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Combined coal stocks at China's major Bohai Sea ports up week on week

Tuesday, 21 February 2012 | 16:30
Combined coal stocks at the four major ports along northern China's Bohai Sea rim rose by 131,000 mt, or 0.8%, week on week to 16.932 million mt on February 19, according to a statement Monday by Qinhuangdao Port.
Qinhuangdao Port held 7.92 million mt of coal on February 19, up 2.2% week on week; stocks at Caofeidian Port rose 1.2% to 2.62 million mt; coal stocks at Tianjin Port gained 2.1% week on week to 2.39 million mt; and stocks at Jingtang Port fell 2.9% to 4.0 million mt.
The number of vessels queuing at the four ports increased to 176 on February 19, up from 147 on February 12, due to a pickup in electricity demand amid a recent cold snap across the country, according to the statement.
Qinhuangdao Port had 90 vessels in queue on February 19, up by five from a week ago; Jingtang Port had 30 vessels in queue, up by 10; Tianjin Port had 31 vessels in queue, up by five; and Caofeidian Port had 25 vessels in queue, up by nine.
Meanwhile, Qinhuangdao Port's inbound coal railings were 4.59 million mt in the week to February 19, up 3.1% week on week, according to a separate statement by the port Monday. Its outbound coal shipments, however, dropped 1.0% to 4.42 million mt in the week to February 19.
Source: Platts
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