Tag: China Coke prices
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Rising coking coal, coke inventories add downward pressure to prices
Inventories of coking coal started to pile up at major production areas of China alongside the sustained lukewarm purchases by coke firms, spurring further price cuts of miners to ease inventory pressure. Sxcoal’s tracking data showed raw coking coal stocks held by the surveyed mines rose 10.2% week on week to 3.26 million tonnes on…