In recent years, the domestic coal enterprises giant suffered a downturn in the coal market troubled, some suffering from its coal chemical enterprises a serious decline in the effective drag. In the front and trapped atmosphere, coal prices have to sell the chemical assets in order to reducing the burden. Obviously, coal prices gave big moneymaker chemical projects, it is now favored in every possible way from the old "meat and potatoes" hot potato ", one contains the number from the plot and rivalry.

Grandchildren to coal enterprises and downstream traditional coal chemical enterprises from the initial become attached to love, to the now lopsided, it was only 10 years. Together in a hurry, rush from "The Seven Year Itch" This is similar to human marriage, in the end how is it? I think, due to the following aspects.

First, a lot of coal prices on the cross-industry operating experience. Ten years ago, the development of the coal industry, speeding, excess capacity anxious to find a solution at the same time, the huge profits are also eager to find a hot spot for investment; market boom of the rise in the traditional coal chemical industry, small and medium-sized nitrogen fertilizer business is an inability to grow, there is an urgent need to finance and access to raw coal protect. Thus, the two sides consensual, hit it off. Coal enterprises or direct investment, or the overall acquisition, or conditions of a cheap supply of raw coal, or by virtue of the strength of financial guarantees, to establish cooperative relations in a variety of ways, and without exception the associated nitrogen fertilizer business expansion.

In the past 10 years, more than Coal giant number of small and medium-sized nitrogen fertilizer business to hire, to form a new army of a nitrogen fertilizer. However, coal prices for the industrial development of the nitrogen fertilizer industry, market, and technological progress, sustained profitability, it is not possible to soon have a thorough scientific understanding and assessment. Therefore, once the nitrogen fertilizer market changes, overwhelmed, only to peel let go means.

Second, the production and operation of varieties similar single. Coal enterprises to enter the traditional coal chemical industry, largely confined to several varieties of ammonia, urea, methanol, fertilizer, so that the market supply and demand relationship has changed dramatically. At the end of 2012, the total production capacity of urea reached 71.3 million tons, 18 million tons of excess. Visible, traditional coal chemical production capacity expansion of the disorder and the homogenization of products, both intertwined role is directly off the market price war, resulting in the widespread loss of the entire industry, even some enterprises huge loss. Treat such "swallowing gold" enterprises, coal prices is only a "cut" of.

Third, some of the coal enterprises operating guiding ideology into instant success misunderstanding. Previous coal enterprises in coal chemical industry earned pours compared to the same amount of capital not only can not bring the same amount of profit, and the benefits significantly reduce or even losses, again and again, some coal enterprises is very discouraging very hurt, have figured out reduced losses and income countermeasures. If coal prices on the nitrogen fertilizer business by increasing the supply of raw coal price, or by reducing the grade of raw coal, or both, is nothing less than the start of the coal chemical enterprises take away some of the profits for insurance at the end. Obviously, this is a practice of killing the goose that lays the golden eggs, resulting in deterioration of the coal chemical enterprise efficiency; in turn will accelerate the separation of the Commonwealth, the end result is a lose-lose.

At present, some coal enterprises reduced losses and take the chemical sector is gradually spreading. This disaster Yan? Fu Yan? The eyes of the beholder, the wise see wisdom. However, I think that, if the dominant factor for the configuration of resources from the market to be considered, coal prices may lose the "hot potato" is not necessarily a bad thing.