Qinhuangdao port coal stocks edge down following price cap

sxcoal.com Ports,  Seaborne Shipment 2018-02-07 10:59:00

Coal stocks at China's benchmark Qinhuangdao port edged down, as inbound arrivals, which already held low due to mines' low output and tight rail capacity, were further curtailed by the government's recent price control measure.

 

On February 7, the port had 6.25 million tonnes of coal stocks, dropping for the 14 consecutive day, 11.9% lower than the recent high of 7.15 million tonnes on January 23, showed data from industry portal sxcoal.com.

 

The volume of coal railed to Qinhuangdao port reached 553,000 on average each day in the first week of January, 7.8% lower than the previous month, data showed.

 

Chinese utilities posted a fast increase in coal burns entering February. Data showed that daily coal burns at coastal power plants of six major power companies have been staying above 800,000 tonnes since the beginning of February, while their coal stocks were only enough to cover less than 10 days.

 

The port shipped out 620,000 tonnes of coal averagely each day in the first week of January, up 6.9% from the previous week. 

 

As for other ports, Huanghua port had 2.22 million tonnes of coal stocks on February 7, down 0.9% from the preceding week.

 

High demand has driven up spot prices of thermal coal traded at northern China ports. The Fenwei CCI Thermal index for domestic 5,500 Kcal/kg NAR was assessed at 750 yuan/t on February 6, flat month on month.

 

To curb too fast price growth, NDRC, the nation's top economic planner, ordered authorities with Qinhuangdao port to report to it once finding above-750 yuan/t 5,500 Kcal/kg NAR coal, and it would take according measures to ensure no such supply flows into and traded at the port.


(Writing by William Gao  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 Yangtze Power Q3 power output up 10% on yr 2018-10-18

China Yangtze Power Co., Ltd said its power generation totaled 82.79 TWh during the third quarter this year, an increase of 9.85% from the same period last year, said the company in its quarterly anno

2 China Coal Daily Track (Oct 18) 2018-10-18

Thermal coal Domestic market Production area Coal prices continued the upbeat trend in major production areas. Some miners adjusted up prices by 30-40 yuan/t at a time in the central Sha

3 Xinjiang solar power curtailments drop significantly in Sep 2018-10-18

Northwestern China's Xinjiang autonomous region saw a marked decrease in solar power waste last month, according to the regional development and reform commission. In September, Xinjiang

4 Inner Mongolia Jan-Sep power output up 13% YoY 2018-10-18

Utilities with capacity of 60 GW and above generated a total 366.4 TWh of electricity in northern China's Inner Mongolia autonomous region in January-September, up 12.92% from a year ago, showed data

5 China's thermal coal prices may further jump after CHN Energy's adjustment 2018-10-18

Major coal producers are expected to follow suit after China Energy Investment Corporation (CHN Energy) adjusted up its spot prices lately, which may further shore up thermal coal market.

6 Spot prices continue to increase in Chinese thermal coal market 2018-10-18

China's spot thermal coal prices have been moving up so far this month at northern transfer ports, given resilient pre-winter buying from power plants and bullish sentiment. Though trader

7 China's import coal traders anticipate demand rebound in Nov 2018-10-18

Lots of traders are anticipating a strong rebound of demand in November in China's thermal coal import market, as utilities' purchase may brisk up again prior to the release of next year's import quot

8 Coke stocks linger low at Chinese coking and steel plants 2018-10-18

Coke stocks hovered at relative low levels at both coking and steel plants in China, which, combined with climbing demand, helped shore up prices of the steelmaking material. The coke mar

9 CHN Energy raises spot thermal coal price again this mth 2018-10-18

China's coal conglomerate CHN Energy roared the spot market with another 23 yuan/t hike, following 18 yuan/t rise already made at the beginning of the month, sources disclosed. The

10 Shandong to boost "road-to-rail" transport of bulk commodities 2018-10-18

Shandong will boost the conversion from road to rail transport of bulk commodities, in an effort to promote its transport structural adjustment, according to provincial officials. The pro

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