07-06-2016

Coal stocks at China’s key Bohai Sea ports slide 10.7% on week

coal

Combined coal stocks at China’s key Bohai Sea ports, including Qinhuangdao Port, Caofeidian Port, Jingtang Port and Tianjin Port, totaled 11.79 million mt as of June 5, down 1.418 million mt or 10.7% week on week, according to data released by Qinhuangdao Port on Monday.

Qinhuangdao Port held 3.99 million mt of coal on June 5, followed by Jingtang Port with 3.20 million mt, Caofeidian Port with 2.465 million mt and Tianjin Port with 2.135 million mt.

Coal stocks at all the four Bohai Sea ports dropped week on week, Qinhuangdao Port said, without giving specific change rates.

The number of vessels queuing at the four ports totaled 46 on June 5, down from 64 a week ago, the port said.

The arrival of hot weather in southern and eastern China has apparently increased local electricity consumption, resulting in a rise in coal demand, a Shanghai-based trader noted.

Source: Platts

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