Coal Stocks at Key Bohai Sea Ports Rise 2.4% on Lower Demand from Power Plants
Combined coal stocks at China's four major Bohai Sea ports stood at 14.315 million mt on Sunday, up 337,000 mt or 2.4% week on week, amid weaker coal demand from southern power plants, Qinhuangdao Port said Monday.
Coal stocks at Qinhuangdao Port rose 5.9% week on week to 5.82 million mt on Sunday; stocks at Caofeidian Port rose 1.4% to 3.01 million mt; stocks at Tianjin Port edged up 1.9% to 3.01 million mt. However, stocks at Jingtang Port dropped 3.1% week on week to 2.48 million mt, the port statement said.
Queuing vessels at the four major sea ports totaled 172 on Sunday, down from 182 a week ago, but up from 163 on October 21, the port statement said.
Qinhuangdao Port had 115 vessels in queue on Sunday, up by 22 from the week before. Jingtang Port had 22 vessels waiting, down by 10 week on week, while Tianjin Port has 25 vessels in queue, down by 10 week on week. There 10 vessels waiting at Caofeidian Port down by 12 week on week.
Meanwhile, coal stocks at Fangcheng Port in southern China's Guangxi Zhuang Autonomous Region, a key import facility for coal from South Africa, stood at 5.03 million mt on Sunday, slightly down from 5.05 million mt a week ago, a port source said.
Stocks at Fangcheng Port stood at 5.24 million mt on October 21, 5.48 million mt on October 14 and 5.3 million mt on October 7, the source said.
The port has a design coal storage capacity of 8 million mt.
The recent spate of cold weather in China is expected to deplete coal stocks at Fangcheng Port over the next few weeks, the source said. In the week to Sunday October 4, outbound coal shipments from Fangcheng Port totaled 120,000 mt, while inbound coal cargoes totaled about 140,000 mt, with another two cargoes [of about 220,000 mt] to be unloaded shortly, the source said.
(Platts Nov. 2012)