WEEKLY: Chinese coke firms' stocks build further amid tepid demand

Metallurgical coke stockpiles at Chinese coke producers continued to accumulate this week, mainly due to sluggish buying interest among coke traders and downstream steelmakers. However, the market is gaining fresh support from stabilizing coal prices, adding uncertainty to the near-term market direction.

Sources reported that coke trading activity has remained lackluster in the past week, as buyers largely moved to the sidelines amid widespread pessimism over further reductions in met coke prices soon – which, if materializes, would be the third round after previous two totalling Yuan 200-220/tonne ($30-33/t) since the