China's six coastal power generators' coal stocks rise above 20 days

sxcoal.com General,  Viewpoint 2017-11-02 14:39:00

Combined coal stocks held by China's six leading power generators in southern and eastern coastal areas now are enough to cover more than 20 days of use on average, as their daily consumption further dropped recently.


Data from sxcoal.com showed their coal stockpiles increased 21.18% from the beginning of October to 12.36 million tonnes on November 2, the highest since August. The upward trend has been sustained since mid-October.


On November 2, the six generators' daily coal burning fell into f 494,000 tonnes, the lowest since February 10, down 30.23% from the beginning of October.  


Coal demand from power plants has been lackluster during October, partly due to tumbled daily consumption. Sxcoal.com data showed daily consumption of the six generators continued to fall in October, down to 515,000 tonnes on October 31 from the month's high of 734,000 tonnes on October 12 to, a tumble of more than 29.8%.  


To some extent, high stocks and poor consumption have slowed their restocking effort for the power generation fuel. This was an epitome of the overall waning demand in the market, partly explaining poor sales at northern ports.


Coal handling volume at Qinhuangdao port shrank by 53.3% from a week ago to only 323,000 tonnes on October 31. The number of vessels expected to arrive at the port averaged 6.25 vessels in October 28-31, declining 66.8% from 18.8 vessels on October 23-27.


However, the market demand is likely to pick up gradually in November, as winter heating starts in northern China. Jilin and Heilongjiang have started winter heating last week, and more other provinces will start this week.



(Writing by Alex Guo  Editing by Harry Huo)
For any questions, please contact us by inqury@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editors Recommendations

1 Could cold snap prop up China thermal coal prices? 2018-12-10

A new wave of cold snap gripping most areas in China may partly bolster thermal coal market at a time when the January-November imports of the power-generating ingredient surpassed the total import in

2 Coal trades lack strength at N China ports, yet bullish sentiment simmering 2018-12-10

Thermal coal trades remained thin at northern Chinese ports last week, partly as prices have been falling close to traders' breakeven point, but most of them expected the market to improve later.

3 China's import thermal coal trades stagnate amid wait-and-see mood 2018-12-10

China's import thermal coal trades remained stagnant amid strong wait-and-see sentiment among both end users and traders. The latest coal import seminar convened by Chinese authorities also failed to

4 China Coal Daily Track (Dec 10) 2018-12-10

Thermal coal Domestic market Production area In Shaanxi, coal prices were in temporary stabilization but some miners reported sale pressures. In Ordos, Inner Mong

5 Tangshan port Jan-Nov cargo handling exceeds 570 Mt 2018-12-10

Tangshan port, located in southeastern coastal region of Tangshan city of Hebei province, registered total cargo handling of 572.32 million tonnes over January-November this year, up by 8.86% from a y

6 China PPI rises 2.7% in Nov 2018-12-10

China's producer price index (PPI), which measures costs for goods at the factory gate, rose 2.7% year on year in November, the National Bureau of Statistics (NBS) said on December 9. The

7 Weekly global coal market news summary (Dec 3- Dec 7) 2018-12-07

Indonesia's Dec HBA thermal coal price dips for 4th mth to $92.51/t Indonesia's Ministry of Energy and Mineral Resources has set its December thermal coal reference price, also known as Harga

8 Cold front hitting China's south & east – but coal traders may love it 2018-12-07

A strong cold front not only brings the first snowfall of this year to some northern cities, it also causes sharp temperature drop in the south. The National Meteorological

9 Shanghai steel rebar futures set for best week in 5 mths on glut concerns 2018-12-07

China's steel rebar dropped nearly 2% on December 7, but is poised for its best week in nearly five months, reflecting persistent concerns over surplus supply amid high utilisation rates at steel mill

10 Chinese coal importers avoid taking position amid policy uncertainty 2018-12-07

Chinese thermal coal traders are shy of taking positions in the seaborne import market, as the country's import policy remains up in the air. Considering the policy risk, one Beijing-base

Most Read Articles

1 Cold front hitting China's south & east – but coal traders may love it 2018-12-07

A strong cold front not only brings the first snowfall of this year to some northern cities, it also causes sharp temperature drop in the south. The National Meteorological

2 China coking coal rallies to 15-month high amid tighter supply 2018-12-07

Chinese coking coal futures jumped to their highest in nearly 15 months on December 7, supported by tighter supply amid safety checks at coal mines, while coke surged nearly 6% to a five-week high.

3 Weekly global coal market news summary (Dec 3- Dec 7) 2018-12-07

Indonesia's Dec HBA thermal coal price dips for 4th mth to $92.51/t Indonesia's Ministry of Energy and Mineral Resources has set its December thermal coal reference price, also known as Harga

4 Tangshan grapples with emissions discharged by steel mills 2018-12-07

Sintering machines and pelletizing devices equipped in steel mills in Tangshan city in northern China's Hebei province will be asked to suspend production for rectification till December 31, if they f

5 Shanghai steel rebar futures set for best week in 5 mths on glut concerns 2018-12-07

China's steel rebar dropped nearly 2% on December 7, but is poised for its best week in nearly five months, reflecting persistent concerns over surplus supply amid high utilisation rates at steel mill

6 Shanxi approves trial run of 6 coal mines with 16.4 Mtpa capacity 2018-12-07

Shanxi Energy Administration has approved 2 mines' requests of expanding previous planed trail run period and 4's proposals of starting trail run since November. The 6 coal mines with combined designe

7 A review of 1st Coking Coal Market Analysis & Blending Technology Application Summit 2018-12-03

The 1st Coking Coal Market Analysis & Blending Technology Application Summit co-hosted by Shandong Coking Industry Association and Fenwei Energy Information Services Co., Ltd. wrapped up successfu

8 China Coke Market Analysis and Forecast (Dec 2018) 2018-12-06

Despite strong support from coking coal prices, China's metallurgical coke market was badly hammered in November by steel price nosedive. In November, the market has experienced

9 China Nov coal import extends decline for 4th mth; down 17% on mth 2018-12-08

China imported 19.15 million tonnes of coal in November this year, down 17% from the previous month, showed the latest data released by the General Administration of Customs on December 8.

10 China spot thermal coal market may trend down further 2018-12-04

China's spot thermal coal market is forecast to further trend down in the high demand winter season, but the downside space could be limited, as downstream utilities have low demand for spot coal afte