China QHD port coal stock rebounds to 7 Mt after Daqin maintenance

sxcoal.com General,  Ports 2017-11-21 15:37:00

A surge of inflows has pushed coal stocks up to above 7 million tonnes at Qinhuangdao port, the barometer for China's domestic coal market, following the end of a 23-day maintenance to coal-dedicated Daqin rail line.


Sxcoal.com data shows Qinhuangdao port had 7.10 million tonnes of coal stocks on November 21, breaking the 7-million-tonne mark again after two weeks, a rise of 2.16% from a week ago.


The increase came was rail inflows increased in the past days, especially after the completion of maintenance to Daqin line on November 16.


On November 21, coal inflows into Qinhuangdao port by railway reached 624,000 tonnes, up 27.09% week on week. Compared with the large amounts of inflows, the port's outbound shipment stood at 534,000 tonnes on the day, only a 2.05% rise on the week.


The above figures reflect coal inflows was considerably higher than outflows at the port, a strong sign of sufficient coal supply in the winter heating season.


China has urged coal mines to boost production and transport to meet increased coal consumption during the winter heating season which will last from November to March.


Noting continuously rising coal consumption, the National Development and Reform Commission (NDRC) Spokeswoman Meng Wei warned recently that factors affecting stable coal supply still exist in the winter heating period.


"Ensuring the unleashing of advanced production capacity and further exploring transport capacity are the main measures to ensure a stable coal market in this winter," she said at a press conference on November 15.


The NDRC has made it a priority to ensure coal transport for key ports, major end users and regions, while strengthening monitoring and timely identifying and coordinating solving of crucial issues in production, transportation and demand.


Coal inflows to Qinhuangdao port increased over 17% as soon as Daqin line finished repairs, indicating enhanced rail capacity to cope with delivery challenge in the coming winter peak demand period.


This will also help stabilize domestic coal prices. Prices of thermal coal, used mainly for power generation, have showed signs of stabilizing in recent days. The Fenwei CCI index for the 5,500 Kcal/kg NAR thermal coal was assessed at 670 yuan/t FOB on November 21, steady on the day and down 3 yuan/t from a week ago. It was 38 yuan/t lower than the end of October.


Over January-October, Daqin line's coal shipment totaled 360 million tonnes, up 30.63% year on year. It transported 37.36 million tonnes of coal in October, growing 11.46% year on year, with daily transport averaging 1.21 million tonnes.



(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 China to take half of global LNG demand this yr, Wood Mackenzie 2018-10-17

China broke a record of liquefied natural gas (LNG) demand in 2017 and is on track to break another this year, according to Wood Mackenzie, which may bring good opportunities for new LNG projects for

2 Xinjiang Sep wind power output up 18% YoY, curtailments down 23% 2018-10-17

Northwestern China's Xinjiang autonomous region registered a good run in wind power generation, with output and capacity utilization rising and idling volumes falling from a year ago, data from the re

3 China coke prices on new round of rise; coking coal market well supported 2018-10-17

It seems that the second bout of price hike in October has kicked off after some producers in Shanxi raised coke prices by another 100 yuan/t on October 15, following 50-100 yuan/t hike days ago, yet

4 China plans to drill 2nd combustible ice well in Nov 2018-10-17

Following the first well of natural gas hydrate in South China Sea, China is planning to set out a second well of this kind in November to further evaluate the commercial potential of the submarine re

5 China Coal Daily Track (Oct 17) 2018-10-17

Thermal coal Domestic market Production area Coal miners in Inner Mongolia and Shaanxi were planning to adjust up their selling prices again due to active pre-winter restocking

6 Chinese thermal coal market further heats up, trading volume increases 2018-10-17

China's spot thermal coal market kept strength on talks of coal transport restriction in eastern China early next month when the Shanghai International Import Expo convenes. The news stoc

7 China utilities less affected by coal import curb, traders 2018-10-17

China's control on coal import by power plants seemed not as stringent as expected, according to some traders participating in import business as some power majors still issued tenders recently.

8 Shanghai CIIE expected to shore up thermal coal prices 2018-10-16

The upcoming coal transport restriction during China International Import Expo in Shanghai is likely to shore up China's thermal coal prices, due mainly to possible in-advance replenishment triggered

9 Caofeidian Group establishes 1st inland transfer hub in NE China 2018-10-16

An opening ceremony was held on October 12 for the first inland Manzhouli transfer hub in northeastern China by Caofeidian Port Group, co-organized by Tangshan and Manzhouli municipal governments.

10 Fewer coal trades concluded as offer prices further climb up 2018-10-16

China's spot thermal coal market witnessed poor trading activities at the beginning of this week after a rapid price increase last week, which made traders wary of taking positions. One T

Most Read Articles

1 Ganqimaodu Jan-Aug coking coal imports at 26.56% of China's total 2018-10-08

Ganqimaodu border crossing in China's Inner Mongolia imported 11.59 million tonnes of coking coal from the neighboring Mongolia over January-August this year, falling 1.76% from the year-ago level but

2 Continued import curbs and short supply underpin China coal prices 2018-10-11

China's port thermal coal prices were well propped up by persistently tight controls on imports alongside production constraints at mines for environmental clear-up. Relevant government d

3 China spot thermal coal prices close to 650 yuan/t; import curbs likely to remain 2018-10-09

China's thermal coal market moved steadily upward after the weeklong National Day Holiday, with many spot coal traders elbowing up offer prices, pushing up spot price of 5500 Kcal/kg NAR thermal coal

4 QHD port stocks fall to half-yr low; bullishness shines in Chinese market 2018-10-11

Coal stocks have tumbled drastically to below 5 million tonnes at northern China's Qinhuangdao port recently, paving the way for a likely coal price rise in the future. Eyeing such

5 Shanxi to cut coking capacity, coke output to cut toxic emission 2018-10-10

Shanxi province, a major coal mining hub in northern China, vowed to cut coking capacity and annual coke output, according to a government statement on October 9, in line with a long-term drive to red

6 China's QHD port remains irreplaceable to coal shipment 2018-10-11

China's Qinhuangdao port, as a barometer of thermal coal market and stabilizer of coal prices, is proven irreplaceable to coal shipment, mainly a transfer center for cargoes from production areas to c

7 China Sep coal imports decline as demand falls 2018-10-12

China imported 25.14 million tonnes of coal in September, falling 7.18% from the year prior and down 12.35% from August, showed data from the General Administration of Customs (GAC) on October 12.

8 Mongolia Sep coal exports soar 55.38% on yr 2018-10-12

Mongolia exported 3.58 million tonnes of coal in September, soaring 55.38% on the year and 20.09% on the month, data from the National Statistics Office showed. In January-September, coal

9 India's coal import rises 35% to 21.1 mln T in Sep 2018-10-08

India's coal import increased substantially by 35% to 21.1 million tonnes in September, as against 15.61 million tonnes in the corresponding month previous fiscal. The rise in imports comes at a time

10 Peabody Energy to shut parts of Queensland mine after fire 2018-10-12

Coal miner Peabody Energy said on October 11 it intends to permanently seal the area where high methane levels have been concentrated after it reported fire in parts of its North Goonyella mine in Aus