China’s coal stocks at power plants rise by 10 per cent in September: Govt

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Beijing | Updated: September 30, 2016 10:36:56 AM

Coal inventories at China's key power plants have increased by 10 percent this month, the government said on Friday, amid growing concerns about soaring prices and dwindling supplies due to government-enforced mine closures.

Stocks have increased by 5.28 million tonnes to 56.06 million tonnes since the end of August, equivalent to 17 days of consumption, the National Development and Reform Commission (NDRC) said. (PTI)Stocks have increased by 5.28 million tonnes to 56.06 million tonnes since the end of August, equivalent to 17 days of consumption, the National Development and Reform Commission (NDRC) said. (PTI)

Coal inventories at China’s key power plants have increased by 10 percent this month, the government said on Friday, amid growing concerns about soaring prices and dwindling supplies due to government-enforced mine closures.

Stocks have increased by 5.28 million tonnes to 56.06 million tonnes since the end of August, equivalent to 17 days of consumption, the National Development and Reform Commission (NDRC) said.

Stocks at the port of Qinhuangdao in Hebei province, the  country’s major sea-borne coal transportation hub, have risen 21 percent to 3.17 million tonnes since August.

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