Coal stocks of Chinese coastal power utilities fell last week, as consumption rebounded with returning power generation demand and rising summer temperatures. Coal stocks at utilities in eight coastal provinces were 29.84mn t on 23 June, a fall of 540,000t from a week earlier. Coal consumption by these utilities reached 1.86mn t/d on 23 June, up by 150,000 t/d from a week earlier. This then rose to 1.93mn t/d on 24 June, the highest level since 22 February this year. This means stocks held by these utilities could be as low as equivalent of 16 days of use.
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