NBS: China's secondary coke price fell by 219.9 yuan/ton in late November

According to National Bureau of Statistics, China's secondary coke price was reported at 2300.9 yuan / ton in late November, down 219.9 yuan / ton or 8.7% compared with last issue.
 
Affected by the sharp drop in downstream steel prices and the severe shrinkage of profits, coke prices have been falling recently. Up to now, the fourth round of coke price reduction has been basically implemented, with a cumulative decline of around 500 yuan / ton.
 
Compared with the first three rounds of price reduction, each coke enterprise has a strong resistance to the fourth round of price reduction, and has issued a letter of notice to not accept the request of individual steel companies for the fourth round of price reduction of 150 yuan / ton. But Shanxi, Hebei, East China and other coke mainstream markets are downward weak.