Combined coal stocks held by six major power generation companies in eastern and southern China averaged 14.19 million mt in the week ended November 18, up 0.8% week on week, Qinhuangdao Port said Thursday.
Based on the current rate of coal burn, the stocks held by Zhejiang Power, Shanghai Power, Guangdong Power (Yudean), Guodian, Datang and Huaneng will be able to meet an average 23.46 days of consumption, down 1.47 days week on week, the report said.
The six utilities consumed a total 4.235 million mt of coal, averaging 605,000 mt/day, in the week to November 18, up 7.0% week on week.
Zhejiang Power, Shanghai Power and Guangdong Power are regional electricity companies, while the other three are national power generation companies.
Source:
http://www.platts.com/latest-news/coal/hunan-china/coal-stocks-held-by-six-key-chinese-power-utilities-26940375
