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Coal stocks of China's six major power generators up 15.8% on week

Hunan, China — Combined coal stocks held by China's six key coal-fired power generators in southern and eastern China, totaled 11.09 million mt on Thursday, up 15.8% from 9.58 million mt on the week, according to figures released by port operator Qinhuangdao Port.

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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, the stocks are able to cover 18.73 days of consumption at the six power generators, up 3.53 days week on week, the figures showed.

Average coal consumption at the six power generators stood at 591,900 mt/day on Thursday, down 6.2% from 631,000 mt/day a week earlier.

The continuing spell of cold weather in southern and eastern China has further cooled down coal consumption at the six power generators, hence the rise in the coal stocks at the power plants and the coverage days of the coal stocks, according to the port operator.

--Reggie Le, newsdesk@spglobal.com
--Edited by Jonathan Dart, jonathan.dart@spglobal.com