Huaihua, Hunan (Platts)--12Dec2012/534 am EST/1034 GMT
Freight rates for shipping coal from northern China's Qinhuangdao Port to the southern ports of Zhangjiagang, Shanghai and Guangzhou fell slightly in the week to December 12, after staying rangebound for two weeks, a weekly report released by the port on Wednesday said. For vessels with the capacity to carry 20,000-30,000 mt, the freight rate from Qinhuangdao to Zhangjiagang fell to an average of Yuan 32.60/mt ($5.22/mt), down Yuan 0.60/mt week on week, data from the report showed. For vessels with 40,000-50,000 mt of capacity, the freight rate from Qinhuangdao to Shanghai fell Yuan 0.40/mt week on week to an average of Yuan 26.0/mt. However, the freight rate for 50,000-60,000 mt capacity vessels transporting coal from Qinhuangdao to Guangzhou edged up Yuan 0.30/mt week on week to Yuan 37.10/mt. Article continues below...Request a free trial of: International Coal ReportInternational Coal Report and its daily companion, Coal Trader International, deliver expert and respected price assessments for coal trading in the Atlantic and Pacific markets including price assessments for European CIF ARA, FOB Newcastle, Richards Bay and Indonesia.
Freight rates for shipping coal from northern China's Qinhuangdao Port to the southern ports of Zhangjiagang, Shanghai and Guangzhou fell slightly in the week to December 12, after staying rangebound for two weeks, a weekly report released by the port on Wednesday said. For vessels with the capacity to carry 20,000-30,000 mt, the freight rate from Qinhuangdao to Zhangjiagang fell to an average of Yuan 32.60/mt ($5.22/mt), down Yuan 0.60/mt week on week, data from the report showed. For vessels with 40,000-50,000 mt of capacity, the freight rate from Qinhuangdao to Shanghai fell Yuan 0.40/mt week on week to an average of Yuan 26.0/mt. However, the freight rate for 50,000-60,000 mt capacity vessels transporting coal from Qinhuangdao to Guangzhou edged up Yuan 0.30/mt week on week to Yuan 37.10/mt.
Article continues below...
International Coal Report and its daily companion, Coal Trader International, deliver expert and respected price assessments for coal trading in the Atlantic and Pacific markets including price assessments for European CIF ARA, FOB Newcastle, Richards Bay and Indonesia.
Meanwhile, coal stocks at Qinhuangdao Port stood at 6.62 million mt Wednesday, similar to a week ago, port figures showed. Qinhuangdao Port had 6.78 million mt of coal on December 2, 6.56 million mt on November 25, 6.53 million mt of coal on November 18, 6.07 million mt on November 11, and 5.82 million mt on November 4, Platts has reported previously. --Reggie Le, newsdesk@platts.com--Edited by Haripriya Banerjee, haripriya_banerjee@platts.com
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