China Coking Industry Association: Suggests limiting production by over 30% in the entire coke industry.

The reporter learned from informed sources that on the morning of September 25, the Market Committee of the China Coking Industry Association held a special market analysis meeting. Representatives from key coking enterprises in Shanxi, Hebei, Inner Mongolia, Henan, Jiangsu, Shandong, Shaanxi, Ningxia, Jiangxi, Yunnan, Guizhou and other regions attended the meeting. Participants combined with the current macroeconomic environment and industry dynamics, conducted in-depth analysis of the supply and demand pattern and price trend of the coking market. The meeting enterprises reached the following resolutions: firstly, starting from zero on September 26th, the prices of wet quenched cokes for steel mill customers will be raised by 50 yuan/ton, dry quenched cokes by 55 yuan/ton, wet top-charged cokes by 80 yuan/ton, and dry top-charged cokes by 85 yuan/ton. Secondly, it is suggested that the entire coking industry restrict production by more than 30%, and for customers that do not accept it, reduce quantity or stop shipments to jointly maintain industry interests. It is recommended that all coking enterprises adhere to the principle of "no production in loss, no sales in loss, no credit sales", resolutely maintain a reasonable profit level and healthy development order in the industry.