Coal inventories at the four major harbors around Bohai Sea increased to 13.877 million tonnes due to severe weather in the week ending November 20 up by 16.11% or 1.926 million tonnes marking the highest growth at record.
Coal Stocks at Major Ports around Bohai Sea during November 14 to 20 2011
Port | Coal Stocks | Up/Down | Growth% |
Qinhuangdao port | 687 | 104.7 | 17.98 |
Jingtang port | 226 | 36 | 18.94 |
SDIC Caofeidian port | 240 | 35 | 17.07 |
Tianjin port | 234.7 | 16.9 | 7.75 |
(In 10,000 tonnes)
Industry sources said that coal stocks at the four ports will fall slightly once weather turns better and thermal coal prices are expected to edge down accordingly.
(source: steelhome.cn/en)
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