How can coal enterprises save themselves if the ho

2022-08-26
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How can the "severe winter" continuous coal enterprises "save themselves"

How can the "severe winter" continuous coal enterprises "save themselves"

China Construction machinery information

poor business operation

in the research, it is understood that at present, 90% of the coal enterprises have losses, which is an indisputable fact

"many coal enterprises are almost unprofitable, and many coal mines in Ordos and Shenmu have been shut down. If the coal price falls by another yuan/ton, in addition to large state-owned coal enterprises, they can also make profits, and the remaining enterprises have no profits." Last week, in the survey, market participants said so

affected by the weak macro-economy and the shrinking industrial power consumption, the demand for coal has fallen sharply, the coal price has fallen, most coal enterprises have inverted costs, and production is in a state of loss. According to an unnamed person from a coal enterprise, more than 80% of the coal production losses in Ordos and more than 90% of the coal production losses in Shenmu. Such large-scale losses have led to the operating rate of Erdos coal enterprises being less than 50%, the shutdown rate of Dongsheng region being as high as 90%, and the operating rate of Shenmu coal enterprises being less than 60%

the person in charge of a coal enterprise in Shenmu revealed that among the 185 local coal mines, 103 County coal mines and 8 provincial and municipal coal mines were shut down. According to the number of coal mines, the number of shut-down reached 60%

in fact, most wells and mines in both Shenmu and Erdos have not been completely shut down, and intermittent small-scale production is the main theme. As for the open-pit mines in Ordos, most of them are closed

"there is a coal mine around us that has not stopped production, only slowing down the pace of production, while the open-pit mines have been shut down. We will consider resuming production after the market stabilizes." The relevant person in charge of an open pit mine in Inner Mongolia said

not only small coal mines are affected, but large coal mines are also facing operating pressure. According to the person in charge of a coal group we investigated, 7 of the 14 coal mines under the group are currently in production, and another 7 have been shut down due to low production, poor coal quality and high comprehensive mining costs

the coal enterprises in Ordos and Shenmu can be roughly divided into three categories. One is enterprises that have entered the coal market for a long time and obtained mines, and now have fully recovered costs. Such enterprises have abundant funds and no bank debts. Their production is basically breakeven, or even slightly profitable. Although they are still producing, their production momentum is relatively insufficient. The second category is enterprises that enter the market late and have higher mining costs. Although the enterprises have strength and almost no bank loans, the production of such enterprises is in a state of loss because the costs such as equipment depreciation have not been recovered, and there is little production momentum, especially in open-pit coal mines. The third category is enterprises with bank loans. They need to pay interest to the bank regularly. The bank does not want such enterprises to stop production or go bankrupt completely, so the bank will continue to put pressure on such enterprises to make them produce even in the case of losses, which can ensure that the cash flow of enterprises will not be broken, and the bank will not form substantial bad debts

coal enterprises that have to choose to produce in order to repay bank interest are not alone. The boss of a small coal mine in Shenmu (the mineral can reach 600000 tons, which is integrated by three small mines through asset replacement) revealed that they borrowed 1.6 billion yuan from the bank, Now, although the pithead price of coal produced is "I don't want to make a statement that 95 yuan/ton, 30 yuan per ton of coal loss, but in order to repay the bank interest, we have to adhere to production.

in addition, high taxes and fees have also increased the burden on enterprises. The coal market is depressed, and in the second half of last year, the state issued policies to clean up unreasonable fees and reduce taxes and fees to support the development of coal enterprises. In the survey, it was found that local governments have used some loopholes to increase organosilicon and Optoelectronics in the process of policy implementation The research on inorganic, non-metallic, high molecular and refractory materials is more authoritative, which places a burden on enterprises

"in the coal market, the national tax is currently charged at 17%, and the local tax was previously charged at 3 yuan/ton. The actual burden of enterprises is not heavy, but after adjustment, the local tax cost is increased by 15 ~ 17 yuan/ton at 6%. In addition, there are additional taxes, coal management fees, etc., of which the coal management fee is charged at 25 yuan/ton." The chairman of Shenmu No. 1 private coal mine poured bitter water. In the process of implementing national policies, the local government took advantage of the loopholes that could be exploited to charge more fees, which actually increased the burden on enterprises

production, sales and transportation both fell

the domestic coal market, both production and automobile and train transportation, fell. The same is true of Erdos and Shenmu. Under the background of continuous sluggish downstream demand, the coal enterprises in Erdos and Shenmu have changed their previous production and marketing strategies. Now, production is set by sales, production is carried out with orders, and production is basically not carried out without orders. Keeping low coal storage can not only reduce unnecessary storage costs for enterprises, but also reduce the cost of capital backlog

according to the data, in August, the coal production and sales in Ordos were 198 million tons, a year-on-year decrease of 4.7%, and the decrease in production and sales was more than that in the same period last year. Among them, the production and sales of local coal mines were 140 million tons, a year-on-year decrease of 2.9%; Shenhua's production and sales decreased by 58.29 million tons, a year-on-year decrease of 8.9%. In August, the coal production of coal mines in Shenmu county was 26.6732 million tons, a decrease of 9 million tons over the same period last year. The quality of Shenmu thermal coal is higher, and the reduction of coal production is not as good as that in other regions, but the decline in production and sales has expanded compared with the same period last year

according to the general manager of a well and mine in Ordos, last year, the enterprise was able to produce at full capacity. This year, the demand was obviously insufficient, and the production fell sharply. The front-line coal miners took turns to have holidays, and the workers' wages also began to decrease. The relevant person in charge of a local open-pit mine gave the production reduction data: "our open-pit mine produces 20000 tons of coal per day, which is more than half the production reduction when the market is good."

the "stampede" caused by the decline in demand caught people in the coal industry by surprise

the chairman of a small coal mine in Shenmu revealed that they started production last July, but due to the sluggish market, the enterprise is not operating at full capacity and only produces for the purpose of repaying interest. Without more sales orders, it will not consider expanding the production scale

in order to control the unnecessary cost increase caused by coal storage, the coal enterprises in Ordos and Shenmu took the initiative to reduce inventory. In the case of no order, the open-pit mine in Erdos will directly stop production and wait for the order. In the case of no order, the mine will mine with the minimum scale and intensity, and try not to generate inventory

at the same time, the coal storage in the coal shipping station has also decreased significantly. "In the past, there was a lot of coal stored, and the daily shipment volume was large. This year, the coal storage volume will be reduced by at least two-thirds." The staff of a logistics park in Ordos said

the shrinking demand not only drags down the railway transportation of coal, but also drags down the automobile transportation of coal, and the transportation volume and freight are reduced with the coal price. In June, the shipment volume of Ordos coal railway was 107 million tons, a year-on-year decrease of 10.32%; The automobile shipment volume was 185 million tons, a year-on-year decrease of more than 12%. Shenmu county is a coal mine. Coal transportation basically depends on cars, and railway transportation is very few., Shenmu coal sold 20.68 million tons of automobile transportation outside the county, 4.852 million tons of automobile transportation inside the county, and nearly 1.4112 million tons of train transportation outside the county. The coal transportation volume decreased due to the sharp reduction in production and sales

in terms of price, in June, the average price of 4500 kcal/kg, 5000 kcal/kg and 5500 kcal/kg thermal coal in Ordos was 99 yuan/ton, 130 yuan/ton and 154 yuan/ton, down 27%, 29% and 32% year-on-year

is the price and sales of high-quality coal also affected

the coal is of good quality, and the pithead price is about 20 yuan/ton higher than that of other coals. Even so, it fell sharply from the same period last year. "At present, the pithead price is 155 yuan/ton, which is nearly 50% lower than the price of more than 300 yuan/ton in the previous year." Said the general manager of a coal mine in Shenmu

"at present, the closed coal mines are mainly open-pit mines. Unless the price rises significantly in the future, the probability of resumption of mining is small. The cost of resumption of mining is high, and enterprises usually choose to continue production as long as there is a market." Said the chairman of a private coal mine in Shenmu

according to the chairman, the direct cost of coal mining in Mengxi is 110 ~ 150 yuan/ton, that in Northern Shaanxi is 120 ~ 160 yuan/ton, and that in northern Shanxi is 140 ~ 200 yuan/ton. Due to the huge differences in mining costs and capital costs of enterprises, the cost prices of coal mines are also different. At present, the pit mouth cost of coal mines in production is 120 ~ 140 yuan/ton (including tax), and the pit mouth transaction price has no profit space. Due to the high cost, small and medium-sized coal mines are more common to stop production

the decline in both automobile transportation and railway transportation and the decline in trade volume also confirm the difficult operation of coal enterprises. Taking a large logistics park in Ordos as an example, the railway design loading capacity is 25million tons, and the daily coal production is nearly 100000 tons, but at present, the daily coal production is about 10000 tons, and the shipping station is often idle. Throughout June, the logistics park issued 200000 tons of coal, with an average decline of 40%

it is understood that the outward transportation of Ordos coal is a combination of trains and cars. The automobile transportation cost from Erdos to Tianjin is 190 yuan/ton, while the train transportation is 20 yuan/ton cheaper, but the automobile transportation accounts for a larger proportion. Shenmu also has this problem. Although local coal can be transported to northern ports by railway, most railways are controlled by large groups, such as Shenhua dedicated railway, and the freight will increase by about 70 yuan/ton

taking advantage of coal quality to seek transformation

overcapacity, insufficient demand, rising costs, rising taxes and transportation bottlenecks have become multiple factors affecting coal prices. Whether Ordos or Shenmu, the railway is in the hands of large coal enterprises such as Shenhua, and there is a bottleneck in the transportation of small and medium-sized coal enterprises. In the context of overcapacity, enterprises are more difficult. How to resolve the huge local capacity and realize the transformation and upgrading of the coal industry has become the core issue concerned by the local government and enterprises. Fortunately, both Ordos and Shenmu have natural advantages

UHV and coal chemical industry bring hope for the transformation of Ordos coal industry

Ordos coal is famous for its low sulfur, low phosphorus, low ash and high calorific value, which is suitable for the coal chemical industry. Local powerful large coal enterprises have begun to plan the investment and construction of coal chemical industry

according to the person in charge of a large coal group, the group has now invested in two coal chemical projects. One project is independent investment, mainly using inferior coal to produce urea, and the other project cooperates with large state-owned enterprises to engage in the production of coal to olefin industrial chain, with an investment scale of up to 61.7 billion yuan. The first phase of the coal to olefin project can be completed this year, which is expected to bring 8.5 million tons of coal consumption. If the two coal chemical projects are all put into operation, the coal production capacity of 25million tons can be digested, which not only solves the problem of coal outward transportation of the group, but also solves the problem of excess coal production capacity, bringing more profits to the enterprise

in fact, the development of UHV is also one of the plans that Erdos considers to resolve coal overcapacity and transportation bottlenecks. It is understood that most of the coal in Ordos is transported to the northern coastal ports by rail and road, and then sent to the southern power plants by sea. Whether it is automobile transportation or railway transportation, the cost of freight and the bottleneck of transportation capacity restrict the consumption of coal. If a power plant is built in Ordos, and then the power is transmitted to the eastern and southern regions, it is bound to reduce unnecessary transportation costs and solve the transportation bottleneck

"the state has just approved 11 UHV transmission lines from Inner Mongolia to Shanghai, including 7 AC and 4 DC. The completion of these UHV lines and supporting power plants will be Ordos

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