Combined Coal Stocks Held by Six Chinese Power Generators Decreased by 3.2%

Combined coal stocks held by China's six major power generation companies, in eastern and southern China, averaged 14.653 million mt/day in the week ended Tuesday, down 3.2% from the previous week, Qinhuangdao Port said in a weekly report Thursday. 

The stocks held by Zhejiang Power, Shanghai Power, Guangdong Power (Yudean), Guodian, Datang and Huaneng represent 20.5 days of consumption, down 1.1 days week on week, the report said. 

The six utilities consumed a combined 5.012 million mt of coal, or an average 716,000 mt/day, in the week to Tuesday, up 2.0% week on week. 

Zhejiang Power, Shanghai Power and Guangdong Power are regional electricity companies while the rest are national power generation companies. 

For comparison, combined coal stocks at all the key power plants across the country totaled 81.12 million mt at the end of December, equivalent to 19 days of consumption at the power plants.