Coal stocks at China’s largest coal hub Qinhuangdao Port went down by 6% w-o-w to 4.6 mnt as on 26 August. Stocks fell due to slowed coal transportation from mines to port amid heavy downpour and sporadic outbreak of Covid-19. On m-o-m basis, stocks fell by 18% as China is facing extreme heatwave in the ongoing month that has led to increased coal demand from power plants, resulting in significant drop in coal inventory.
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