Coal stocks held by China’s key Bohai Sea ports rise 7% on week
Combined coal stocks at China’s key Bohai Sea ports of Qinhuangdao, Caofeidian, and Jingtang totaled 12.785 million mt on March 5, up 6.8% from 11.97 million mt on February 26, according to data released Monday by port operator Qinhuangdao Port.
Increased inbound coal railings to the ports after the spring festival holidays have continued to push up stocks at the Bohai Sea ports, the port operator said. This is because upstream coal mines have resumed production after the holidays.
Coal stocks were highest at Qinhuangdao Port, with 6.64 million mt on March 5, up from 6.15 million mt on February 26. Caofeidian port held 2.485 million mt of coal on March 5, up from 2.29 million mt on February 26.
Jingtang Port held 3.66 million mt of coal on March 5, up from 3.53 million mt on February 26.
Elsewhere, coal stocks at Huanghua port, Shenhua Group’s captive coal port in northern China’s Hebei province, stood at 2.54 million mt on March 5, up from 2.08 million mt on February 26, according to figures from the Huanghua Port Authority.