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Wednesday, 24 October 18
CHINESE POWER PLANT STOCKPILES AT HIGHEST LEVEL SINCE 2015 - JEFFREY LANDSBERG
CommodoreChinese power plant coal stockpiles have climbed to approximately 83.3 million tons as of the middle of this month, said Jeffrey Landsberg in his e-mail.
 
He further noted that, this marks the highest level seen since February 2015 and is also approximately 17 million tons (25%) more than the recent low seen back in mid-August.  It also marks a year-on-year increase of approximately 14 million tons (20%).  
 
Overall, our tracking data shows that China's coal import demand has remained firm again this week -- but China's ongoing climb in power plant stockpiles across the country remains concerning.  
 
This issue will be discussed in greater detail in Commodore's next Weekly China Report, he noted in his e-mail.


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