Source:en.sxcoal.com Jan 14, 2011
Coal stockpiles at four major loading ports in northern China further dropped in the week from Jan 7 to 13, falling for the fourth consecutive week, as power plants began to replenish inventory for the Spring Festival and less inflows from suppliers, according to Qinhuangdao Seaborne Coal Market..
As of Jan 13, a total of 14.61 million tonnes coal was stockpiled in ports of Qinhuangdao, SDIC Cafeidian, Jingtang and Tianjin, falling 824,000 tonnes or 5.34% from a week ago.
The stockpile was a decrease of 2.29 million tonnes from 16.9 million tonnes on Dec 16, 2010,
Qinhuagndao, China’s top loading port of the fuel, had 6.92 million tonnes coal in stock on Jan 13, reducing 10,000 tonnes or 0.14% from a week before, data showed.
Meanwhile, coal stocks at ports of SDIC Cafeidian, Jingtang and Tianjing, fell 12.79%, 6.66% and 10.48% from a week ago to 1.84 million, 2.94 million and 2.85 million tonnes, respectively, according to statistics.
Recently, sleets and freezing temperature in parts of southern China has boosted electricity demand and power plants are sending vessels to load coal at northern ports to build up stockpiles before the Spring Festival, which falls on Feb 3 this year.
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