UTC+8 ( BJT)

WEEKLY: China wash-plant met coal stocks at 16-mth high

ABSTRACT

Total stocks of processed coking coal at the 110 Chinese independent and affiliated wash plants in Mysteel's regular survey increased for a second week by another 76,100 tonnes or 4% on week to 2 million tonnes as of June 28, or a new high since late February 2021, according to the latest survey report. Respondents attributed the mounting stocks to a reduction in coal procurement among domestic coking plants and steelmakers.
Processed coking coal output among these wash plants was generally flat this week, declining by 4,400 tonnes/day on week to total 612,600 t/d on June 28, while their capacity utilization rate inched up by a tiny 0.02 percentage point on week to 73.66%, Mysteel's data showed.   "The sales pressure on coking

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227