Coke Prices Slump for Seventh Round, Operating Rates Plummet, Steel-Coke Standoff Heats Up

[SMM Analysis: Coke Plant Operating Rates Decline Sharply, Steel-Coke Game Intensifies]

The seventh round of coke price cuts was implemented this week, with a reduction of 50-55 yuan/ton. After the price cut, the national average price of Grade I metallurgical coke (dry quenching) was 1955 yuan/ton. The national average price of quasi-Grade I metallurgical coke (dry quenching) was 1815 yuan/ton. The national average price of Grade I metallurgical coke (wet quenching) was 1590 yuan/ton. The national average price of quasi-Grade I metallurgical coke (wet quenching) was 1508 yuan/ton.