WEEKLY: Washed met coal stocks at Chinese coal wash plants rise further

As of May 13, the combined processed coal inventories among the 110 independent and affiliated Chinese metallurgical coal wash plants under Mysteel's regular survey climbed to 2.03 million tonnes, up from last week by 3.03%, also piling up for the fourth consecutive week, according to Mysteel's latest survey.

Coal washeries at major production areas all saw higher stocks during the survey period of May 7-13, impacted by the cautious attitude among independent coke producers and steel mills towards coal procurement due to the downbeat outlook of their future markets, according to the survey respondents. This was evidenced by