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WEEKLY: China wash-plant met coal stocks hit 9-m high

ABSTRACT

Total stocks of processed coking coal at the 110 Chinese independent and affiliated processors in Mysteel's survey increased for the fourth week by 98,000 tonnes or 5.6% on week to 1.87 million tonnes by November 23, hitting a nine-month high. Survey respondents attributed the higher stocks to the reduction in coal procurement among domestic coking plants and steelmakers.
Processed coking coal output among these wash plants was generally flat this week, down by only 800 tonnes/day on week to total 581,500 t/d by November 23, while their operational rate inched up by 0.2 percentage point on week to 70.1%, Mysteel's data showed.   "The sales pressure on coking coal suppliers

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