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22 Jul
10:54

Tight supply supports coking coal, coke prices

Coking coal and coke prices in China have kept rising because of tight supply. The decline in coke demand brought about by steelmakers’ production cuts has also failed to cool the market, Kallanish notes. Some coal mines in Shanxi, China’s main coal producing area, cut their production by half because of safety issues caused by heavy rains, as have some state-owned mines in Shandong. In addition, some mines are being required to increase the proportion…
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