Coal inventory at Qinhuangdao port lower than warning line

Oct. 23 MetalBiz--Entry October, the global economy consecutively speeded up reviving, the coal demand is excessively strong, the world-largest coal dispatching port--Qinhuangdao, whose coal stockpile has been lower than the warning line of 5mln tons.

The coal inventory at Qinhuangdao has always been one of indicators measuring the coal-electricity-oil tight extent, and coal transported to southern power plants through Qinhuangdao port accounted for one half of the national total coal seas transportation. Since July, coal inventory at Qinhuangdao port continued dropping.

Partially speaking, the reasons led to the low coal stockpile at Qinhuangdao port are the unsmooth transportation and the restricted production, but the major reason is the reviving economy and the increasing coal consumption in winter. It is unnecessary that people be concerned over the falling coal stockpile.

The newly increased coal production in 2009 reaches around 250mln tons. In all, the production capacity and effective supply ability is relatively considerable, but we should not lower our guard and take the coal-usage peak in the fourth quarter plus the increase in coal consumption brought about the possible rain-snow freezing weather in consideration.