China: Coal stocks at Quinhuangdao port rises post Daqin railway overhaul

Coal stocks at China’s largest coal hub, Quinhuangdao Port, rose 5% w-o-w to 4.72 mnt as on 27 May’22. This has been possible after the Daqin railway resumed normal operations post an overhaul. The daily transportation volume of Daqin railway has recovered to the levels of 1.25-1.30 mnt after the overhaul. This has ultimately led to increased spot supplies of coal to domestic power plants.