WEEKLY: China's met coke stocks still mounting after CNY break

Stock accumulation amid the market standstill last week for Chinese New Year (CNY) led metallurgical coke inventories held by the 230 independent producers under Mysteel's survey to mount further during February 24-26, as steelmakers remained prudent about raw materials replenishment.

According to Mysteel's latest survey, as of February 26 the combined met coke stocks of the 230 producers had climbed by another 12% from February 23 to top 621,900 tonnes, the highest level since early July last year. Survey respondents noted that many steel producers showed only tepid interest in