WEEKLY: Chinese coking coal mines' stocks hit 2-mth high

Despite a slowdown in mining activity, coking coal stockpiles at Chinese mines rose to a two-month high during the past week, underscoring the pressures from sluggish transactions of this steelmaking raw material.

Over November 20-26, daily raw coal output of the 523 coking coal mines under Mysteel's survey decreased 1.1% on week to 1.91 million tonnes/day, marking a three-week low. The reduced production was mainly caused by operation stoppages at some mines in major coal hubs due to overproduction activities or