WEEKLY: Chinese coke plants' stocks dip to 3-mth low

Total stocks of metallurgical coke at the 230 Chinese independent coking plants that Mysteel regularly tracks have decreased for the consecutive eighth week over June 30-July 6, down by another 59,200 tonnes or 8.3% on week to 657,400 tonnes, reflecting firm coke demand from steelmakers during the week.

Downstream steel mills showed some production enthusiasm as their profits were becoming healthier over the survey period, which spurred them to keep purchasing steelmaking ingredients. Although the increased replenishment from steel mills has improved sales for coke makers, they still suffered the widening losses, as coke prices remained at a