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Article: Coking enterprises: scale and integration enlarge profit margin.(Energy)
- Article from:
- China Chemical Reporter
- Article date:
- March 26, 2008
CopyrightCOPYRIGHT 2008 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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After an overall loss was suffered by the coking sector in 2006, repeated price rises and drastic downstream demand increases helped profits in the sector to reach the desired goal in 2007.
In spite of this, Lu Ping, an analyst from China Merchants Securities, still has worries over the present high prices and thin profits in the coking sector. He thinks that the supply shortage of coking coal, the lack of effective capacity, the price rise of coal, the increase of tariff and the sustained shortage of transporting capacity, the profit margin resulting from the price rise is quite limited and only the extension of industrial chains and the development of ...