WEEKLY: Stockpiles build at Chinese met coke plants

Metallurgical coke stockpiles at Chinese coke producers have been building up notably this past week due to sluggish transactions and recovering production rhythms. The eased supply tightness, however, is posing downside risks for coke prices.

As of July 16, met coke stocks at the 230 independent coke plants that Mysteel surveys nationwide jumped by 17.6% on week to reach 718,600 tonnes, registering the largest weekly increase since late February and hitting a new high since late June last year. The tonnage also stood well