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href="http://www.ynryjkb.cn/MroeNews.aspx">煤市分析</A></TD></TR> <TR> <TD colSpan=2 class="newsContent"> <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" > <HTML> <HEAD> <meta http-equiv=Content-Type content="text/html;charset=gb2312" /> <title>化工企业UL“触煤?准备转型

化工企业UL“触煤?准备转型


07--11--13

q期Q兰太实业、柳化股份、湖北宜化等化工上市公司UL公布公告q军煤炭开采业Q此前双环科技、太工天成、泸天化{化领域相关上市公司亦先后宣布购入煤炭公司股权。种U迹象显C,化工企业向上游能源业拓展的态势非常明确?SPAN lang=EN-US>

煤炭涨h(hun)拉升成本

q期Q国内和国际煤炭h双双持箋创出新高??xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />10?SPAN lang=EN-US>29?/st1:chsdate>Q国内秦皇岛市场大同优؜?SPAN lang=EN-US>(6000大卡)的R板h(hun)辑ֈ?SPAN lang=EN-US>500?SPAN lang=EN-US>~510?SPAN lang=EN-US>/吨,再度创出历史新高Q较上月?SPAN lang=EN-US>485~495?SPAN lang=EN-US>/吨又上涨了大U?SPAN lang=EN-US>15元?st1:chsdate w:st="on" IsROCDate="False" IsLunarDate="False" Day="2" Month="11" Year="2007">11?SPAN lang=EN-US>2?/st1:chsdate>澛_利亚U卡斯尔港的现货煤h(hun)辑ֈ?SPAN lang=EN-US>82.08元的历史新高,自从9月䆾以来飙升?SPAN lang=EN-US>24%?SPAN lang=EN-US>

与煤炭股的业l一增再增相反,下游企业特别是化工企业利润空间被压羃Q以双环U技ZQ公叔R?SPAN lang=EN-US>2007q将实现q利?SPAN lang=EN-US>7500万元Q每股收?SPAN lang=EN-US>0.16元,虽然业W同比扭亏q大q度增长。但是公叔R期的业Wq低于市场预期,公司Ҏ(gu)煤成功后Q曾宣布每年减少成本4亿元左右Q除Ҏ(gu)煤开工还没有q入最佳磨合状态外Q煤炭h(hun)g涨也是业l未辑ֈ预期的主要原因,公司的主要原料动力煤的h(hun)格出C一定幅度的上涨Q推动了公司的成本上升?SPAN lang=EN-US>

事实上,以煤炭ؓ动力能源和原料的上市化工企业均或多或受C煤炭h上涨的媄响,如兰太实业的公告表示Q近q来Q煤炭市Zh(hun)g涨较快,增加了公司的生成本?SPAN lang=EN-US>

体q军煤炭?SPAN lang=EN-US>

为减煤炭h(hun)g涨带来的不利影响Q也为在煤炭业景气上涨之际,获得较好的行业利润,不少以煤为原料或动力的化工企业纷Uh购煤炭公司股权?SPAN lang=EN-US>

双环U技收购p裕丰沁裕煤业Q山西裕丰沁裕煤业生产规模ؓ30万吨/q_预计每年实际煤炭产量可达40?SPAN lang=EN-US>-60万吨Q达Cq规模后Q在目前市场和h(hun)格变化不大的情况下,该煤矿年可实现净利润6000?SPAN lang=EN-US>-1亿元Q将为双环科技增加q净利润3060?SPAN lang=EN-US>-5100万元?SPAN lang=EN-US>

太工天成子公司天成大z以17338.12万元的h(hun)格收购庙湄?SPAN lang=EN-US>100%的股权。以3602.35万元的h(hun)格收购成家庄煤矿45%的股权。而柳化股份近日与贵州安能工矿有限责Q公司{v股权转让合同Q以现金8473.46万元Q收购贵州安能工矿公司持有的贵州新益矿业有限公司90%的股权。新益煤矿的地质储量U?SPAN lang=EN-US>6603万吨Q可采储量约4570万吨Q分成三个矿区,全部投后预计年产量达?SPAN lang=EN-US>90万吨左右?SPAN lang=EN-US>

 湖北宜化Z保控股子公司贵州宜化合成}?SPAN lang=EN-US>目的生产用煤,贵州宜化控股60%的新宜矿业以1.1亿元h收购黔西南州普安县恒泰煤矿全部权,q和|佳?SPAN lang=EN-US>4000万元收购贵州瑞信煤业有限公司全部资。显Ӟ收购q两个煤矿资产ؓ公司煤化工业的发展提供了资源保障和贡献丰厚的利润?SPAN lang=EN-US>

兰太实业增发的全部资金全部投入煤炭股权收购,W一大股东吉盐化集团以资产认购,q向其他特定投资者增发募集的2.78亿元现金Q全部用于对兰太实业全资子公司内蒙古兰太资源开发有限公司增资,q由内蒙古兰太资源开发有限公司将上述资金投资开发巴音煤ѝ?SPAN lang=EN-US>

有利于向煤化工{?SPAN lang=EN-US>

化工企业收购煤矿对公生的直接意义Q既能保证未来煤化工的原料来源,q定成本,利于抵M煤炭h风险Q又能降低原料成本。按照一般煤炭企?SPAN lang=EN-US>30%以上的毛利率、煤炭出厂h(hun)?SPAN lang=EN-US>250?SPAN lang=EN-US>/吨计,每吨煤炭节约成本75元。以柛_股䆾ZQ以收购煤炭公司的自产煤投入生Q吨氨降低成?SPAN lang=EN-US>180元。公司新购煤矿?SPAN lang=EN-US>90万吨煤炭能保证60万吨合成?SPAN lang=EN-US>/q生产需要,考虑煤矿q有一定的扩潜力以及外购作ؓ补充Q公司将有够的产能提升I间而不会受制于原料来源?SPAN lang=EN-US>

除了锁定原料成本外,化工企业ULq军煤炭业,也ؓ发展煤化工打下基。化工行业要q求资源效益最大化是煤化工的发展企契机Q而国家经战略的可持l发展,使得煤化工必然是在今后的长期发展中占据越来越重要的地位。从能源l构E_性来看,我国煤炭、石油与天然?/FONT>人均储量与欧发辑֛家等有相当大差距。而在储采比上Q我国能源的可持l性也很差。而我国煤炭资源情况与世界q_水^最为接q,h相对比较优势Q这军_了我国长期依赖煤炭的能源格局Q在?/SPAN>十一?SPAN lang=EN-US>?/SPAN>期间Q?SPAN lang=EN-US>2006q至2020q_我国斥巨资发展煤化工。煤?SPAN lang=EN-US>甲醇?SPAN lang=EN-US>二甲?/FONT>、煤烯烃和煤制a在今?SPAN lang=EN-US>15q将是投资的重点?SPAN lang=EN-US>

昄Q化工企业向煤化工{型具有一定优势,如果能获得煤炭资源,无疑在向煤化工{UL向上抢行一步,获得先机Q相信这也是化工企业UL抢购煤矿的一个重要原因?SPAN lang=EN-US>

 



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