08
May
05:24
Yunmei produces more, purchases less in Q1
Yunnan Coal and Energy (Yunmei) produced more coke while purchasing less washed coking coal year-on-year in Q1, implying depleting material inventories. Gross profit from coke production declined on-year due to lower income and higher costs, Kallanish learns from its Q1 report.
Yunmei produced 580,138.07 tonnes of coke this Q1, up 3.79% on-year, which were sold at an average CNY 2,752.08/t ($380.9/t) without VAT, down 7.16%. It booked gross losses of CNY 32 millio…
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Anonymous
Very good overview of the weekly steel market.
Anonymous