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Coke Profits Drop as Coal Costs Fall, Stocks Slide

1/11/2025

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Summary

Story summary

Coke profit per metric ton decreased to 118.2 yuan, influenced by falling coking coal costs from 1,580 to 1,450 yuan.
Coke oven capacity utilization held steady at 76.1%, while inventories rose for both coke producers and steel mills.
Warrior Met Coal's stock hit a 52-week low of $50.40, with analysts retaining a "Moderate Buy" rating and a target price of $73.60.

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Story summary

Coke profit per metric ton decreased to 118.2 yuan, influenced by falling coking coal costs from 1,580 to 1,450 yuan.
Coke oven capacity utilization held steady at 76.1%, while inventories rose for both coke producers and steel mills.
Warrior Met Coal's stock hit a 52-week low of $50.40, with analysts retaining a "Moderate Buy" rating and a target price of $73.60.