By June 19 China’s national composite coke price had returned to the level similar to the end of February, reaching Yaun 1,870.2/tonne ($246/t) including the 13% VAT. Key steelmakers in North and East China had agreed on another Yuan 50/t in coke price to maintain their high steel production will coke supply was tight.
The rise in coke price was well supported as China’s coking provinces including Jiangsu, Shandong, and Shanxi had been regulating the polluting industry. The coking capacity utilization rate among 230 independent Chinese coking plants, thus, only rose to 74.7% from 67% at the end of February. On the other hand, the blast furnace capacity utilization rate among 247 Chinese steel mills shot up to 92.7% from around 80& during the period
Source: MySteel
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