Qinhuangdao port coal inventory remains on week on recovering demand

Published: 28 Apr 2009 01:26:23 PST

Apr.28 MetalBiz--The coal stocks and benchmark cash prices of coal at Qinhuangdao port, China's largest coal export port, held steady Monday from the week earlier level, statistics published by China Coal Transportation and Distribution Association (CCTD) showing.

The data exposed that coal storage at Qinhuangdao port was 3.7 million tons by Monday, compared to 3.72mln tons a week ago. The 5,800-kcal/kg-coal price still stays at 600-620 yuan per ton.

Maintenance of coal stock at the current level indicates increasing downstream demand for coal with coal rising shipment to the port.

It is reported that by official data China's coal productions came to 233mln tons in March, up 10.3% than the same period last year, and up 18.8% than last month.