China's six major power firms see coal stocks on the rise in end-Aug

2017-09-01 11:03:00 Company sxcoal.com

China's six major power firms saw coal stocks increase gradually above 11 million tonnes at the end of August, showing eased stocks pressure they faced in recent power peak season.


Their coal stocks rebounded to 11.32 million tonnes as of August 31, up 5.4% from the lowest level of 10.73 million tonnes on August 28, showed data from industry portal sxcoal.com.


The volume was enough to cover 15.2 days of use, 1.4 days more than three days earlier, data showed.


It was an ease from previous stocks tightness where only 13 days of coal use could be covered, mainly attributed to falling coal burns at utilities amid cooling weather.


Besides, slight decline of spot coal prices boosted power companies' buying interest and increased their stocks to some extent.


Data showed that domestic 5,500 Kcal/kg NAR coal assessed by Fenwei CCI Spot 5500 Index dropped by 2.5% from 640 yuan/t FOB in early August to 624 yuan/t FOB on August 30.


(Writing by Tammy Yang   Editing by Jessie Jia)
For any questions, please contact us by inqury@fwenergy.com or +86-351-7219322.

Editors Recommendations

1 Weekly global coal market news summary (Sep 18- Sep 22) 2017-09-22

World energy consumption to grow 28% by 2040, EIA The U.S. Energy Information Administration's (EIA) recently released International Energy Outlook 2017 (IEO2017) projects that world energy c

2 Weekly China coal market news summary (Sep 18- Sep 22) 2017-09-22

China's NDRC calls for output and transport boost to ensure coal supply China's National Development and Reform Commission (NDRC) on September 20 called for relevant authorities to boost pro

3 Exorbitant import coal prices hinder Chinese buyer interests 2017-09-22

Chinese traders and power producers were sacred away by exorbitant thermal coal prices offered by Indonesian and Australian miners, despite an ongoing supply crunch that have pushed up domestic prices

4 Global crude steel Aug output up 6.3% on yr, Worldsteel 2017-09-22

Crude steel production for the 67 members of the World Steel Association totaled 143.6 million tonnes in August, growing 6.3% from a year ago and almost flat from the month prior, showed data from Wor

5 Heihe port reopens to Russian coal after 6 yrs 2017-09-22

Heihe port, the northeastern most point of China's Heilongjiang province, resumed import of coal from neighboring Russia after a lapse of six years, sources from Heihe Inspection and Quarantine Bure

6 Hebei steel makers slow down coke buying as stocks increase 2017-09-22

Steel producers in Hebei, China's top steelmaking province, have slowed down purchase for coke, after their stockpiles increased to a moderate level in the wake of recent intensive restocking, sour

7 China set for world's largest clean coal power system by 2020 2017-09-22

China is expected to boast the world's largest clean coal power system with high efficiency by 2020, the Xinhua-run Economic Information Daily reported on September 20. Since 2014, the co

8 China thermal coal supply tension remains as rail wagons hard to get 2017-09-21

Despite several official directives issued earlier urging coal miners to expand production, supply of thermal coal remained tight in China, with traders reporting difficulties in securing railway capa

9 China CTO industry growth beset with difficulties 2017-09-21

With rapid development these years, China's coal-to-olefin (CTO) sector is undergoing a bottleneck period. Companies that used to make a killing from CTO projects have been almost unprofitable now.

10 China thermal coal price soars high, beating market expectations 2017-09-21

Prices of thermal coal, used mainly for power generation, continued to fly high in September, after recovering from a brief decline that ended in late August, beating market expectations of a weake

Most Read Articles

1 Mongolian miners plan coal output hikes as China demand rises 2017-09-12

Mongolia's coal miners are looking to ramp up production to meet growing demand from top buyer China, but longstanding transportation issues continue to hold back sales, Reuters reported on September

2 Coal supply for power plants to improve over 15-20 days 2017-09-11

In view of current coal shortage in the power plants, the supply of the fossil fuel would improve over the next 15-20 days, IANS reported on September 9, citing the Union Railways and Coal minister Pi

3 Shanxi to shut first batch of coal-fired power capacity of 840 MW this yr 2017-09-11

Coal-rich Shanxi province publicized the first batch of coal-fired power plants to be shut in 2017, totaling 840 MW, said an official notice. The move, involving five power companies, is

4 China coking coal on track for worst day since contract launch 2017-09-15

China's coking coal futures plunged almost 8% in afternoon trading on September 15 and were on track for their biggest one day drop since the contract's launch in 2013 on chart-based selling amid worr

5 China iron ore, steel rebound after five-day slide 2017-09-12

Steel and iron ore futures in China advanced on September 12, regaining some lost ground after a five-day retreat, with demand seen remaining intact in the world's top consumer of both commodities.

6 China spends big to ensure clean winter heating in N. China 2017-09-11

Chinese central and local governments are committed to huge spending in the coming three years to ensure clean winter heating in 12 cities in northern China. Those cities, including Shiji

7 24 coal cos ranked on list of China's top 500 companies in 2017 2017-09-12

A total of 24 coal enterprises are ranked on the list of China's top 500 companies this year, two less than a year ago, showed the list on September 10 published by China Enterprise Confederation (CEC

8 Northeast China's largest solar power farm comes online 2017-09-12

A 100-MW floating photovoltaic (PV) power project was reported to be connected to gird recently in Zhuanghe city of Liaoning province, marking the largest solar power plant in northeastern China ha

9 China releases guideline to support reform of coal-rich province 2017-09-12

China's State Council made public a guideline to support the economic transformation of coal-rich Shanxi province, Xinhua News Agency reported on September 12. By 2020, the share of coal

10 Inner Mongolia thermal coal prices edge up in Aug 2017-09-12

Thermal coal prices increase slightly in northern China's Inner Mongolia last month, said the regional development and reform commission. In August, thermal coal mine-mouth prices average