SHANGHAI, Mar 9 (SMM) - On March 8, the traded price of quasi-first grade metallurgical coke (coke dry quenching) in Lvliang city, Shanxi province, was 2,890 yuan/mt (ex-factory), flat from the previous trading day.
Coking coal supply shrank, but downstream sectors also purchased on demand. Quotes offered by coal mines stabilised temporarily amid the cooling market sentiment.
Shanxi Coking Coal Group raised the prices of coke wet quenching and coke dry quenching by 100 yuan/mt and 110 yuan/mt respectively. Environmental protection-related production restrictions limited the production of some coke companies. Besides, costs of some coke companies increased, hence some coke producers intended to cut their production. On the demand side, steel mills maintained high operating rates, and the demand for coke was better.
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