WEEKLY: Output at Chinese coke makers sinks to 10-month low

The total volume of coke produced by the 230 independent Chinese coke makers in Mysteel's weekly survey dropped for the third consecutive week during the February 27-March 5 period to hit its lowest level in over ten months. Output during the week fell by 5,100 tonnes/day on week to average just 502,900 t/d, according to the latest survey result.

Partly responsible for the further drop in output were the ongoing losses that most coke producers were enduring. Their zest for production is at a low ebb given that they have accepted a total of ten successive sales-price reductions totalling Yuan 500-550/tonne ($68.8-75.7/t) since October last year, as reported. Although