WEEKLY: China's upstream coking coal stocks dives to 4-mth low

China's coking coal stockpiles on the supply side fell to a four-month low over the past week, mainly due to the accelerating liquidity of this steelmaking material as well as slower production pace of domestic mines, Mysteel observed.

Total coking coal inventories at the 523 Chinese coal mines, 314 independent wash plants and 5 coastal ports under Mysteel's survey thinned to 11.7 million tonnes as of October 30, marking a new low since late June and down by a substantial 22.6% from the year-ago level. Contributing to the