WEEKLY: Coking coal stocks among Chinese coke producers slump after week-long holiday

Coking coal inventories held by the 230 independent producers of metallurgical coke under Mysteel's nationwide survey declined markedly during the survey week to October 8 as market trading had largely stagnated during the National Day holiday (October 1-7), Mysteel's latest survey found. With prudence typifying the stance of coking coal buyers now, post-holiday trends remain unclear.

By October 8, the combined coking coal stocks of the 230 sampled coking plants totalled 7.85 million tonnes, down 8% from the previous survey week, according to Mysteel's tracking. The inventory drop followed a market slowdown during China's National Day holiday when "liquidity in the spot market had slowed