment, Yanzhou Coal achieved a net profit of -2.397 billion yuan

carbon fiber reinforced plastics will grow steadily by 9% every year. Zhang Xue, a coal industry analyst at Pacific Securities, said that in the first half of 2014, domestic coal prices fell sharply and returned to the bottom area, resulting in negative growth in coal production, continued downturn in international coal prices, and power coal prices hit a new low in recent years. The growth rate of the downstream coal industry fell to less than 5%, and the demand for coal weakened; Affected by the weak demand for coal, China's coal imports have accumulated a negative growth year-on-year for the first time since 2008; Domestic coal inventory remains high, and the inventory of key coal mines has reached a new high, increasing the pressure to destock. On the whole, the fundamentals of the coal industry are currently at the bottom stage

coal prices continue to bottom out

since this year, coal prices have been falling. In June, the coal market continued to deteriorate. On June 25, the Bohai Rim thermal coal price index closed at 528 yuan/ton, a record low

on the same day, Shenhua Group announced that the price of thermal coal would be reduced from 0:00 on June 26 (to the end of July), of which 5800 kcal and 5500 kcal would be reduced by 20 yuan per ton, 5200 kcal would be reduced by 15 yuan/ton, and below 5000 kcal would be reduced by 10 yuan/ton

in fact, as early as early June, the market speculated that Shenhua would reduce the coal price. As expected, because the power plant's demand for power coal still did not significantly increase, the inventory of Huanghua port and Qinhuangdao Port continued to rise, and Shenhua could only reduce the coal price again

at present, there is still no sign of improvement in the coal market in the second half of the year. Zhang Xue believes that China will replace coal with non fossil energy and natural gas to realize the adjustment of energy consumption structure. In the future, the proportion of coal in China's energy consumption structure will decline, and the growth rate of coal consumption may fall to less than 1%, with little increase

in his view, the business environment of the coal industry in the second half of the year is not optimistic. Environmental pressure will have a negative impact on coal demand. Local governments' efforts to control air pollution have exceeded expectations, which may lead to a further decline in the growth rate of coal demand. It is expected that the coal price will still hover at the bottom in the second half of the year, and the business environment of the coal industry is not optimistic