Coal stocks held by China’s six key power generators in the east and south averaged 12.194 million mt over the week to Tuesday, down 1.1% week on week, according to a report by Qinhuangdao Port.
The stocks would last for 21.57 days of average consumption at the six power generators, down 0.31 day week on week, the report said.
Average coal consumption at the six power generators stood at 565,700 mt/day in the week to June 14, up by 0.3% on week, figures showed.
Continual rainy weather in eastern and southern China has resulted in a rise in local hydro-power output and, thus, dampened further growth of thermal coal demand in the upcoming summer season, the report said.
China’s hydro-power output in May rose 20.7% year on year to 93.2 billion kWh, while coal-fired power output in May dropped 6.4% to 330 billion kWh, according to recent data from China’s National Bureau of Statistics.
Source: PlattsPrevious Next