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Tuesday, March 1, 2011

Caofeidian port rail coal supply rose last week


Mar 1, 2011 |en.sxcoal

Coal transported via railway to Caofeidian port, one of the coal-loading ports in northern China, increased 138,000 tonnes to 1.14 million tonnes in the week from Feb 21 to 27, according to the coal portal, operated by Qinhuangdao Seaborne Coal Market.

Coal haulage via railway averaged 163,000 tonnes per day last week, jumping 13.99 percent from a week ago, according to the report, adding the rail coal shipment had surged for two straight weeks.

According to statistics, Caofeidian port handled 894,000 tonnes coal in the week, up 71,000 tonnes or 8.63 percent from the previous week, especially over 160,000 tonnes from Feb 24 to 26.

As navigation at the port was closed for more than 50 hours, an average of 27 vessels waited off the port for loading, 18 vessels more than that in the previous week.

As of Feb 27, coal stockpiled at Caofeidian port stood at a higher level of 2.37 million tonnes.

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