Coal stock at China’s largest coal hub, Qinhuangdao Port, rose 11% to 5.23 mnt on 7 Jun’22 as against 4.73 mn t on 27 May. Stocks increased due to the resumption of the Daqin rail network which was under maintenance in May. Qinhuangdao is a major transit hub for Daqin Railway, which is the most important coal rail network in China. Daqin’s freight volume in May fell 9% m-o-m at 33.8 mn t.
Leave a Reply