WEEKLY: China's coking coal stocks fall on holiday use

Chinese users of coking coal focused on consuming the inventories they had built ahead of China's Labour Day holiday over May 1-5, with the result that stocks held by integrated mills and independent makers of metallurgical coke under Mysteel's tracking fell notably during the week to May 7.

For example, Mysteel's latest survey showed that by Thursday of this week, the 230 independent coking plants regularly surveyed nationwide had held combined coking coal stocks of 8.78 million tonnes, lower by 5.4% on week and reversing the rises seen over the three weeks prior to the holiday break. Likewise,