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Yunmei Energy (600792.SH): Economic shutdown of Shizong Coking No. 2 coke oven
Gelonghui, May 6th: Yunnan Coal Energy (600792.SH) announced that its wholly-owned subsidiary, Shizong Coal Coking Chemical Co., Ltd. (hereinafter referred to as Shizong Coking), has decided to implement an economic shutdown of Coke Oven No. 2 to reduce operating losses due to continuous deficits caused by the inverted coal and coke prices. As a result of market pressures from both supply and demand sides within the region, the price inversion between coal and coke has been severe, causing ongoing losses for Shizong Coking. To mitigate these losses, after thorough research and comprehensive consideration by the company and Shizong Coking, it was decided to proceed with the economic shutdown of Coke Oven No. 2. Shizong Coking is a wholly-owned subsidiary of the company, primarily producing coke, gas, crude benzene, ammonium sulfate, and other chemical by-products.
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