WEEKLY: Firm sales slim wash-plant met coal stocks

Firm pre-holiday procurement among Chinese domestic end-users led total stocks of processed metallurgical coal at the 110 Chinese independent and affiliated wash plants under Mysteel's weekly survey to drop for the third week last week by a large 72,100 tonnes or 4.5% on week to a near six-month low of 1.53 million tonnes, Mysteel's latest survey showed.

"Some end-users continued to procure coking coal, especially those with low stocks at hand, as they needed to restock sufficient coal for normal production during the National Day holiday (over October 1-7) starting Saturday," observed a Shanghai-based market watcher. Meanwhile, the uptick in coking coal supply failed to match the