Coal stocks at China’s key Bohai sea ports fall for 7th straight week

2014-09-02

Coal stocks at China’s four major Bohai Sea ports dropped 4% week on week to 17.334 million mt on August 31, the seventh straight week of fall, the Qinhuangdao port authorities said Monday, September 1.

Coal stocks dropped 3.4% week on week to 5.41 million mt at Qinhuangdao port; 9% to 3.33 million mt at Jingtang; 1.4% to 5.83 million mt at Caofeidian; and 4% to 2.76 million mt at Tianjin.

The number of vessels queuing at the four ports totaled 90 on Sunday, down from 131 a week ago, Qinhuangdao port said.

Meanwhile, coal stocks at Fangcheng Port, a key facility for imports of Australian and South African thermal coal, stood at 5.34 million mt on Sunday, down from 5.52 million mt a week ago, according to a port source.

Source from : Platts

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