WEEKLY: Chinese coke producers trim output as losses persist

Chinese metallurgical coke producers slowed their production pace this week, as most of them remained under considerable financial pressure. However, the slight drop in supply failed to underpin the coke market, with downside risks not yet fading.

According to Mysteel's data, daily met coke output of independent coking plants it surveys nationwide – representing 100% of China's independent coking capacity – dropped by 0.66% from a week earlier to average 612,900 tonnes/day during October 15-21, snapping a six-week rising trend. Compared with a year prior, the