The average capacity utilisation rate of coke oven stood at 67.36%, up 1.3 percentage points WoW. The coke oven capacity utilization rate in Shanxi was 65.4%, up 0.6 percentage points WoW.
This week, due to the continued improvement in demand from downstream steel mills and a significant increase in speculative demand from traders, coke prices have seen two rounds of price increases. However, due to the strong prices of coking coal, coking companies' profit recovery fell short of expectations, and therefore coking companies were not willing to resume production, only some coking companies slightly increased their operating rates to ensure the supply of long-term orders.
In the follow-up, with the implementation of the third round of price increases, and the profits of coke companies turned from negative to positive and the molten iron output of steel mills continued to rise, the demand for coking coke replenishment was strong. Therefore, driven by downstream demand and profit growth, the operating rate of coking plants may continue to rise slightly.