On August 8, coal inventory at the northeastern Chinese port of Qinghuangdao stood at 5.0288 million mt, including 4.917 million mt destined for domestic sales and 111,800 mt for exports. Average inventories at the port in question for July registered a decrease of 1.75 million mt or 25.9 percent year on year.
Coal inventory at Qinghuangdao port reached a peak of 6.7864 million mt for the month of July on July 8, including 6.5319 million mt of stocks for domestic sales and 254,500 mt for exports.
With the Chinese economy showing a gradual improvement, consumption of electric power and coal has been on the rise in China. According to the latest data issued by China's State Grid Corp., the country's average daily electricity power generation in July increased by 4.2 percent year on year, higher than the year-on-year growth rate of 3.6 percent in June.