China’s coastal coal freight edges up after trending downward for 11 weeks


Freight rates to ship coal from northern China’s Qinhuangdao Port to Zhangjiagang, Shanghai and Guangzhou began to rise slightly in the week ended July 15, ending a 11-week downtrend, Qinhuangdao Port authorities said Tuesday.

The freight rates from Qinhuangdao to Zhangjiagang in eastern China’s Jiangsu Province for 20,000-30,000 mt capacity vessels stood at Yuan 24.30/mt ($3.91/mt) on July 15, up Yuan 0.50/mt from a week ago, the port said.

The rate from Qinhuangdao to Guangzhou in southern China for 50,000-60,000 mt vessels also edged up Yuan 0.20/mt week on week to Yuan 29.60/mt on July 15.

However, the rate on the Qinhuangdao-Shanghai route for vessels with a capacity of 40,000-50,000 mt remained unchanged week on week at Yuan 20.0/mt on July 15.

Meanwhile, coal stocks at Qinhuangdao Port stood at 7.35 million mt on July 15, up from 7.15 million mt a week ago, port figures show.

Source from : Platts