WEEKLY: Faltering demand further lifts stockpiles at Chinese coke producers

Metallurgical coke stockpiles at Chinese coke producers were seen building higher this week, mainly driven by faltering demand from steelmakers as some mills in North China have curtailed operations during the country's policy-setting meetings convened in Beijing starting this Wednesday. This situation has added more downside risks to coke prices.

According to Mysteel's survey on the 230 merchant coke plants, their met coke inventories grew by another 1.62% from a week earlier to reach 632,000 tonnes by March 5, hitting a new high since late June last year and marking rises for three consecutive weeks, although the pace slowed