DAILY: Chinese coke makers in the red despite three price hikes

Many Chinese metallurgical coke producers were still losing money on coke sales as of November 6, although they had managed to lift met coke prices three times since early October, Mysteel's latest survey showed.

According to Mysteel's survey of 30 merchant coke producers across the country, they still suffered an average loss of Yuan 22/tonne ($3.1/t) on coke sales by November 6, down only by Yuan 10/t from the week-ago level although a new Yuan 50-55/t met coke price hike, the third since