China’s Coke Association suggests measures to deal with tepid demand

On July 19, China Coke Association held a meeting with key coke producers and suggested measures to deal with rising cost pressure. The measures include 50% reduction in production capacity, lowering or halting purchase of coking coal, and prioritisation of delivery of coke to those mills that make higher bids and do immediate payments. China’s domestic coke prices have corrected by RMB 800/t ($118/t) in past one month amid poor demand.