Coal stocks at major Chinese power plants edge up 0.5% on week
Huaihua, Hunan (Platts)--22Nov2012/428 am EST/928 GMT
Combined coal stocks at six major power plants in eastern and southern
China averaged 13.777 million mt/day in the week ended Tuesday, up 0.5% from
the previous seven-day period, Qinhuangdao Port said Thursday in a weekly
report.
The stocks held by Zhejiang Power, Shanghai Power, Guangdong (Yudean)
Power, Guodian, Datang and Huaneng can last for an average of 22.1 days of
consumption, down 0.5 days week on week, the report added.
Of these, Zhejiang Power's average daily coal stocks dropped 2.6% week on
week to 3.926 million mt and Shanghai Power's 7.2% to 454,300 mt. Guangdong
Power's stocks, however, rose 4% to 1.544 million mt.
Guodian's average daily coal stocks also slipped 2.6% to 3.292 million
mt in the week ended Tuesday, while Huaneng's rose 4.1% to 3.521 million mt
and Datang's inventory jumped 11.2% to 1.041 million mt.
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The six power plants consumed 4.373 million mt of coal, or an average
624,700 mt/day, in the week to Tuesday, up 2.9% week on week.
Zhejiang Power's average coal consumption rose 0.9% week on week to
112,300 mt/day, while Shanghai Power's jumped 24.0% to 31,000 mt/day.
Guangdong Power's consumption dropped 2.8% week on week to 69,100 mt/day.
Guodian's average coal consumption rose 3.5% week on week to 124,000
mt/day and Huaneng's 6.8% to 197,400 mt/day. Datang's average coal
consumption, however, fell 4.5% to 90,900 mt/day.
Zhejiang Power, Guangdong Power and Shanghai Power are regional power
plants while the rest are national supplying electricity for the whole
country.
Combined coal stocks at key power plants across China totaled 93.71
million mt at the end of October, equivalent to 29 days of burn, according to
figures released by the National Development and Reform Commission on
Tuesday.
--Reggie Le, newsdesk@platts.com
--Edited by E Shailaja Nair, shailaja_nair@platts.com