Shanxi Province-based major Chinese coking plant Shanxi Coking Co., Ltd. has announced that its net profit for 2020 is expected to amount to RMB 1.024-1.164 billion ($0.16-0.18 billion), up 116.01-145.54 percent year on year.
In 2020, coke prices in China declined first amid the negative impact of the Covid-19 pandemic, while they indicated rises later amid the effective control of the pandemic and the better economic situation in China, which resulted in improved demand for coke.