China's coke exports slumped 63.09% from a year earlier in November, customs data showed, as major buyer Japan cut steel production for weak prices.
The country exported 323,000 tonnes of coke last month, compared with 270,000 tonnes a month earlier, which was a 19.63% increase, data from the General Administration of Customs showed on December 8.
Value of the exports declined 67.46% on the year to $89.4 million, which means the average export price was calculated at $276.78/t, up $26.41/t from a month earlier.
For the first 11 months, China's coke exports declined 33.3% to 5.76 million tonnes, worth $1.63 billion, down $37.7%.
Market sources said China also faces stronger competition from South Korea and Japan, since coking plants there found their products glutted in their own domestic markets and started seeking way out in overseas markets.
(Writing by Alex Guo Editing by Tammy Yang)
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