Production Coke production was slightly impacted by environmental protection measure. Some coke makers eased output controls as feed coal prices slipped. The average capacity utilization for 100 coking plants surveyed by Sxcoal stood at 81.17% during the week, up 0.07 pp on the week.
Stock Pessimism prevailed in the coke market amid sluggish demand and falling feed coal prices. Steelmakers have launched the fifth round of coke price cut, intensifying sidelined sentiment. Coke sales slowed and deliveries were restrained at some regions. Sxcoal's data showed coke stocks at the surveyed plants totaled 717.9 Kt on Dec 25, up 35 Kt from the previous week.
Profit Demand for coking coal and coke was both capped by declined molten iron production. Coke and steel producers were cautious in purchasing. Coke-making profits climbed thanks to lower coking coal prices. Coke prices recently have no obvious supports due to falling feed coal prices and weakening rigid demand. With coke firm's active deliveries to steel mills, coke inventories at mills increased. Coke stocks at the surveyed mills up by 0.28 day WoW to 12.42 days of use on average.