WEEKLY: Chinese coke plants' stocks touch 21-month high

The total stocks of metallurgical coke held by the 230 Chinese independent coke makers that Mysteel regularly tracks climbed further during the week to February 13 to top 1 million tonnes, rising by another 22,600 tonnes or 2.3% on week and touching a new high since mid-May 2023, the latest survey results show.

Survey respondents said the ongoing rise in coke stocks mainly reflected sluggish coke sales during the week. Most steelmakers were in no rush to replenish their coke inventories, despite the merchant coke makers having agreed to yet another reduction in their coke selling prices earlier in the week. On Monday,