HomeProduct Complimentary download QHD coal stocks hit 3-mth high on reduced shipment

QHD coal stocks hit 3-mth high on reduced shipment

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Publish time: 21st July, 2015      Source: www.cnchemicals.com
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Coal stocks at Qinhuangdao port, the benchmark for China’s domestic market, hit a 3-month high at 7.06 million tonnes on July 18, due to persisting weak demand and typhoon-interrupted shipping activity.On July 21, coal stocks at the port was 6.99 million tonnes, down 0.43% on day but up 6.72% from a week ago, showed data from Qinhuangdao Port Group.Daily inbound coal railings to Qinhuangdao port averaged 0.59 million tonnes during the week ended July 21, down 6.6% on week; while outbound shipment was 0.53 million tonnes on average each day over the same period, plunging 22.3% on week.Coal demand from utilities recovered a bit this week, as plants gradually resumed chartering activities after typhoons and hot weather.Coal stocks at power plants under the six coastal utilities stood at 13.04 million tonnes on July 21, down 0.1% from a week ago; daily coal consumption averaged 0.6 million tonnes, up 4.3% from the previous week. That was enough to cover 21.7 days of consumption, down from 22.7 days a week ago.