WEEKLY: China's coking coal trades remain slow, stocks climb

Trading activity in China's coking coal market stayed largely muted last week, with downstream buyers' demand for the feed coal curbed by a bearish market note in the first half of the week, and it did not see a clear pickup despite improved sentiment later in the week, though the emergence of sporadic demand offered hopes for a potential market rebound in the near future.

According to Mysteel's survey, coking coal stocks at the 247 blast-furnace steel mills and the 230 independent coke plants registered further on-week falls of 0.38% and 0.41%, respectively, reaching 7.98 million tonnes and 8.57 million tonnes as of December 4. Particularly, coking coal stocks at the 230 surveyed coke plants