The Shanxi Coking Industry Association in China has released its guideline policy for the coke market, effective as of January 10, 2010. The association has raised its guideline price by another RMB 100/mt ($14.65/mt) to RMB 1,950/mt (FOT, tax included) ($285.58/mt) for coke with sulphur content of less than 0.7 percent and ash content lower than 12.5 percent.
Earlier in January, the association had raised its guideline price by RMB 100/mt to RMB 1,850/mt ($271/mt).
As regards the reduction of production levels, the association still urges local coke producers to keep their outputs to 40-50 percent of normal capacity so as to stabilize the market supply.