DAILY: Chinese coke producers' profits thin, output slips

China's metallurgical coke market remained stable on December 12. The Yuan 50-55/tonne ($6.9-7.6/t) coke price cuts earlier this week had squeezed profit margins of many coke producers across China, and some coke firms opted to rein in production to prevent deeper losses, Mysteel Global found.

As of Thursday, China's national composite coke price under Mysteel's assessment stayed unchanged on day at Yuan 1,660.4/t including VAT.Profit margins among domestic merchant coke makers quickly narrowed this week following the latest coke price cuts on Monday. A Mysteel survey of the 30 merchant coke producers showed that