2019 Coking Coal Market Seminar was held in Qinhuangdao

As one of the special events of the 2019 National Coal Trade Fair, 2019 Coking Coal Market and Coking Coal Futures Basis Trade Industry Service Seminar, which was co-endorsed by China Coal Transportation and Distribution Association and Dalian Commodity Exchange, was held in Qinhuangdao City on December 6, 2018. Dr. Feng Yu, Vice Chairman of China Coal Transportation and Distribution Association and President of China Coal Market and Guo Mingjian, Director of China Iron and Steel Industry Association attended the Seminar and delivered speeches.
 
At the Seminar, Shen Zhanjun, General Manager of Coal Company of Hebei Iron and Steel Group, Zhang Hongyuan, General Manager of Tangshan Baichi Trading Co., Ltd., Li Min, Consultant of Wood Mackenzie Consulting Co., Ltd., and Guan Dali, Senior Analyst of Coal and Coking Coal Team of Black Business Division of Yide Futures, were invited to give wonderful speeches on “Experience sharing of Hegang coking coal basis pricing", “Operational ideas on the connection between coking coal futures and coking coal spot and the design and practices of basis products”, “Where is the road of metallurgical coal market under the depressed steel price?” and “Delivery intention assessment on the near-month contract of coking coal and forward market outlook " respectively.
Dr. Feng Yu said that the basic long-term agreement coking coal price has remained unchanged in 2017 since the beginning of this year, and the coking coal industry index has been launched. The price has been adjusted according to the index change, which was priced on a quarterly basis. And this has played a “ballast stone” role in the prices of domestic coking coal market.
Guo Mingjian mentioned in his speech that the topic of this year's coking coal basis project was very meaningful. China Iron and Steel Industry Association has played a very important role in this year's basis trade project. We helped to choose a large enterprise that has rich experience of long-term agreements and futures like Hebei Iron and Steel Group as the main body together with Haiming Company completed this year's basis trade pricing pilot, and the participation of Galaxy Futures was an accelerant to the project.
In the roundtable discussion session, the guests focused on the “opportunities and challenges of the basis trade in the coking coal industry”, and deeply analyzed the current operation of the coking coal market, clarifying the new pattern, new direction and new positioning of industrial development. And they deeply clarified the profound changes in the industrial strategic opportunity period, and provided decision-making references for enterprises and individuals to cope with challenges and changes in the new era.