WEEKLY: Chinese met coke producers' stocks sink to 3-m low

Chinese metallurgical coke producers saw their inventories continue to decline this week with smooth transactions and slowed production growth, which reflected a tightening trend of coke supply-demand fundamentals, further underpinning coke prices.

As of April 23, met coke stocks at the 230 independent coking plants that Mysteel monitors nationwide declined by another 4.4% on week to sit at 414,600 tonnes, marking a downtrend for seven weeks straight and touching a new low since mid-January. The latest reading was also 44% lower