Shanxi Coking expects net profit for 2020 to rise by over 110 percent

Thursday, 28 January 2021 13:40:29 (GMT+3)   |   Shanghai

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.

Most Recent Related Articles

Passenger vehicle retail sales in China to rise by 71 percent in Jan-Feb

Stocks of main steel products in China up 14.6% in late Feb, HRC up most

China’s steel sector PMI rises in Feb, outlook for March also positive

Iron ore inventory at Chinese ports up 0.75 percent

NBS: New house prices in China’s first-tier cities up 0.6% in Jan from Dec