WEEKLY: Chinese coke producers cut output as costlier coal squeezes profits

China's metallurgical coke production edged lower this week, weighed by the rising cost burdens and souring profitability at some coke producers. The prospect for tight coke supply persists, continuing to support upward momentum for coke prices in the near term.

Mysteel's survey on the 230 independent coking plants showed their daily met coke output thinned by another 0.64% from a week earlier to average 515,900 tonnes/day during June 4-10, marking the lowest since mid-April and a decline for the third straight week. The reading was also 1.1% lower than