13-09-2016

Combined coal stocks at China’s key Bohai sea ports fall 7.5% on week

coall

Combined coal stocks at China’s key Bohai Sea ports — Qinhuangdao, Caofeidian, Jingtang and Tianjin — totaled 8.92 million mt Sunday, down 7.5% from 9.645 million mt a week ago, according to data released by Qinhuangdao Port Monday.

Qinhuangdao Port held 2.58 million mt of coal Sunday, followed by Tianjin Port with 2.53 million mt, Jingtang Port with 2.34 million mt, and Caofeidian Port with 1.47 million mt.

Coal stocks at Qinhuangdao Port rose week on week, but stocks dropped at Tianjin Port, Caofeidian Port and Jingtang Port, the port operator at Qinhuangdao Port said, without giving any specific change rates.

Strong downstream coal demand has continued to underpin southbound coal shipments in the past week, resulting in a drop in the combined coal stocks at the above sea ports, according to Qinhuangdao Port.

Elsewhere, coal stocks at the Huanghua port, Shenhua Group’s captive coal port in northern China’s Hebei province, stood at 1.10 million mt Sunday, down from 1.50 million mt a week ago, figures from Huanghua Port Authority showed.

Source: Platts 

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