Freight rates for shipping coal from northern China's Qinhuangdao port tothe ports of Zhangjiagang, Shanghai and Guangzhou in the east and southcontinued to edge up in the week to December 5, the operator of QinhuangdaoPort said Tuesday.
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The freight rate from Qinhuangdao to Zhangjiagang in eastern China'sJiangsu province for 20,000-30,000 mt capacity vessels rose Yuan 1.50/mt weekon week to Yuan 64.50/mt ($9.75/mt) on December 5, it said.
The rate from Qinhuangdao to Shanghai in eastern China for vessels with acapacity of 40,000-50,000 mt rose by Yuan 1.80/mt week on week to Yuan56.70/mt on December 5. The rate from Qinhuangdao to Guangzhou in southernChina for 50,000-60,000 mt capacity vessels, however, edged up to Yuan64.80/mt from Yuan 64.90/mt.
Increased purchasing activity by downstream power plants in wintercontinued to boost coastal freight rates, the port operator said.
Meanwhile, coal stocks at Qinhuangdao port stood at 6.49 million mt onDecember 5, down from 6.85 million mt on November 28, port data showed.
--Reggie Le, firstname.lastname@example.org
--Edited by E Shailaja Nair, email@example.com