WEEKLY: Chinese coke plants' stocks lower, output climbs

ABSTRACT
Total stocks of metallurgical coke held by the 230 Chinese independent coke manufacturers that Mysteel regularly tracks continued its downtrend during the survey week to February 23, losing 76,800 tonnes or 10% on week to 693,100 tonnes. The marked decline was mainly fueled by Chinese steelmakers' active procurement of coke products, according to survey respondents.

Demand for coke among downstream steel mills remained firm during the survey week, as more mills across the country maintained steady production or ramped up their output after observing that end-users' demand for steel gradually recovered, a Shanghai-based analyst shared. Over February 17-23, the daily trading volume of construction steel