Coking coal and thermal coal & International Comments

China is expected to control imports of thermal coal and increase purchases of high-quality coking coal to meet environmental protection requirements, executives of two of the country’s major steel producers said in the National Congress this week as coal from coke rose and while coke temporary stability is expected. The long compensation period also increases the costs of steel producers and increases international coal prices. Coking coal is a key raw material in steel production and lower quality coking coal increases costs thanks to the technology needed to reduce emissions in production. China has abundant thermal coal resources but lacks high quality coking coal, also being the world’s largest steel producer. Imported 126.73 million tons of coal in the first four months of this year, including 27, 08 million tons were coking coal……

International comments:
Energy company CEOs on the Standard & Poor’s 500 index have $ 140 million in performance-based equity grants made in 2019 but expected to mature in 2021 and 2022, according to a Reuters review of their latest payroll reports.Just over a third of the S&P 500 companies compare the relative TSR with a large business index. No energy company does it. Over 90% of the major US oil and gas companies use the relevant TSR to calculate long-term equity incentives. The use of the relevant TSR has helped the leaders of the 15 major oil and gas producers to receive over $ 2 billion in compensation reported in the last decade.
Shale oil companies helped make the United States the world’s largest oil and gas producer, but that didn’t translate into profit growth.