China Qinhuangdao coal stock up 13 pct on week

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Sunday, 18 January 2009

Coal stocks at Qinhuangdao, China's top coal shipping port, climbed 13 percent on the week, to 5.5 million tonnes, as more coal arrived than was shipped out, port data showed on Friday. A total of 265 million tonnes of coal arrived at the port via railway in the past five days, while only 206 million tonnes were shipped away, according to Reuters calculation based on the data. Average daily arrival of coal cargoes based on month-to-date calculations rose 11 percent to 6,080 up to Jan. 16, compared with the period up to Jan. 9, port data showed.
At ports of Guangzhou, capital of the southern province of Guangdong, coal stocks had risen 6 percent to 1.7 million tonnes on Thursday.
Here is a table on Qinhuangdao's coal stocks, and arrivals and shipments to Jan. 16.
Source: Reuters