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Bohai Port Coal Stocks Fall for Eight Weeks
The coal stockpiles at Bohai Bay ports have declined for the eighth consecutive week, signaling a continued downward trend in supply. According to recent data, inventory levels fell by 172,000 tons during the week of March 31 to April 6, bringing the total to 17.013 million tons—a 1% decrease compared to the previous week. This reduction has been observed across major terminals, reflecting lower incoming shipments and increased demand from downstream consumers.
As of April 6, the number of vessels waiting to be loaded at the four main ports of the Bohai Sea has also dropped, indicating a slowdown in loading activities. This could be attributed to seasonal factors or shifting demand patterns. Meanwhile, power plants in the region have reported reduced coal inventories, although their daily coal consumption has remained relatively stable.
The Daqin Line, a critical rail route for coal transportation, has been undergoing maintenance, which has disrupted normal operations. As a result, downstream industries have become more proactive in securing coal supplies, leading to increased purchasing activity. However, despite this heightened demand, steam coal prices at the four Bohai ports have not yet seen a significant upward movement, likely due to oversupply concerns and cautious market sentiment.
Overall, the current situation suggests that while demand remains steady, supply chain disruptions and inventory reductions are putting pressure on the market. It will be important to monitor future developments, particularly as maintenance on the Daqin Line is expected to conclude in the coming weeks.