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Coal stocks at China power generators down 2.6% over holidays

Hunan, China — Combined coal stocks held by China's six leading coal-fired power generators in southern and eastern China totaled 9.86 million mt October 12, down 2.6% from 10.12 million mt September 28, according to figures released by port operator Qinhuangdao Port Friday.

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The six key power generators are: Zhejiang Power, Shanghai Power, Guodian, Datang, Huaneng and Guangdong Power which is better known as Yudean.

Based on the current coal consumption rate, stocks are able to cover 13.43 days of consumption at the generators, up 0.6 days over the national day holidays from 12.83 days September 26, the figures showed.

Average coal consumption at the six plants stood at 733,800 mt/day October 12, down 6.9% from 788,400 mt/day September 28, figures from the port operator showed.

Cooling weather in southern and eastern China has whittled down coal consumption at the generators, hence the slight rise in the coverage days of coal stocks, according to the port operator.

--Reggie Le, newsdesk@spglobal.com
--Edited by Jonathan Loades-Carter, jonathan.carter@spglobal.com