The eastern Chinese port of Qinghuangdao has reported 7.0847 million mt of coal inventory on September 27, down 1.2213 million mt or 14.7 percent week on week, following decreases in coal inventory over the previous two weeks.
According to a report by BOC International (China) Limited, Daqin railway started a 20-day overhaul from September 20, causing coal deliveries to Qinhuangdao port to drop.
One analyst with CITIC Securities Co., Ltd has indicated that, although Chinese central government policy to save energy and cut emissions has created difficulties, regional policies and a recovery in the market may keep coal supply and demand in balance.