Guangzhou’s Stock Bounces up at Port

The stock at Guangzhou port still hovered at the high level of 3,000,000MT in July, however, significantly drops had shown up since the August. On August 15^th, coal stock at Guangzhou port down 610,000MT from the fifteenth-day period 3,210,000MT to 2,600,000MT.

But on August 16^th, slightly bounce up backed to 2,700,000MT at Guangzhou port.

Affected by the three typhoons previously, coal shipping from northern China slips and interrupts the logistics pattern. Thought Qinghuangdao, Caofeidian and the other northern ports had been rush- repaired to the recovery. But it still needs some time for the vessels to get to the South, adding the import cargoes decreasing, undermined the stocks in Guangzhou Port.

Prices have been stable for 3 weeks for the mainstream coals, also the stocks in Yuedean Group may face a further drops. Till August 16^th, stockpiles of Yuedean Group drops to 1,446,600MT, averaged 74,000MT/day, stocks slowing down to last for 20.55 days. Hence according to the market now, prices keeping stable and stocks at ports and power stations will fall off, which is giving a positive signal for the market.