-- Yunnan Coal & Energy's (SHA:600792) unit, Shizong Coal Coking Chemical, decided to shut down its No. 2 coke oven due to continuous losses, according to a Shanghai bourse filing on Thursday.
The inverted coal-coke price spread was a major factor in the losses.
During the shutdown, safety, environmental protection, and economic measures will be implemented to determine whether to resume its operations.
The No. 1 coke over will continue a low-load operation.
The coal chemical manufacturer's shares dropped by less than 6% at the close.