Shenmu Semi-coke Group: Production Cuts to Shore Prices

Cnfeol News

Shaanxi Shenmu Semi-coke Group announced that it will cut operations in a bid to shore-up prices amid a low market. Details are as follows:

1. All members must partially cut or halt entire operations, with a maximum of 30% of total capacity allowed to stay open
2. All members must comply with guide sales prices, no need for panic sales at present
3. All members must improve their environmental and safety measures and be prepared for transformation and upgrades
4. Guide prices for semi-coke products, with effect 15^th April:

Semi-coke medium (RMB 600/t, with taxes)

Semi-coke small (RMB550/t, with taxes)

Semi-coke powder (RMB 420/t, with taxes)

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