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waikiat
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 Posting #61: Mon Aug 18th, 2008 03:20

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Chinese coke producers' profits up by 200% in H1

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http://www.custeel.com  time:2008-08-18 09:30 class=title4 English Channel


class=f11
 


Hong Kong listed China Coal Group Corporation indicated recently that due to strong demand for coke from domestic market, the company’s profit in coke business rose up by around 236% in H1 to RMB726m (USD106m).

 

The company produced about 2.21m tons of coke in H1 of 2008, up by 41% in year-on-year. Coke sales volume was 2.4m tons, up by 8% in year-on-year. Domestic price and export price climbed up by 100% and 117.7% in year-on-year.

 

Huang Jingan, the chairman of China Coking Coal Industry Association, also noted that total profit in Chinese coke producers was RMB12.5bn (USD1.8bn) in H1, up by 200% in year-on-year, according to statistics on key coking producers.

 

However, market analysts believe that due to the slow down of the growth rate of steel output, the demand for coke should be weakened in H2 this year. “Although the price remains high, coke price already begin to drop back,” a coke producer said.

waikiat
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 Posting #62: Fri Aug 22nd, 2008 13:40

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looks like the results is kind of poor lar.... :sunny:

Moolah
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 Posting #63: Mon Aug 25th, 2008 04:12

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waikiat wrote: looks like the results is kind of poor lar.... :sunny:

:glad::p::):rolleyes:

Poor is it?

So you dah jual habis?

:lol:



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waikiat
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 Posting #64: Mon Aug 25th, 2008 04:56

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belum la... cialat liaaaooo....:bump:

Moolah
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 Posting #65: Mon Aug 25th, 2008 05:44

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Nak ai tua ka chiew? :sunny:



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