WEEKLY: China's met coke supply tightens amid output cuts

China's metallurgical coke supply tightened further this week, as producers sustained output cuts to strengthen their leverage in price negotiations with steelmakers. Market sentiment received an additional boost from coking coal price rallies in the week, tilting coke prices firmly toward an uptrend.

Nationwide metallurgical coke inventories – covering stockpiles at coking plants, steel mills, and major ports tracked by Mysteel – have dropped to near their lowest level so far this year, highlighting a marked improvement in market fundamentals that is largely driven by reduced operating rates at coking plants over