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WEEKLY: Chinese coke plants' coke stocks rise 14%

ABSTRACT

By January 27, total stocks of metallurgical coke at the 230 Chinese coking plants under Mysteel's regular survey had reversed up after two weeks of decline, rising by 14% or 102,800 tonnes on week to 839,800 tonnes. Survey respondents attributed the uptick largely to softened demand from both steelmakers and traders ahead of the Chinese New Year (CNY) holiday over January 31-February 6.
After weeks of replenishment, interest among steelmakers in buying coke cooled this week, as most end-users have almost finished their inventory build for CNY production, said a market source in Shanghai, adding that a few are still procuring for actual consumption ahead of the break.   As the holidays approach, some logistics

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