Qinhuangdao coal stocks fall almost 5% on power plant demand

摘要

Huaihua, Hunan — Qinhuangdao Port, China’s largest coal port, held 8.28 million mt of coal stocks Monday, down 4.6% week on week from 8.68 million mt on July 23, figures released by the northern port authorities showed. Stocks at the port had fallen below 8.6 million mt in the first week of July before replenishing above that level in mid- July. A rise in coal purchases by downstream power plants is believed to have been behind the latest drop in stocks, mar- ket sources said.