China’s coastal coal freights fall again in week to Sept 8


Freight rates for shipping coal from northern China’s Qinhuangdao port to the ports of Zhangjiagang, Shanghai and Guangzhou in eastern and southern China continued to fall in the week to September 8, port operator Qinhuangdao Port said Tuesday.

The freight rate from Qinhuangdao to Zhangjiagang in eastern China’s Jiangsu province for 20,000-30,000 mt capacity vessels slipped by Yuan 0.10/mt over the week to Yuan 23.10/mt ($3.63/mt) on September 8, the port said.

The rate from Qinhuangdao to Shanghai in eastern China for vessels with a capacity of 40,000-50,000 mt dropped by Yuan 0.20/mt over the week to Yuan 17.60/mt, while the rate from Qinhuangdao to Guangzhou in southern China for 50,000-60,000 mt vessels dropped by Yuan 0.40/mt to Yuan 24.40/mt.

Meanwhile, coal stocks at Qinhuangdao port stood at 6.38 million mt on September 8, down from 6.57 million mt a week ago, port figures show.

Source from : Platts