WEEKLY: China's met coke stocks jump as demand wanes

Lower demand from steelmakers led China's stocks of metallurgical coke held by the 230 independent producers under Mysteel's nationwide survey to rebound to a two-month high during the week to November 20, the results of Mysteel's latest survey indicate.

According to Mysteel's tracking, the 230 coke producers' combined inventories had jumped by 20.2% or 72,900 tonnes from the previous week to 434,400 tonnes as of Thursday, the highest level since mid-September. Worsening profitability forced steelmakers to rein in their production of hot metal during the survey period, subduing demand