WEEKLY: China coke plants’ stocks refresh 7-month high
Nov 15, 2019 16:50
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Total stocks of merchant coke at the 230 Chinese independent coke plants Mysteel monitors weekly increased for a fifth straight week over November 8-14, rising by another 15,700 tonnes or 1.1% on week to refresh its seven-month high of 1.48 million tonnes, Mysteel’s data published on Friday showed. The steady decline in coke sales and the continuous increase in coke output are responsible, Mysteel Global notes.
With more coke plants resuming operations, especially those in North’s China’s Shanxi province, the capacity utilization rate at the 230 coke-makers assessed by Mysteel edged up further by 0.28 percentage point on week to 73.71% as of November 14.
Consequently, over the same survey period, coke output at the 230