More price cuts ahead for Chinese domestic coke as demand slows

摘要

Singapore—Chinese domestic coke prices are expected to see a series of price cuts as demand for coke becomes subdued amid sluggish steel sales, market sources said. The first round of price cuts, by Yuan 50/mt, were accepted in just a week, without much resistance seen from coke producers. Market participants said they expect to see three or four rounds of cuts to come, with each round at Yuan 50/mt.