Coal Stocks at Qinhuangdao Port Grew

According to sources, the coal stocks at Qinhuangdao port increased this week, due to the weather-related port closures and higher inbound rail deliveries. The increase marked a rise compared with the previous two weeks.

The average daily coal consumption at key coastal utilities Huaneng, Datang, Guodian, Zhejiang Power, Shanghai Power and Yudean reached 688kt this week, edging up by 3kt week on week. Higher temperatures in East and South China boosted the daily coal consumption at the plants to a new high level of 743kt as of May 14.