OREANDA-NEWS. November 28, 2011. Domestic coke prices have slumped 3.08 percent over the past two months. The spot price stayed at 1,847.50 yuan a ton on November 17, just 5 yuan a ton above its year-low figure.

Coke output gained 10.7 percent from a year earlier to 35.74 million tons in October. This year total output is bound to outstrip 400 million tons.

Weaker downstream demand has made the situation even worse. Consequently, on November 11 the industry groups in Shanxi, Hebei and Shandong ordered their members to operate at half of usual capacity. Those catering to people’s wellbeing such as urban gas provider can limit production to 70 percent.