Production and sales of the world coke market

From the perspective of the international market, the development of the coke market has experienced two important stages: from 2002 to 2005, the world's coke supply continued to grow, and in 2006, coke supply exceeded demand. Before 2002, the annual output of coke in the world was basically stable at around 350 million tons, supporting the steady development of the global steel industry. With the overall recovery of the world economy and the rapid development of the steel industry, the world's coke production rose to nearly 500 million tons in 2005, an increase of about 40% compared with 2001.

In the past 10 years, world coke production has gradually been dominated by Asian regions, especially China. From 1998 to 2008, Asian coke production more than doubled, European coke production fell by 18%, North American production fell by 22%, and the former Soviet Union (CIS) coke production increased by 29%. The current increase in coke production in the world is mainly due to the increase in coke production in China. In 2009, the global coke production was 580 million tons, of which China's coke production totaled 350 million tons, accounting for 60% of the world's total coke production, and was in the world's leading position. The coke production in Europe was basically stable at around 50 million tons, but it accounted for the world's coke production. The proportion has decreased year by year, from 14% in 2001 to less than 10% at present; coke production is generally declining due to the aging of coke ovens and strict environmental protection in North America.

With the rapid growth of the global economy, the strong demand for coking in the world has not changed. In general, since the coke consumption of steel production in most developed countries accounts for 90%-95% of the total coke consumption, the apparent consumption of coke basically increases with the increase of pig iron production. According to the statistics of worldsteel, the global crude steel output in 2001 was 800 million tons, and it soared to 1.2 billion tons in 2009. With the further development of iron and steel metallurgy, chemical non-ferrous metals, mechanical casting and other industries, the demand for coke will continue to increase.

In terms of regions, except for Africa, coke demand in other regions has maintained a growth momentum, with Russia, Ukraine and other countries increasing by more than 10%. Due to the completion of industrialization and urbanization construction in developed countries and regions such as Europe, America and Japan, the transfer of steel metallurgy and machinery manufacturing, steel demand is basically in a steady downward trend, and the demand for coke in steel production is basically stable; some developments in Asia China's steel production, especially China and India, is growing rapidly, and demand for coke continues to grow.

Due to factors such as resource constraints and coke oven aging, supply and demand in the coke market around the world are in a non-equilibrium state, which has led to the import and export of coke. While the world's coke production is growing rapidly, the growth rate of coke trade is much slower. In recent years, the volume of coke trade has shown a downward trend. The world's coke export trade volume was less than 30 million tons in 2002, and it only increased to 30 million tons in 2005. In recent years, the world's coke trade volume has basically stabilized at 30 to 35 million tons per year. With the slowdown in demand for steel in developed countries and regions such as the European Union and the United States and Japan, pig iron production has been in a stable period and coke demand has slowed down. At the same time, some coke ovens in some countries and regions with increased steel production will be put into production one after another. After recovery, coke production capacity increased, and the dependence on the import of coke in some countries declined. The global coke import and export trade also began to fall from a high level, and China's coke exports also tend to slow down.

Before 2008, China's coke exports were around 14 million tons/year, and China's coke exports played an important role in the world's coke export trade. In 2009, due to the impact of the financial crisis and China's adjustment of coke export tariffs, China's coke exports plummeted and recovered in 2010, but it is still far from the level in 2008.