Coke stocks at Rizhao and Dongjiagang ports increase

Coke stocks at Rizhao and Dongjiagang ports increased 45 Kt WoW to 1.18 Mt as of Dec 25. With more blast furnaces suspended, molten iron production slumped, denting rigid coke demand. This, combined with swift drops of feed coal, stoked bearish sentiment at portside market. The Quasi Grade I met coke offers lingered around 1,650 yuan/t at ports, ex-stock with VAT, while no trade concluded yet.

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