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East China Coal and Mining Trading Service Center was established a few days ago
Time of issue:
2015-11-27 16:49
Origin：
In recent years, as the market has shifted to a buyer's market, under the catalysis of Internet e-commerce, various coal e-commerce companies have sprung up everywhere. However, as a bulk commodity, coal has a large transaction amount, high logistics and warehousing costs, and the current financing difficulties of enterprises in the industry. How to promote the connection between upstream and downstream industries and provide effective supply chain financial services has become a decisive challenge for this type of e-commerce. down focus.
On November 20, China Forestry Group and China (Taiyuan) Coal Trading Center jointly initiated the establishment of the East China Coal and Mining Trading Service Center. In the eyes of many industry insiders, the move by Zhonglin Group may trigger a violent shock in the coal e-commerce system.
According to data from the China Coal Industry Association, although coal production continued to decline, the decline in consumption was more pronounced. In the first 10 months of this year, the national coal production was 3.045 billion tons, a year-on-year decrease of 114 million tons, or a decrease of 3.6%, while the national coal consumption in the first 10 months was about 3.23 billion tons, a year-on-year decrease of 160 million tons, a decrease of 4.7%. %). This led to high inventories and kept coal prices down. As of the end of October, the whole society has accumulated more than 300 million tons of coal for 46 months. On November 15, the closing price of thermal coal in Qinhuangdao Port's 5,500 kcal market fell by 30.5% year-on-year and 58% from the high point in 2011. The price of coking coal dropped by about RMB 200/ton from the beginning of the year. Coal prices have now fallen back to late 2004 levels.
Under such circumstances, the exploration of new business models for coal trade that adapts to the current situation has attracted attention both inside and outside the industry. Coal Internet E-commerce is one of them.
The overall focus of the China (Taiyuan) Coal Trading Center, with an annual coal trading volume of 750 billion RMB, has moved forward to the middle and lower reaches of the Yangtze River, forming a linkage with the newly established East China Coal Mining Trading Service Center. A new mode of industrial cooperation between logistics providers, downstream end users, ports and even logistics finance.
In fact, this model is to rely on the East China Coal Mining Trading Service Center as a platform to integrate the upstream resources held by the China (Taiyuan) Coal Trading Center, the port resources of Rugao Port, which is the coal transshipment center of the Yangtze River, and the Zhonglin Group, a central enterprise directly under the State-owned Assets Supervision and Administration Commission. It has formed a new coal e-commerce model based on port supply chain services.
At the establishment site of the East China Coal Mining Trading Service Center, more than 200 East China traders and end users signed a strategic cooperation agreement with the trading center, and reached a multi-party strategic cooperation agreement between mines, ports and platforms. The total amount of signed coal reached 60 million. tons/year. (Article source: China Net)
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