WEEKLY: Chinese coking coal miners' stocks drop to multi-year low

During the week to August 20, the 523 coking coal miners reached in Mysteel's nationwide survey saw their washed coal stocks drop to a more than four-year low, as active coal trading continued during the survey period amid improved market sentiment, according to the latest survey results.

Washed coal inventories among the 523 sampled coal miners thinned by another 8.5% on week to 1.65 million tonnes by August 20, one of the lowest levels seen since around November 2021, according to Mysteel's data. Against the backdrop of frequent mine safety inspections and constrained domestic coal production, tight